Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$230,000	Inventory	$13,000*
Gross Income	$688,733	Real Estate
Cash Flow	$88,736	Year Established	1997
FF&E	$170,000*	Employees	12

* included in the asking price

** not included in the asking price

The impact of recent legislation prohibiting smoking in bars serving food is well documented. This business has overcome that problem. Two distinct, yet adjoined Bar and Grill and a tavern allow customers to choose which facility they want to patronize. The seller owns all 18 slot machines that are located in the two facilities, which may be purchased sepatately. From a regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of it s diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. From a business perspective, Forbes Magazine ranks Reno 25th out of 150 cities for doing business. The Forbes/Milken Institute ranks Reno 26th out of 200 cities in their study "Best Performing Cities: Where America's Jobs Are Being Created". As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Center for Women's Business Research ranked Nevada third in the nation for growth in Women-owned firms.

Facilities: This really is two businesses in one. The first component is a 3,000 sq. ft. Bar and Grill that seats 100 which has 10 slot machines and has been in business for over 10 years. The second is a 1,500 sq. ft. Tavern, separated by a common wall, which has 8 slot machines. The tavern opened in the summer of 2007. The businesses are located close to a major highway and have a strong reputation for quality food and service. Slots may be purchased separately.

Competition: These businesses are located in one of the fastest growing neighborhoods in Reno. The demographics of the market match closely to the services provided by these two adjoining businesses, namely food and beverages, slots and the opportunity to choose to smoke or not to smoke in the facility of their choice.

Growth/Expansion: Owner feels that a more broad based marketing approach would be beneficial. Also, a greater focus on in-house promotions, some with vendor sponsored events, would help the bottom line.

Financing: $90,000 down and $2,113 per month for 84 months.

Support/Training: Two weeks.

Reason Selling: Pursue other interests.