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Lake Tahoe Bar & Grill with Valuable ABC Type 47 Hard Liquor License & Spectacular Mountain Views.
El Dorado County, California

Asking Price

$265,000

Office Listing #

2955
Revenue $36,170 / month Lease Rent $816 / month
Cash Flow $5,834 / month Square Feet 2800
Direct Link www.restaurants-for-sale.com/27973

    

Bar and Restaurant with all the staff and manager in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest rent in South Lake Tahoe, probably California. There is a long lease in place (to 2031) with monthly rent of only $816. The landlord pays for the bathroom upkeep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. The growing sales & growing revenues are all achieved with an absentee owner. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. The owner & manager will train the buyer to successfully operate the business and the owner may carry a portion of the sale to well qualified buyers with excellent financials and with Bar/Restaurant experience. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. many parties and events are hosted as the large space and views lend itself well to host the many events currently on the books for 2018/2019. The mountain views are spectacular with all glass frontage and nice 30 seat patio and 2,800 square feet of usable bar and restaurant space. The high value El Dorado County ABC Type 47 hard liquor license is included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have recently sold for $120,000. 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 it’s 13 barstools and 9 further tables with 24 barstools seating 37 in total, plus a traditional pool table combined with the dining room’s 40 chairs and tables giving a total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Sierra Nevada Mountains. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll 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, Business and ABC Licenses
   

Financials

Revenue $36,170 / month
Cash Flow $5,834 / month
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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