Lake Tahoe CA – Long Established Bar/Restaurant
Not Disclosed, CA El Dorado County
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- RE: Lake Tahoe CA – Long Established Bar/Restaurant
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $3,165,910 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 30 | |
| BBN Listing #: | 76411533 | |
| Broker Reference #: | 4563 |
Business Overview:
Price Reduced - Lake Tahoe CA – Long Established Premier Bar/Restaurant, Cocktails & Craft Beer – ABC Type 47 & 23 Licenses.
RRC# 4563
Location: Lake Tahoe
Description:
Price reduced for this premier bar & restaurant located in Lake Tahoe CA.
GREAT FOOD, GREAT BEER, GREAT PEOPLE!
Open for lunch and dinner: indoor and outdoor patio dining. Featuring hand-crafted and California comfort food. Creative and seasonal food menu are filled with farm-fresh items prepared daily from scratch. Established 2014 with all Management is in Place, 50 Employees and a Long Long Lease. Good Books & Records and full Training will be provided by Owner of 9 years. Provable Cash Flow, Growing Revenues and located on a highly visible corner. Annual revenues in excess of $3 million with a low monthly rent of $8,500. ABC full liquor Type 47 license and spacious bar & restaurant with 3586 sq ft indoors and outdoor Patio dining.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
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Financial Information:
Monthly Revenue: $263,825
Monthly Cash Flow: $25,000
Annual Revenue: $3,165,910
Annual Cash Flow: $300,000
Annual Payroll: $1,092,356
General Info:
Ownership: LLC
Established: 2014
Current Owner: 2014
Employees: 50
Reason For Sale: Other Interests
Monthly Rent: $8,326
Expiration: 2025 plus Two 5 year Lease Options
Facilities:
Square Feet: 3,586 225 Patio
Seating: 120 25 Patio
Parking: 85 parking spaces
Licenses: ABC Type 47, 23 & 58, Business and Health Permit
Days/Hours of Operation: 11.30am - 8.30pm Daily
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Property Features and Assets:
Square Feet: 3,586 225 Patio; Seating: 180 25 Patio; Parking: 85 parking spaces.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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