Exceptional North Tahoe Location
North Tahoe area, California
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Asking Price |
$1,350,000
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Revenue |
$2,700,000 / year
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Cash Flow |
$250,000 / year
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Lease Rent |
$10,450 / month
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Square Feet |
5400 |
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Listing Description |
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This upscale restaurant and bar is a constant money maker and is located in one of the finest locations in the North Tahoe region. Surrounded by ski resorts, high end golf communities and a healthy year round population in one of California’s fastest growing resort towns. We have averaged 20% growth for each of the past five years and grossed 2.7 million in 2006. 2007 and 2008 are meeting prior years revenues. There are 7 years left on the lease, currently 1.95/sq. foot with annual CPI increase.
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General Information
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Organization: |
LLC
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Year Established: |
1973 |
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Current Owners: |
1999 |
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# of Employees: |
Contact For Info |
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Seating: |
160 |
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Square Feet: |
5400 |
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Parking: |
street |
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License(s): |
ABC 47,52 |
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Day & Hours Open: |
7 days 11am-2am |
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Reason For Sale: |
Contact For Info |
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Financial Information |
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Revenue: |
$2,700,000 / year |
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Cash Flow: |
$250,000 / year |
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Payroll: |
$600,000 / year |
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Inventory: |
$90000 |
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FF & E: |
$300,000 |
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Lease Information |
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Lease: |
$10,450 / month |
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Expiration: |
2016 |
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Yearly Adjustment: |
cpi
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Option: |
Not Available |
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Security Deposit: |
Not Available
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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To access this webpage directly, use:
http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=3732
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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Listing Contact:
Please Email
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Phone: Mountaincusine@yahoo.com |
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Fax: |
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