Listing ID: 80969
Ethnic restaurant location for sale. This business has served up authentic cuisine for over three decades. Revenues reflect food AND liquor sales, as current ownership has a full liquor license.
Building is 5,000 square feet, and has been set up for years to do banquet seating for large parties. New owners could reinvigorate the catering and party aspects of the business, both of which were impacted by Covid.
Locally, 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, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
- Asking Price: $205,000
- Cash Flow: $157,625
- Gross Revenue: $613,255
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1980
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
5,000 (approx.) sf leased. $3,768/month through 5/31/25; $4,070/month 6/1/25-5/31/30.
3-4 Weeks Negotiable
Location is great. Near a major highway, hotels, golf course, and other important businesses. Hotels bring in a lot of ski traffic.
The State Capitol has new people arriving all the time, lots of new housing, growth in the market, which means lots of customers. New owners could go back to catering and hosting a banquet hall, which were impacted by Covid.
The business was founded in 1980, making the business 42 years old.
The company has 7 employees and is located in a building with approx. square footage of 5,000 sq ft.
The real estate is leased by the business for $3,768 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 entirely different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a range of other reasons. This is why it is extremely important that you not count absolutely on a vendor's word, however instead, make use of the seller's solution in conjunction with your total due diligence. This will repaint a much more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new consumers? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the location, road building and construction, and employee turn over can affect repeat consumers and negatively affect future revenues. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local mean family income impact future earnings prospects?