Contemporary Casual Restaurant with Chef in Place–PRICE REDUCED

Reno, Nevada

Ad ID: 1385066
Type: Established business
Category:
Category: Retail – Bars/Taverns

Financials
Asking: $395,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $144,138
Inventory: $10,000

Gross: $931,871
Cash Flow: $150,001

Summary Description
This restaurant/bar has become a favorite of local diners. The chef has been with the business since its inception, and the reputation of the quality menu has been cemented on such social media sites as Yelp and Open Table. A charmingly decorated interior gives the restaurant a warm, comfortable atmosphere. Outdoor patio seating adds vibrancy to this historic neighborhood during the summer months. The current owner has developed and maintained strong relationships with both employees and customers, and the result has been low employee turnover and a loyal customer base. The Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, a robust nightlife, high-performance schools-including a Tier 1 University with 20,000 students-and is just a half an hour from beautiful Lake Tahoe. No matter the size or industry of your business-interests, Northern Nevada is an excellent place to be. Companies both big-including Tesla and Switch-and small are choosing to call the Reno-Tahoe area home due to tax and business-friendly policies, a skilled workforce, and a high quality of life. Whether you love outdoor activities, exciting nightlife, or the serenity of Lake Tahoe, the Northern Nevada area has something to enjoy for the whole family.

General Information
Year Established: 2012
Employees: 30
Facilities: This charming 1,900 sq. ft. restaurant with bar and enclosed patio area can seat up to 80 customers. A neighborhood favorite located in Midtown, this business is consistently ranked among the best restaurants in the Reno/Tahoe area. The property is easy to reach on foot and is steps away from retail. Ample street parking is also available.

Market Outlook
Competition: Launched 5 years ago, this restaurant has captured the marketplace. It stands out from its competition by offering a quality, chef-driven, menu. As Northern Nevada continues to experience unprecedented growth, more people are dining out, increasing the target market for restaurant/bar dining.

Growth and Expansion: The business maintains its neighborhood feel in a trendy area. It has enjoyed a fantastic word-of-mouth reputation as well as sterling customer reviews on social media´┐Ża big draw for tourists and locals alike. It has its own website that a new owner could capitalize on as well as a strong customer base that could benefit by a loyalty program or other specials.

About the Sale
Financing: Seller prepared to carry with qualified buyer
Support/Training: Two weeks
Reason Selling: Seller wants to focus on other business interests.











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