The asking price has been reduced to $245,000 for this premier Restaurant, Bar & Catering Businesses in Lake Tahoe with annual revenue in excess of $1 million established since 2003. The seller may also carry a portion of the sale to well qualified, experienced buyers with good financials & credit. The main dining room seats 100 with 6 barstools at the bar and an outside Patio area for a further 30 plus a private dining room seating 100. The modern kitchen is fully equipped with a 10 burner stove with double oven, broiler, convection ovens, deep fryers and ample refrigerated worktops plus a walk-in cooler with large dry goods storage. Catering is also a major revenue earner especially in the summer months. This business is well connected to the incredibly busy South Lake Tahoe wedding industry and caters many receptions in their own private dining room and has a fixed site catering contract at a lakefront location. This is a major opportunity for a new owner to take over a business for $245,000 with such an enviable reputation while also growing the revenue and profits. Current sales exceed $1 million with low rent and a long lease available. Located on a major thoroughfare this excellent size business has 16 years of goodwill with a solid future. Please complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity 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.
- Current Owner2003
- Employees18 + Catering on Demand
- Reason For SaleOther Interests
- Seating206 + Patio
- Square Feet3367
- ParkingParking Lot + Street
- LicensesHealth, Business & ABC Type 41 License.
- Open HoursMonday - Friday 11am - 8.30pm Saturday & Sunday 8am - 8.30pm
- Rent$6,807 Including NNN
- Yearly Increase3%
- Option5 year Option
- Monthly Revenue$84,026
- Monthly Cash Flow$6,917
- Annual Revenue$1,008,308
- Annual Cash Flow$83,000
- Down Payment$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.