Bar and Restaurant with all the staff and manager in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest rent in South Lake Tahoe, probably California. There is a long lease in place (to 2031) with monthly rent of only $816. The landlord pays for the bathroom upkeep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. The growing sales & growing revenues are all achieved with an absentee owner. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. The owner & manager will train the buyer to successfully operate the business and the owner may carry a portion of the sale to well qualified buyers with excellent financials and with Bar/Restaurant experience. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. many parties and events are hosted as the large space and views lend itself well to host the many events currently on the books for 2018/2019. The mountain views are spectacular with all glass frontage and nice 30 seat patio and 2,800 square feet of usable bar and restaurant space. The high value El Dorado County ABC Type 47 hard liquor license is included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have recently sold for $120,000. On the food side the kitchen has a type 1 hood with fire suppression system, walk-in cooler, 6 burner stove with oven, double deep fryer, 3 door upright fridge and ample stainless steel work surface. The bar with it's 13 barstools and 9 further tables with 24 barstools seating 37 in total, plus a traditional pool table combined with the dining room's 40 chairs and tables giving a total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Sierra Nevada Mountains. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & 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
  • Established1996
  • Current Owner2016
  • Employees7
  • Reason For SaleOther Interests

Facilities

  • Seating80 + Patio 30
  • Square Feet2800
  • Parking100+
  • LicensesHealth, Business and ABC Licenses
  • Open HoursMon - Fri 11am - 12am, Sat & Sun 9am - 12am

Lease

  • Rent$816
  • Expiration2021
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year Options
  • Deposit816

Financials

  • Monthly Revenue$36,170
  • Monthly Cash Flow$5,834
  • Annual Revenue$434,033
  • Annual Cash Flow$70,000
  • Payroll$$11,567

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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