Legendary Vegas Bar Near the Strip For Sale

Business description

The newly updated financials are strong, and the price has been significantly reduced. It’s hard to beat this venue if you are looking for a bar with gaming in Vegas.
Bar revenue is up 7% compared to 2007 and gaming income (15 machine restricted gaming license) is on track to contribute over $400,000 to the bottom line again this year. Weekly drops are routinely over $30,000, and February 7 was a special day with a $50,000 plus drop. The numbers are especially impressive considering the recent economic climate.

In an era where bars come and go quickly, this charismatic venue dates back to the Rat Pack and has a strong following of eternally loyal regulars. The bar is a well known Vegas destination with great reviews by Trip Advisor, Maxim Magazine, Esquire Magazine, City Search Las Vegas, Las Vegas Weekly, and Las Vegas City Life among others. A Miller Beer commercial was also filmed here. This bar does not compete with the glitz of the strip. It is the nostalgic alternative. The new owner will become an instant Vegas insider.

This 24 hour operation is a great opportunity for a seasoned operator. Locals crowd by day, working swarm in the evenings, and tourist/college throng at night. UNLV with 31,000 students is 4 minutes away and McCarran Airport is 9 minutes. A nearby mega mall, with 140 retail shops, offers ample overflow parking. The adjacent boulevard has over 40,000 AADT count. Why would anyone want to sell this place? How about semi-retiring to a charter boat business in Mazatlan?

Property information

Real Estate:

Lease

Lease terms:

Hours: 24/7 50 seats 20 parking Tavern License 1000 sq ft $3750/mo Expires 2010 + 5 years

Other information

Trading hours:

24/7