Business For Sale

Price Reduced - Bar & Restaurant On Major Street

South Lake Tahoe, CA
El Dorado County


Asking Price: Annual Revenue:
$139,000 $499,200

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Price Reduced - Bar & Restaurant On Major Street Broker: Steve Zimmerman

Quick Facts

Asking Price: $139,000
Annual Revenue: $499,200
Net Profit: Not Disclosed
Cash Flow: $98,004
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 952511533
Broker Reference #: 2808

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Business Overview:

Price Reduced - Bar & Restaurant On Major Street Close To The New Whole Foods Store With Beer & Wine

RRC#: 2808
Asking Price: $139,000
Location: South Lake Tahoe, El Dorado County, California
Yearly Revenue: $499,200
Yearly Cash Flow: $98,004
Monthly Rent: 4000 inc NNN

LISTING DESCRIPTION:
Price Reduced to $139,000 for this profitable, modern 2,150 square feet bar and restaurant with extremely low monthly rent. Annual sales in excess of $500,000 with profits of $98,000. You would get you investment back in virtually 1 year! This is a superb location and close by the new Wholefoods store currently under construction and due to open in late 2018. Using state of the art technology with online booking and catering ordering using a ''Toast'' POS system and Inventory management system. This opportunity would suit a chef & partner team working both the kitchen and front of house and as a ''Bonus'' the owner is willing to carry a portion of the purchase to well qualified Buyer''s with experience and good credit. Fully loaded kitchen with a 12'' hood complete with fire suppression system, 4 burner stove with oven, 2 large smokers, deep fryer, broiler, flattop, large walk-in cooler, refrigerated worktop, ample s/s additional worktops and Hoshizaki ice maker. The whole bar and dining room has a modern, industrial atmosphere with 12 barstools plus 2 ADA seats with additional high bar tables and chairs, while the spacious dining room has hardwood tables and chairs placed on a solid concrete floor for ease of maintenance. The outdoor patio has a "Pek -a -Boo" view of the Lake with ample seating for 40 plus an additional side patio seating a further 25. The monthly rent is only $4,000 inclusive of NNN, which is very low for this busy main Hwy location. Check out this Lake Tahoe bar and restaurant and enjoy a lifestyle in the mountains. Please complete the ‘Non Disclosure Agreement’ 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. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1980 | Current Owner: 2015 | Employees: 6 | Seating: 80 Indoors + 40 Patio + 25 Patio | Square Footage: 2150 | Parking: Street | Licenses Required: Health, ABC Type 41 Beer & Wine Licenses | Days Open/Hours: 11.30am - 9pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $499,200 | Yearly Cash Flow: $98,004 |

LEASE INFORMATION:
Monthly Rent: 4000 inc NNN | Lease Expiration: July 2020 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 4000 |

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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