First $110,000 takes. Seller Says Sell the Tavern and Restaurant Now! This is a unique opportunity for a buyer to take over a gaming tavern with restaurant Fast, less than 60 days! Call to learn how!

This Tavern/Restaurant is a Historic Locals favorite that needs a hands on owner with vision! Do you have what it takes to run a gaming tavern? The current owners are invested in other ventures, so the establishment would perform much better with more onsite direction and management. There is great potential in this 3,333 square foot leased location which seats 45 in restaurant portion and seats 75 in the bar/billiards area. There is even potential for an outdoor space to seat another 20-25. Sellers spared no expense when building out the kitchen which is equipped with 2 hoods, full equipment package and furniture with designed lighting package. The kitchen can be leased out separately if desired. The current identity is tied more to the Mexican street food style restaurant, however, along with the bar/tavern, it can be given a "new identity/theme". Some interests have been to bring a more boutique design with marketing towards a "locals known treasure" considering a high number of casino industry employees just around the corner. A great deal of interest has come from the Asian community with such close distance to China Town. There are 14 bar-top slot machines that are on a space lease (approved for 15 with the option to add a free-standing based on consumer preference) with an income of $4,000 per month (an immediate income to supplement start-up costs). A new owner would enter into the current space lease and immediately receive the proceeds while applying for their own gaming license (if desired) which will make much more money on a split of the profits instead of just the space lease. Seller states that the patio and large bar/restaurant of 3,333 sq./ft. is a great venue for sports event viewing, event hosting and with the restaurant separated from the tavern, the option for family dining.

Call today for more details! Seller Motivated!

This business is a leased location of 3,333 square feet with a Total Rent of $5,172. Lease ends 11/2018. Seller is not active in business with 2FT and 5PT employees. Hours of operation are 24/7. Included in asking price are $2,500 in Inventory and $65,000 in FF&E. $80,000 in Leasehold Improvements made.

Posted Nov 18, 2015

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