Premier Restaurant, Bar & Catering Asset with Real Estate in South Lake Tahoe. Annual revenue used to exceed $1.4 million. SBA loan pre-approved for 85% for 25 years. The business was operated successfully for 19 years but is now closed and the Landlord is seeking a Buyer for the Real Estate and Business Assets for $1.75 million or a well qualified Entrepreneurial Restaurateur to restart this successful business for a mere $25,000 deposit for the equipment and a monthly rent of $2.75 psf plus NNN. The main dining room seats 50 with 6 barstools at the bar and an outside Patio area for a further 30 plus a private dining room on the second floor seating 100 for the major catering events. The modern kitchen is fully equipped with an 6 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 was also a major revenue earner especially in the summer months. This business was well connected to the incredibly busy South Lake Tahoe wedding industry and catered many receptions in their own private dining room. This is a major opportunity for a new owner to take over a business and/or purchase the real estate. A long lease available and negotiable. Located on a major thoroughfare this excellent size business had 19 years of goodwill. Please complete the 'Non Disclosure Agreement' on our website and we'll send you the historic financial information & a 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. No Broker Coop.

General Info

  • OrganizationContact For Info
  • Established2000
  • Current Owner2000
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating150
  • Square Feet3246 / 10118 parcel
  • Parking10 + Street
  • LicensesContact For Info
  • Open HoursContact For Info

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$Contact 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