Enjoy the outdoor life and beautiful rural living in Lake Tahoe. This is a tremendous opportunity and a nice business to operate in South Lake Tahoe. Absolutely 'Turn Key' with modern dining room decor and a small but efficient kitchen. An SBA loan has been approved for the business aspect so qualified buyer's with good credit and at least 5 years restaurant experience should be able to obtain a 10 year 75% loan and need only $58,000 down. The present owners have built a highly successful cafe/sandwich business in the past 6 years. The rent is extremely low at $1.50 per sq ft and a new long term lease can be negotiated with the landlord. Easy daytime only hours at present, 7.30am - 2pm, so there is able scope to increase business especially in this booming tourist town. Highly visible location on the main blvd with good signage. The restaurant has 40 seats but also has a tremendous established 'ToGo' business. All the equipment is fully owned and there are no leased equipment. The kitchen has an 8ft type 1 hood with updated fire suppression system, large Garland flattop with double ovens, 4 burner stove with oven and wall mounted salamander plus refrigerated prep table and additional work surface. Ample storage and rear door delivery entrance. The nicely decorated dining room and well appointed server station with two 2 group Espresso machines and coffee grinders and large kitchen window makes for efficient, streamline service. There are good books and records with verifiable financials available and all the staff are in place showing with good revenues and provable cash-flow. The owner will train the buyer to successfully operate this business so complete the 'Non Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & list of equipment included with the sale. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established1990
  • Current Owner2013
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating40
  • Square Feet1500
  • Parking10 & parking lot close by
  • LicensesHealth, Business & ABC Type 41 Licenses
  • Open HoursContact For Info

Lease

  • Rent$2,250 Including NNN
  • ExpirationNew Lease Negotiable
  • Yearly IncreaseContact For Info
  • OptionNew Lease Negotiable
  • Deposit2250

Financials

  • Monthly Revenue$32,918
  • Monthly Cash Flow$7,000
  • Annual Revenue$395,014
  • Annual Cash Flow$84,000
  • Payroll$$11,432

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