The price is reduced to $500,000 for this 3,815 sq ft Restaurant & Bar with 1,500 sq ft patio with profits of $230,000 annually. Prime Lake Tahoe location next to the Casinos at California Nevada Stateline with many high quality hotels and a currently being built conference center. No expense has been spared on the original build-out just a few years ago. There is a ABC type 47 hard liquor license included with indoor seating capacity of 125 plus a huge patio seating a further 80, but the owner will sell for $350,000 without the Liquor License. Annual revenues of $1.6 achieved with minimal marketing or advertising. This is a superb location and will be most sought after by the experienced restaurateur who can envisage the planned future redevelopment currently in the works. This is an opportunity for an investment into this fast growing community with world renowned skiing, casino's and of course, the picturesque playground of Lake Tahoe.
Bar revenues are only 17% of the total so there is huge room for an increase in alcohol sales. The kitchen is fully loaded with a 15ft Type 1 hood and fire suppression system & two 36" flat top grills, 1 broiler, 2 deep fryers, smoker, 6 burner stove with oven, salamander, large walk-in, 2 upright freezers with ample refrigerated worktops. 20ft bar with barstool seating for 12, 12 beers on tap and POS system with glass fronted refrigerated reach-in's making for a fully working hard alcohol bar with TV's all around. Ample storage with a combination of booths and table seating and a massive patio with fabulous mountain views plus a large parking space. The current concept works well and is in demand but a new owner could alter to suit. The size and location of this restaurant is a rare commodity in Lake Tahoe and will generate great interest by locals and city folks looking to invest in this beautiful area. There are also 17 years remaining on the current lease.
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 name and address of this business opportunity along with full financial information, lease & full 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.
- Current Owner2016
- Reason For SaleOther Interests
- Seating125 + 80 Patio
- Square Feet3,815 + 2,000 Patio
- LicensesHealth, Business & ABC Type 47 Licenses
- Open Hours10.00am - 10.00pm Daily - (Seasonal)
- Yearly IncreaseContact for Info
- OptionThree 5 year options - (2039)
- Monthly Revenue$140,764
- Monthly Cash Flow$19,000
- Annual Revenue$1,689,158
- Annual Cash Flow$230,000
- Down PaymentContact For Info
- Note BalanceContact 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.