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Latin And Mexican Cuisine Restaurant In Las Vegas For Sale

Las Vegas, Nevada
Asking Price:
$750,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,851,106 (USD)
Cash Flow:
Available on request

Locally owned and operated Latin & Mexican Cuisine Restaurant within a few blocks of “Las Vegas Strip.” 4000 sq. ft. with 2000 sq. ft. outside patio. Space features towering ceilings, 35-foot-tall floor-to-ceiling windows and a relaxing outdoor patio with gorgeous Strip views. Drawing an enthusiastic mix of tourists and locals alike, the restaurant is an easy stop for anyone coming from the Las Vegas Convention Center or nearby “Las Vegas Strip” resorts. A bustling open kitchen adds action and excitement to the dining room. Currently licensed for beer, wine and liquor. Gaming is available for new operator who qualifies. Seller says, assets of restaurant valued at more than asking price. Net revenue discussed with qualified buyers only. Health issue forces sale. For additional information contact listing agent Ron Smith.

Property information

Real Estate:

Lease

Location:

This is a leased location of 4,000 square feet with a 2,000 square feet outside patio and a Total Rent of $24,000. Lease ends 06/2027 with two 5 year lease options. Seller is active in the business with 8 Full Time employees and 35 Part Time employees. Hours of operation are 11 AM to 10 PM Sunday - Friday and 11 AM to 11 PM Saturday. $25,000 in Inventory and $750,000 in FF&E included in Asking Price. $600,000 made in Leasehold Improvements. Beer, Wine, Liquor License Required. Gaming License available for minimum of 5 machines on approval.

Size in square feet:
4,000

Business Operation

Reasons for selling:

Health Issue

Trading hours:

11 AM to 10 PM Sun-Fri and 11 AM to 11 PM Sat

Employees:
8 FT Employees, 35 PT Employees
Years established:
1

Other Information

Support & training:

30 Days

Financing available:

TBD

Furniture / Fixtures value:
$750,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price

Contact Information

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