The Best Value Bar & Restaurant for sale in Lake Tahoe, California. A beautiful setting to own and operate your own Restaurant, Bar with Type 47 License & Wedding business. Summer Lakeside beaches and exciting Winter Skiing. A truly magical all year around mountain and lake resort. This business has been in the same ownership for 12 years and includes an indoor Bar and Restaurant of 2,500 sq ft, Outside Deck Bar 1,200 sq ft, Kitchen & Storage 1,500 sq ft and over 9,000 sq ft of private lawn & garden, all for a base rent of just $4,200. The sale includes a Type 47 full liquor license (Value $60,000), fully equipped kitchen, bar and restaurant, four walk-in refrigerators, a 20 feet line kitchen complete with ovens, broilers, fryers, six reach in refrigerators, multiple flat screen TV's and bar and restaurant seating for over 150. Large outdoor Bar and Yard catering to many wedding receptions. Ample parking for 40+ vehicles. On main Hwy with high visibility & signage with a superb locals reputation. There are many more attributes worth mentioning and the seller would be delighted to show the property to well qualified buyers. Don't miss out on this great business opportunity.

General Info

  • OrganizationContact For Info
  • Established1960
  • Current Owner2002
  • Employees25 part time employees
  • Reason For SaleRetirement

Facilities

  • SeatingRestaurant 150 with outdoor Banquet area and further Patio seating
  • Square Feet4000 Indoors & 1200 Patio and Garden
  • Parking40+
  • LicensesBusiness, Type 47, Health
  • Open HoursMON-SUN 11.30AM-1.00AM

Lease

  • Rent$4,200
  • Expiration2017
  • Yearly Increase2% every two years
  • Option5 year
  • Deposit$3,500

Financials

  • Monthly Revenue$75,000
  • Monthly Cash Flow$15,000
  • Annual Revenue$900,000
  • Annual Cash Flow$180,000
  • Payroll$$18,000

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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