Lake Tahoe - $699,000 - ACE HIGH SALOON SMOKEHOUSE

South Lake Tahoe, CA
El Dorado County

Stateline


Asking Price: Annual Revenue:
$699,000 $1,689,158

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Lake Tahoe - $699,000 - ACE HIGH SALOON SMOKEHOUSE Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $699,000
Annual Revenue: $1,689,158
Net Profit: Not Disclosed
Cash Flow: $230,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 18
BBN Listing #: 12311533
Broker Reference #: 4086

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Business Overview:

Lake Tahoe - $699,000 - ACE HIGH SALOON & SMOKEHOUSE - Hard Liquor License - Located at Stateline

RRC#: 4086
Asking Price: $699,000
Location: ACE HIGH SALOON & SMOKEHOUSE - 4125 Lake Tahoe Blvd
Annual Revenue: $1,689,158
Annual Cash Flow: $230,000
Monthly Rent: $23,832
Expiration: 2024

Listing Description:
$699,000, a realistic price for this good size Restaurant & Bar making $230,000 annually. Prime Lake Tahoe location next to the Casino's at Stateline CA/NV with many high quality hotels and a currently being built conference center. No expense has been spared on the original build-out just a few years ago. There is a ABC type 47 hard liquor license included with indoor seating capacity of 125 plus a huge patio seating a further 80. Annual revenues of $1.6 achieved with minimal marketing or advertising. This is a superb location and will be most sought after by the experienced restaurateur who can envisage the planned future redevelopment currently in the works. This is an opportunity for an investment into this fast growing community with world renowned skiing, casino’s and of course, the picturesque playground of Lake Tahoe. Bar revenues are only 17% of the total so there is huge room for an increase in alcohol sales. The kitchen is fully loaded with a 15ft Type 1 hood and fire suppression system & two 36” flat top grills, 1 broiler, 2 deep fryers, smoker, 6 burner stove with oven, salamander, large walk-in, 2 upright freezers with ample refrigerated worktops. 20ft bar with barstool seating for 12, 12 beers on tap and POS system with glass fronted refrigerated reach-in’s making for a fully working hard alcohol bar with TV’s all around. Ample storage with a combination of booths and table seating and a massive patio with fabulous mountain views plus a large parking space. The current concept works well and is in demand but a new owner could alter to suit. The size and location of this restaurant is a rare commodity in Lake Tahoe and will generate great interest by locals and city folks looking to invest in this beautiful area. There is also 17 years remaining on the current lease. 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 & full 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.

General Information:
Organization: LLC
Year Established: 2014
Current Owner: 2016
Employees: 18
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $140,764
Monthly Cash Flow: $19,000
Annual Revenue: $1,689,158
Annual Cash Flow: $230,000
Annual Payroll: $468,000

Facilities:
Square Feet: 3,815 + 2,000 Patio
Seating: 125 + 80 Patio
Parking: 50+
Days/Hours of Operation: 10.00am - 10.00pm Daily - (Seasonal)

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Property Features and Assets:

Square Feet: 3,815 + 2,000 Patio Seating: 125 + 80 Patio Parking: 50+

Reason for Selling:

Other Interests

Additional Details:

  • The property is leased.
  • The owner is 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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