Currently filming the new "Top Gun" movie at this Bar & Restaurant which will promote this business tremendously and probably attract a huge amount of tourists once this blockbuster movie hits the box office. So MAKE an OFFER on this turn-key Bar and Restaurant with great staff 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 at only $832. 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. 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. 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. The large space and amazing views are a plus for the many parties and events that are hosted here. The mountain views are spectacular with all glass frontage and nice outdoor seating to accommodate up to 30 people. 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, which is serviced every 6 months at landlords expense, walk-in cooler. In 2016 the kitchen was upgraded and many appliances were replaced with new ones, including an Imperial 6 burner stove/flat-top with oven, Turbo air deluxe freezer & refrigerator, Avanco under counter fridge and Manitowac Ice maker. Other appliances include a double deep fryer, charbroil grill, 2 door upright reach-in fridge, sandwich prep fridge, and ample stainless steel work surfaces and a pass though dishwasher. The large hand cut slab pine bar seats 13 patrons and has additional high top tables in the bar area. Also included is a traditional pool table. The dining area currently seats 40, but could be arranged to allow for more seating. All combined, there is 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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