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For Sale: Sports Bar And Restaurant - South Lake Tahoe


Current Status: Active     Posting #: 252667     Last Refreshed: 1/17/20    
Contact: Breeze Singh At 916-995-9754 Cell , 916-529-3172  -  Also Email This Contact Below
Price:  $1,200,000     Down:  $400,000     Adjusted Net:  $414,347     Revenue:  $1,261,592    
Business Address:  None Given     City:  South Lake Tahoe     Zip:  None Given    
Attributes:  Semi-Absentee Run, Lifestyle, Training & Support     Cooperation With Brokers?  Call
South Lake Tahoe Sports Bar And Restaurant Business For Sale Sports Bar And Restaurant Company For Sale South Lake Tahoe Sports Bar And Restaurant Companies For Sale

  Email Breeze Singh Below About This Posting
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For Best Results & Response, Email & Phone This Contact: Breeze Singh at 916-995-9754 Cell and 916-529-3172.

  Description About This Posting: Sports Bar And Restaurant
Location, location, location !! It's all about the location. Well you can't go wrong with this location then.

5 minutes walking distance from the lake. With views of the lake from the patio and located on a busy street leading to the lake.

This is an amazing opportunity to own a sure shot cash cow
This sports bar is newly made with state of the art technology to run the business.
The bar was established in 2017 in a high traffic plaza.
It's located in a very busy tourist spot.

Traffic count on the street is around 27000 - 32000 vehicles a day as per 2015 data

As per data for 2019 approximate annual consumer spending in the 3 mile radius for food away from home and alcoholic beverage is around $31 million

As per 2018's account records

Net sales were $1,724,932.00
With gross profit of $1,261,592.00
And net profit of $414,347.00

The lease details are as per below

Size = 3696 sq. ft.
Lease commencement from oct 20th 2016
Lease end date oct 19th 2026
Rent = $15000( approx)
Annual increase of 3% or less as per san francisco cpi average
All utilities paid by lessee

Seating space of around 180 to 200 patrons

With 2 five(5) years options to renew

All equipment and furniture is included in the price and inventory to be sold separately

Disclaimer: all info above is provided by the seller. Buyer and buyer's agent to verify the info. This is an exclusive right listing. Listing agent does not provide permission to anyone to market the listing without written approval from the listing agent. Failure to do so will bring legal repercussion to the offender. Data for households and traffic count as per third party websites, agent and broker don't claim any responsibility of the accuracy of the data.

To get more information about this Sports Bar And Restaurant business for sale in South Lake Tahoe please phone Breeze Singh - BRE License #:01981870 at 916-995-9754 Cell and 916-529-3172 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #252667 on BizBen.com. In addition to phoning Breeze Singh, make sure you email Breeze Singh above to get more info about this Sports Bar And Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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