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Businesses For Sale > Business For Sale in Reno, Washoe County, Nevada (NV)

Bar/Nightclub: a must see opportunity! for sale in Reno, Washoe County, NV

Reno, Washoe County, Nevada (NV)

Asking Price: Gross: Cash Flow:
$ 149,500 $ 260,000 $ 76,000

Furniture and Fixtures Value:
$ 110,000 (included in the asking price)

Inventory Value:
$ 5,500 (included in the asking price)

Business Summary:
Bar/nightclub in downtown Reno with huge potential for development with a very low operating cost. Well established business which comes with all assets and a strong established customer base. The business currently operating has been one of the most successful bar/nightclub for the last 14 years in Reno. Business comes with 2 transferable cabaret and liquor licenses and a lease with rent way below market value.

 
   
Year Business was Established: 1998
   
Number of Employees: 7  
   
Facilities / Terms of Lease: 7300 square foot and a 16 years lease way below market value. : The Club is Located in downtown Reno walking distance from all casinos and with the University of Reno and the Ace Baseball stadium in close proximity. There is easy access and parking is available in front and back of the building and all around the premise. The Nightclub occupies 7,300 square of two full production raised stages, 1,000 square foot dance floor; two spacious VIP areas; two full service bars; a large production/sound room; a dressing room; four restrooms; office; and a large storage area.  
   
Potential Growth/Expansion: business is currently open only 2 to 3 days per week as current owner is managing other businesses.  
   
Competition: The Club has consistently attracted the hottest and most talented local, national, and international performers. Reno is situated in a very strategic location for entertainment as acts pass through coming from and going to the Bay Area/Sacramento, Denver, Salt Lake City, Las Vegas. The Club has established itself within the Reno/Tahoe community and has been the preferred nightclub for many locals for over 14 years.  
   
Owner willing to finance: depends on buyer financial qualification  
   
Owner willing to train: owner willing to train new owner as long as it takes to guarantee a smooth transition  
   
Reason for selling: current owner relocated outside the state.  
   
Seller Reference Number: bm541990538
BusinessMart.com Listing Number: 91198