For Sale: Bar Catering Commercial Kitchen Restaurant - El Dorado County

Current Status: Active     Posting #: 265490     Last Refreshed: 3/17/21    
Now $150,000 - Lake Tahoe Airport - Bar & Restaurant - Hard Liquor License With Mountain Views.

RRC#: 3856
Asking Price: Offered At $150,000
Location: 1901 Airport Rd. Ste 105, South Lake Tahoe
Annual Revenue: $519,371
Annual Cash Flow: $75,728
Monthly Rent: $1,000

Listing Description:

SBA have pre-approved this business for an 80% loan to experienced buyers with good credit. This is a turn-key bar & restaurant business with long term employees in place with good revenues and provable cash-flow. Good books and records with verifiable financials set in a great location. Average monthly sales are around $40,000 combined with low monthly rent producing a healthy profit. New Lease to be negotiated January 2021. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. The large space and amazing views are a plus for the many parties and events that are hosted here. The mountain views are spectacular with all glass frontage and nice outdoor seating to accommodate up to 30 people. The high value El Dorado County ABC Type 47 hard liquor license is also included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have sold recently for $100,000. On the food side the kitchen has a type 1 hood with fire suppression system, which is serviced every 6 months at landlords expense & walk-in cooler. In 2016 the kitchen was upgraded and many appliances were replaced with new ones, including an Imperial 6 burner stove/flat-top with oven, Turbo air deluxe freezer & refrigerator, Avanco under counter fridge and Manitowac Ice maker. Other appliances include a double deep fryer, charbroiled, 2 door upright reach-in fridge, sandwich prep fridge, and ample stainless steel work surfaces and a pass though dishwasher. The large hand cut pine bar seats 13 patrons and has additional high top tables in the bar area. Also included is a traditional pool table. The dining area currently seats 40, but could be arranged to allow for more seating. All combined, there is total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Sierra Nevada Mountains.

General Information:
Established: 1996
Current Owner: 2016
Employees: 7
Reason For Sale: Other Interests

Square Feet: 2800
Seating: 80+ Patio 30
Hours: Mon - Fri 11am - 12am, Sat & Sun 9am - 12am
Parking: 100+