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Profitable Sports Bar and Grill with Valuable ABC Type 47 Hard Liquor License and Spectacular Views.
El Dorado County, California

Asking Price

$285,000

Office Listing #

2955
Revenue $36,170 / month Lease Rent $816 / month
Cash Flow Contact For Info Square Feet 2800
Direct Link www.restaurants-for-sale.com/27973

    

A unique opportunity to own this successful Sports Bar and Grill Restaurant located in South Lake Tahoe. Tahoe lifestyle is the envy of most Californians with itís crystal clear lake for summer beach enjoyment or the many winter ski resorts at your doorstep. Tahoe business is seasonal but this long established bar and grill caters to the many locals and tourists alike, enjoying strong business all year around. The views are spectacular from the all glass frontage and so is the extremely low monthly rent for 2800 square feet of usable bar and restaurant space. The highly valuable El Dorado County ABC Type 47 hard liquor license is included with the purchase and is yours to market and use, especially as the bar and liquor sales produce a large part of the revenue. Similar licenses have recently sold on their own for $150,000. On the food side the kitchen has a type 1 hood with fire suppression system, walk-in cooler, 6 burner stove with oven, double deep fryer, 3 door upright fridge and ample stainless steel work surface. The bar with itís 13 barstools and 9 further tables with 24 barstools seating 37 in total, plus a traditional pool table combined with the dining roomís 40 chairs and tables giving a total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Lake and Mountains. Average monthly sales are around $40,000 combined with the low monthly rent and low food and alcohol costs produces a healthy profit but further increases in sales through social media and local advertising would achieve outstanding growth. Donít miss out on this rare Lake Tahoe opportunity. Please complete the ĎNon Disclosure Agreementí on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. Weíll also send you the Broker's contact information so you can discuss this opportunity in more detail.

  

General Information

Organization LLC
Year Established 1996
Current Owners 2016
Employees 7
Operating Hours Operation Mon - Fri 11am - 12am, Sat & Sun 9am - 12am
Reason For Sale Other Interests
   

Facilities

Seating 80 + Patio 30
Square Feet 2800
Parking 100+
Licenses Health and Business
   

Financials

Revenue $36,170 / month
Cash Flow Contact For Info
Payroll $11,567 / month
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $816 / month  
Expiration 2021  
Yearly Adjustment Not Available  
Option Two 5 year Options  
Deposit 816  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Keith Simpson
Steve Zimmerman
Restaurant Realty Company
phone: 415-945-9701
fax: 415-945-9702

www.restaurantrealty.com

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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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