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Asking Price$359,000
Revenue$421,000 Established2011
Cash Flow$160,000 Employees7 full, 4 part
FF&EUndisclosed FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This sports bar is a turn-key 5,000 square foot free standing building which offers 15 video poker slots, keno, gaming devices, signature food items, live music, karaoke, poker tournaments, comedy, parties and receptions; This bar has it all! The bar area includes a custom-built raised stage with state-of-the-art sound equipment and a 600 square foot dance floor/dining area. All Furniture, Fixtures and Equipment well maintained and in excellent working order. A new owner operator functioning as the general manager could easily earn over $160,000 per year without making additional changes.
Acquired by current owner on September of 2011, this bar has become a favorite sports bar and night spot for Las Vegas locals with unmatched gaming, food, music and entertainment. This sports bar and grill is located on a major highway on the eastside of Las Vegas, with daily traffic counts exceeding 45,000 cars per day. The bar is in an improving area near a fairly new hospital and water park. The current owner is not active on a day to day basis and has both a general manager and bar manager in addition to a full restaurant and bar staff.
This is a tremendous opportunity for a buyer interested in a sports bar at a fraction of the cost of opening a new gaming bar. All of the hard work and growing pains have already been incurred. Everything is already in place; trained staff and management and an established clientele to build on, with huge upside potential. Business maintains great books and records.
This outstanding business has the following attributes:
- Great Staff/ Loyal Clientele - Well Known as ‘the' Raiders Bar in Las Vegas
- Grandfathered Gaming License which is Rare and Difficult to Find
- All Equipment and Assets are in Excellent Working Order
- Trained Employees, Bar Manager and General Manager in Place
- Unincorporated Clark County Does Not Charge up to $75,000 for a New Liquor and Gaming License as does the City of Las Vegas
- Huge Upside Potential for an Active Owner Operator
- History of Growing Revenue and Profitability
- 15 Slot Machines with Excellent Slot Route Operator
- Great Financial Records - Seller is a CPA
- Rare Chance to Purchase Growing Las Vegas Bar with Gaming
- Seller willing to Consider an Operating Partner
- A Fraction of the Cost of Normal Entry and Opening a Bar from Scratch
PLEASE NOTE: Seller must approve all potential buyer Profiles with NDA's before summary can be sent out. Please understand it could take 2-3 days for a response once you submit your information. For more information, please contact Alan Horwitz at 702-714-0229 or lvbusinessbroker@gmail.com
Training/Support:120 hours over 30 days
Seller Financing:TBD - will carry up to 50%
Sale Reason:Other business interests
Ad #118042
Seller Reference #LASVENV001-N1203
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Contact This Seller
Alan Horwitz
(702) 364-2551
Email Address