Price Reduced to $139,000 for this profitable, modern 2,150 square feet bar and restaurant with extremely low monthly rent. Annual sales in excess of $500,000 with profits of $98,000. You would get you investment back in virtually 1 year! This is a superb location and close by the new Wholefoods store currently under construction and due to open in late 2018. Using state of the art technology with online booking and catering ordering using a 'Toast' POS system and Inventory management system. This opportunity would suit a chef & partner team working both the kitchen and front of house and as a 'Bonus' the owner is willing to carry a portion of the purchase to well qualified Buyer's with experience and good credit. Fully loaded kitchen with a 12' hood complete with fire suppression system, 4 burner stove with oven, 2 large smokers, deep fryer, broiler, flattop, large walk-in cooler, refrigerated worktop, ample s/s additional worktops and Hoshizaki ice maker. The whole bar and dining room has a modern, industrial atmosphere with 12 barstools plus 2 ADA seats with additional high bar tables and chairs, while the spacious dining room has hardwood tables and chairs placed on a solid concrete floor for ease of maintenance. The outdoor patio has a "Pek -a -Boo" view of the Lake with ample seating for 40 plus an additional side patio seating a further 25. The monthly rent is only $4,000 inclusive of NNN, which is very low for this busy main Hwy location. Check out this Lake Tahoe bar and restaurant and enjoy a lifestyle in the mountains. Please complete the 'Non Disclosure Agreement' on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established1980
  • Current Owner2015
  • Employees6
  • Reason For SaleOther Interests

Facilities

  • Seating80 Indoors + 40 Patio + 25 Patio
  • Square Feet2150
  • ParkingStreet
  • LicensesHealth, ABC Type 41 Beer & Wine Licenses
  • Open Hours11.30am - 9pm Daily

Lease

  • Rent$4,000 inc NNN
  • ExpirationJuly 2020
  • Yearly Increase3%
  • OptionNegotiable
  • Deposit4000

Financials

  • Monthly Revenue$41,600
  • Monthly Cash Flow$8,167
  • Annual Revenue$500,000
  • Annual Cash Flow$98,000
  • PayrollContact 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