Bar on Las Vegas Strip – Profitable – In Like New Condition- Unique Opportunity NV-3391

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Grocery Stores for Sale

This is a once in a lifetime opportunity to own and operate a premier bar on the Las Vegas Strip. The bar is almost directly across from the Bellagio Resort and Casino and is surrounded by Caesar’s, Bally’s, Paris, Planet Hollywood, The Cosmopolitan and Aria. A buyer looking to have outstanding visibility and expose their brand on the Las Vegas Strip should look no farther.
This outstanding business has the following attributes:
• Significantly below-market lease signed during depths of pandemic, through 2026 with 5 year option to extend
• Premier Las Vegas Strip Location for either the current Brand or any future brand or bar concept that a purchaser might want to use
• Profitable, fully staffed, turnkey operation
• One year of operation – effectively brand new with minimal maintenance costs
• 2022 revenue and profits continuing to grow, and seller willing to train and ensure transition
• Sellers are looking to recoup capital to reinvest in other, non-competing business interests
• Asking cost of 650k looks to recoup startup costs from a year prior – the cost to establish the business would be substantially higher today
• Huge upside potential as Las Vegas continues to recover post-covid
• Longer term upside in Las Vegas, and continued Las Vegas growth (MSG Sphere, Virgin Hotel, Convention Center, etc)
• Potential for the location to be a high visibility anchor for a longer term brand expansion
For more information including a detailed confidential opportunity summary with financial information and photos, please call Alan Horwitz with Sunbelt Business Brokers at 702-714-0229. For the quickest response please email Alan at [email protected] for an easy to complete e-sign non-disclosure agreement. This will ensure that you quickly receive the complete package. ( NV license # 54316, Business Broker Lic. # 13)

Financial Information

  • $650,000 Asking Price
  • $65,000 Cash Flow
  • $500,000 Gross Revenue
  • On request Down Payment

Business Location

  • City: Las Vegas
  • State: Nevada

Reason for Sale

  • Other business interests

Detailed information

  • Year Established: 2021
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Part time Employees: 6
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: $25,000
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: $0
  • Building Size: 383
  • FF&E Included?: Yes
  • FF&E Value: $400,000

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Business Listed by Sunbelt of Las Vegas
Contact
Sunbelt Business Advisors
Call Listing Broker (612) 455-0880
Listing ID
LASVENV001-50552
Office Phone (702) 364-2551

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