The Real Estate is included with the sale of this renowned Restaurant located in South Lake Tahoe with 4.5 stars. "The inside... wow... we took pictures for ideas for our own home! It's BEAUTIFUL! The service was impeccable and the food... wow... my favorite meal in Tahoe, hands down!" Five years ago the current owners completed a "to the studs" complete remodel including all new appliances, hood, roof, wiring, plumbing, fixtures, epoxy kitchen floor in the kitchen, lighting, HVAC, etc. This upscale, modern yet truly authentic Tahoe gem with a mountain chic vibe has given The Lake House restaurant an enviable platform to showcase their inspired menu and wine list, along with 8 craft beers on tap. 2021 has witnessed exceptional business growth on less than 20 hours per week. The opportunity to be open 7 days and for lunch could easily double sales revenues. An outdoor patio has already been through the design process and been approved by the city for construction. Fully equipped kitchen with 12ft Type 1 hood with fire suppression system all completed to an extremely high standard. The dining room seats 80 and the bar area has room for 8 at the bar and 6 at bar tables. There is an enclosed outdoor patio and the attached vacant lot is also fully fenced. Originally built in 1987, there are 2 parcels included with the sale. 2,336 sq ft Real Estate restaurant building with an additional 29,185 Sq. Ft for parking plus a vacant parcel of 23,615 sq ft, giving a total of 1.17 acres. Purchasing the Real Estate is the smart business decision which allows the owner complete control while enjoying the annual increases in RE and the profitability of the business to enjoy all that Tahoe has to offer with skiing in the winter and all the outdoor activities Lake Tahoe excels in during the summer months. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the full financial information & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. In the meantime, check out their website at www.thelakehousetahoe.com

General Info

  • OrganizationLLC
  • Established1987
  • Current Owner2016
  • Employees18
  • Reason For SaleOther Interests

Facilities

  • Seating88 Indoors, 40 Outdoors
  • Square FeetBuilding 2,336 + 1.17 Acres
  • Parking40+
  • LicensesHealth, Business & ABC Type 41 Licenses
  • Open Hours5.00pm. - 9.00pm Daily

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue Contact for Info
  • Monthly Cash Flow Contact 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.

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