For Sale: Bar, Catering, Commercial Restaurant - South Lake Tahoe

Description About This Posting: Bar, Catering, Commercial Restaurant

South Lake Tahoe Airport - Bar & Restaurant - Hard Liquor License With Spectacular Mountain Views.

RRC#: 3689
Asking Price: Offered At $199,000
Location: 1901 Airport Rd. Ste 105, South Lake Tahoe
Annual Revenue: $519,371
Annual Cash Flow: $75,728
Monthly Rent: $816

Listing Description:

The shortly to be released 'Top Gun' movie was filmed at this Bar & Restaurant which will promote this business tremendously and probably attract a huge amount of tourists once this blockbuster movie hits the box office. 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 great employees in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest monthly rent in South Lake Tahoe at only $832. The landlord pays for the bathroom up keep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. 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, charbroiler, 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. 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:
Established: 1996
Current Owner: 2016
Employees: 7
Reason For Sale: Other Interests

Related Links And Information Regarding This Posting

Helpful Resources To Assist In Selling And Buying California Businesses

Peter Siegel, MBA: Business Purchase Financing Solutions Niche business purchase financing advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages. To get professionally pre-qualified or more information on the ProBuy/ProSell Programs: 925-785-3118.

Peter Siegel MBA, BizBen Founder, ProBuy, ProSell, ProIntermediary Programs Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.

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Lee Petsas, Business Broker: Southern California Area Lee Petsas has been selling businesses with UBI Business Brokers in Southern CA since 1981. In 1999 he became the Owner and Broker for UBI. He has been approved multiple times by Courts as an Expert Witness in the area of Business Valuations.

William F. Ziprick, Attorney: Legal Services For Buyers And Sellers Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of closings. Office: 909-255-8353, Cell: 509-951-7230.

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