Golden Horseshoe Steakhouse & Saloon (Includes Real Estate)

Lake Havasu, AZ (Mohave County)


Asking Price:

$995,000

Gross Revenue: $1,300,000
EBITDA: N/A
FF&E: N/A

Cash Flow:

N/A

Inventory: $20,000*
Real Estate: N/A
Established: 1975

BUSINESS DESCRIPTION:

Golden Horseshoe is a golden opportunity to acquire a restaurant, business assets and real property substantially below 2014 appraised value. Sales in recent years have averaged $1.3 million per year and industry experts say this business is capable of achieving 2 to 3 times that volume. This restaurant is open and operating. The real estate side of this offering includes the opportunity to split off and sell the duplex on the property to recover $400,000.

Inventory:

Not included in asking price

Real Estate:

Owned – Included in asking price

Building Sq. Ft.:

9,200

Employees:

25-30

Facilities:

Extensive array of equipment, furniture, fixtures, d├ęcor, memorabilia smallwares, pots, pans, utensils, china, glassware included. Located approximately five miles north of downtown Lake Havasu City on North London Bridge Road located on 3.1 acres. Sale includes 9200 sf restaurant building and 4,000 sf duplex.

Competition:

One of a kind. Old West cowboy themed restaurant, bar and saloon. Still doing very good volume and nothing like it in the area.

Growth & Expansion:

New operator should be able to significantly increase the volume and get costs in line. Lake Havasu City and Lake Havasu are one of the top visitor attractions in the State of Arizona.

Support & Training:

Two weeks training

Reason for Selling:

Retirement

Contact for me for more information on this listing...

Thomas Yario

7077 E. MARILYN RD
BLDG. 4 STE. 103-130
SCOTTSDALE, AZ 85254
o: 480.473.1500
c: 602.705.5300
EMAIL: [email protected]