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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Restaurant In Casino For Sale

Location  Nevada,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2882800
Net Profit / Cash Flow  $786600
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2002
Number of Employees  20 - 34
Inventory  30000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Seller will train for 4 weeks
Reason for Sale  Relocating
Description  Founded in 2002, this beautiful non-union, 124-seat Asian restaurant features the widest varieties of oriental delicacies in Las Vegas. The location, within a major Las Vegas hotel-casino, has exposure to tremendous guest traffic flow. It is immediately adjacent to the gaming floor, main entrance, and 800-seat Theater. This hotel: has nearly 2000 rooms, runs an average of 92% occupancy, has a huge convention and meeting space, a large, active event center, a bowling center, etc. Approximately 30% of the sales are generated through complimentary meals provided to casino players by the Landlord. The other 70% of sales is from hotel guests, tourists, and local residents. Locals and tourists generate late-night sales. Take-out is available, but the majority of the sales is dine-in. Guests may charge to their rooms through the Micros system. The Seller does not work full-time in the business; the management is self-contained. The two most highly compensated employees are the Senior Manager, at $3,400 per month, and Head Chef, at $5,500 per month. The Buyer must have Asian food experience, a great reputation in other locations, and significant capitalization, as Landlord approval will be challenging. As an alternative, the Seller would accept $2,300,000 with 50% down and 50% carry, on a case-by-case basis. The Seller will stay for four weeks to ensure a smooth orderly turnover, and will sign a non-compete agreement. For more information, including a valuation, please contact Len Krick, Broker, at 702.856.4701. Serious inquires only, please.
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