Contact: Keith Simpson At 888-995-9701 - Also Email This Contact Below
Asking Price: $1,300,000 Down Payment: Call / Email
Annual SDC: Call / Email
Annual Gross: $1,689,158
Business Address: None Given City: South Lake Tahoe Zip: None Given
Attributes: Broker-Broker Coop, Training & Support
Price Reduced - Restaurant & Bar & Patio - ABC Hard Liquor License - Prime Lake Tahoe Location
Asking Price: Offered At $1,300,000
Location: South Lake Tahoe
Annual Revenue: $1,689,158
Annual Cash Flow: Contact For Info
Monthly Rent: $23,832
Price reduced to $1.3 million for this profitable 4,000 sq. ft. Restaurant & Bar in prime Lake Tahoe location next to many new high quality hotels and the newly planned 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. Bay area folks need to see this opportunity for an investment into this fast growing community with world renowned skiing, casino's and of course, the picturesque playground of the Lake.
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 18 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' 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.
Current Owner: 2016
Reason For Sale: Other Interests
Square Feet: 3815 + 2000 Patio
Seating: 125 + 80 Patio
Hours: 10.00am - 10.00pm Daily - (Seasonal)
To get more information about this Restaurant, Bar, Commercial Kitchen With Catering business for sale in
South Lake Tahoe, El Dorado please phone Keith Simpson (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #266498 on BizBen.com. In addition to phoning
Keith Simpson, make sure you email Keith Simpson above to get more info about this
Restaurant, Bar, Commercial Kitchen With Catering, to ask any questions or request an appointment to see this
business for sale. Thank you.