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For Sale Five Retail Locations In Three Major Strip Casinos
Location Nevada,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1300000
Net Profit / Cash Flow $425000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 10 - 19
Inventory 80000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Two weeks
Reason for Sale Dissolving partnership
Description Huge price reduction-due to extreme personal circumstances-for fast-action buyer. This is a rare chance opportunity to get on the inside of the Las Vegas strip casino retail business world without waiting 3 years and paying $100K upfront for good store space. This is a for sale in five retail locations: one (1) business with five (5) retail outlets in three (3) Las Vegas strip casinos.
The business can be owner-operated or run by in-place management team. Established business started in 2007 with a single kiosk in one casino but now has boomed out to two stores and three kiosks-five (5) locations--in three major strip casinos.
Newest store--opened in January, 2012 as a $300K investment by seller-by far its largest money-maker. Seller reports 2012 total sales at over $1.3MM with a net income of over $350K-an over 20% jump from 2011. In addition, a recently launched website generates additional income. The two (a non-gaming, non-food) product lines have exceptional markups and are the largest companies of their kind on the strip.
All sales are documented with POS system. Very solid books. Excellent and fully transferrable lease agreements with casinos that are ready to negotiate with this particular business for additional outlets when space is available. These are prime, high-traffic locations. New buyer has the same lease security as McDonalds and other national brands. Lease costs are a fraction of usual casino rent with two money-making, space-efficient, extremely well-located kiosks, and three stores with uniquely advantageous lease agreements. Each location is profitable and 100% turnkey.
Sale includes convenient off-site warehouse space with inventory of approximately $80k. The warehouse has office space with an existing customer service department and the potential for a retail shop and/or conference area. Only due to personal circumstance is this business available at just $795K plus inventory. Seller will consider all reasonable offers.
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