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Bar, Pub, Restaurant, With Real Estate For Sale - South Lake Tahoe, California
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Profile: A Jewel In Lake Tahoe Including Real Estate W/Bar & Pub.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,495,000 |
| Down Payment: |
SBA |
| Annual Revenue: |
$895,344 |
| Annual Adjusted Net: |
$183,436 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
Yes |
| Bkr To Bkr Coop: |
Call |
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Description:
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Unique Opportunity To Own And Operate One Of Tahoe's Premier Restaurants That Includes The Sale Of The Real Estate. Situated Less Than A Mile From The Scheduled New Convention Center At The Stateline Of Nevada, South Lake Tahoe, California, This Restaurant Sit In A Free Standing Building. Built Originally In 1975 It Features 3,000 Sq Ft Inside Accommodating Approx 100 Seats With A Large 2,000 Sq Ft Outside Fenced Patio And Garden Area Seating Another 100. There Is Ample Parking On An Approx 0.50-Acre Lot. It Was Originally Designed To Operate On The First Floor Only And Has Since Been Expanded To Include A 2nd Floor Bar/Pub And Late Night Music Venue. On The First Floor There Is A Quaint Dining Room And A Beautifully Appointed Large Cocktail, Beer And Wine Bar, Proudly Pouring Over 20 Main Stream And Micro Brewed Beers, Whilst The Extensive Wine List Complements The Upscale Food Menu. Many Upgrades Were Completed In 2006 With Around 125K Spent On A Remodel, Modernizing Both The Pub And Restaurant. The Show Kitchen Sits Proudly In The Middle Of The Building Allowing Service For Both Floors To Be Easily Accommodated. The Building Stands Alone And Makes The Perfect Setting For A Sit-Down Full Service Dinner Or A Casual Drink In The Garden Glancing At Views Of The Lake Tahoe. The Many Wedding Receptions And Private Parties Served Are Witness To Tahoe’s Beauty And The Buildings Versatility To Accommodate Groups And Events Without Losing Site Of The Many Regular Customers. The 2nd Floor Popular Bar/Pub Is One Of Tahoe’s Happening Live Music Nightspots For The Locals And Tourists Alike And Has An Intimate Club Like Feel. The Contemporary Menu Has No Competition In Town And Has Been Developed To Encourage Tastes From Around The Globe. It Could Also Be Converted To Another Concept Such As Italian, French Or American. A High Value, El Dorado County, Type 47 Full Liquor License Is Included With The Sale. Two Of These License Recently Sold In The Hundreds Of Thousands Of Dollars Range. Presently The Restaurant Is Only Open For Dinner And Late Night Bar. Therefore There Is Huge Scope To Increase Business By Opening For Lunch, Seven Days A Week, Especially In This Tourist Location.
Sba Financing Is Already In Place And Is Assumable To Extremely Qualified And Experienced Buyers.
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Business For Sale Photos
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| 2008-11-23 |
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