SBA Pre-Approved - Prime Real Estate

South Lake Tahoe, CA
El Dorado County

Asking Price: Annual Revenue:
$1,750,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: SBA Pre-Approved - Prime Real Estate Broker: Seller of Business

Quick Facts

Asking Price: $1,750,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 759511533
Broker Reference #: 3537

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Business Overview:

Premier Restaurant, Bar & Catering Asset with Real Estate in South Lake Tahoe. Annual revenue used to exceed $1.4 million. SBA loan pre-approved for 85% for 25 years. The business was operated successfully for 19 years but is now closed and the Landlord is seeking a Buyer for the Real Estate and Business Assets for $1.75 million or a well qualified Entrepreneurial Restaurateur to restart this successful business for a mere $25,000 deposit for the equipment and a monthly rent of $2.75 per square feet plus NNN. The main dining room seats 50 with 6 barstools at the bar and an outside Patio area for a further 30 plus a private dining room on the second floor seating 100 for the major catering events. The modern kitchen is fully equipped with an 6 burner stove with double oven, broiler, convection ovens, deep fryers and ample refrigerated worktops plus a walk-in cooler with large dry goods storage. Catering was also a major revenue earner especially in the summer months. This business was well connected to the incredibly busy South Lake Tahoe wedding industry and catered many receptions in their own private dining room. This is a major opportunity for a new owner to take over a business and/or purchase the real estate. A long lease available and negotiable. Located on a major thoroughfare this excellent size business had 19 years of goodwill. Please complete the ‘Non Disclosure Agreement’ on our website and we’ll send you the historic financial information & a 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. No Broker Coop.

General Information:
Organization: Contact For Info
Established: 2000
Current Owner: 2000
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Payroll: Contact For Info
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info

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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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