This is an excellent opportunity for a well qualified restaurant operator or to enjoy Lake Tahoe living and the upside of the seasonality in the area to be able to enjoy vacations during the off-season months. Get out of the big city and bring up your family in the mountains where sunny summer lakeside and snowy winter skiing are a way of life. A husband and wife family team would really do well here as this safe, busy town would welcome good food and a smile at this long established restaurant. This restaurant has had an enviable reputation in the past and the landlord is willing to accept a well qualified tenant with a new lease to freely operate this restaurant as they wish. An ABC type 41 beer and wine license is included as well as a fully fitted, working restaurant with 50+ seats and a super clean working kitchen. The price of $99,000 includes all the equipment, beer and wine license and years of goodwill. The kitchen: double fryer, char-broiler, 6 burners, double ovens, flat top, 12ft hood with modern fire suppressant system, refer work tops, walk-in cold room and ample prep and dish wash area's. Dining Room: 10 seater counter/bar seats, 50 chairs and tables, wooden floor, ADA restrooms, POS system and TV's. The building is a free standing, single story restaurant and has ample room for outside dining with chairs, tables and umbrella's. The location near Truckee and I-80 is a real plus. The 5 month busy summer and 5 month busy winter allows the owners to enjoy plenty of time for vacations during the off season months. Enjoy the mountains and Lake Tahoe area living by owning and operating a good size restaurant in this booming town.

General Info

  • OrganizationContact For Info
  • Established1965
  • Current Owner2011
  • Employees2 Full time & 6 Part time
  • Reason For SaleRetirement

Facilities

  • Seating50
  • Square Feet2000 approx.
  • Parking50+
  • LicensesHealth, Business and ABC Type 41
  • Open Hours7am - 7pm Daily

Lease

  • RentNew Lease-TBD
  • ExpirationNew Lease-TBD
  • Yearly IncreaseNew Lease-TBD
  • OptionNew Lease-TBD
  • DepositNew Lease-TBD

Financials

  • Monthly Revenue$25,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$300,000
  • Annual Cash FlowContact For Info
  • Payroll$Contact For Info

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.

Location