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Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale

Lake Tahoe...... Pizza/Deli...Bar...Liquor Market.

$24,000
Lake Tahoe...... Pizza/Deli...Bar...Liquor Market.
This Listing is Expired

Seller closed the doors due to serious health issues and dropped the price for immediate Sale...this would be sold as an asset sale ...AS IS....Great Location in Incline Village, Tahoe...Nevada side.

Pizza/Deli restaurant with Bar

Full Liquor Bar with L-1 Tavern, L-2 Package Liquor licenses

Located in Beautiful North Shore Lake Tahoe on the main Boulevard surrounding the Lake.

This village is known as a haven for business and wealthy individuals from California. As of the census of 2010, there were 8,777 people, 3,765 households a Washoe County, Nevada on the north shore of United States Census Bureau 2010, the CDP has a total area of 21.7 square miles For the period 2007-2011, the estimated median annual income for a household in the CDP was $78,375, and the median income for a family was $93,831. Estimated median house or condo value in 2012: $517,812.

The business take up the entire first floor of a freestanding building with easy access to the main Boulevard and Lake.

Buyer will need to invest in improvements and some additional equipment.

Landlord is willing to work with a qualified perspective Tenant.

Decor is casual with a rustic feel, ample parking and Great Visibility.

The Pizza/Deli business did well and was rated as one of the Best in Town. Pizza does delivery. Kitchen has  pizza oven.... does have type II hood system.

The  Bar also does well with Locals, Skiers and Tourists and is the place to go for Events and Holiday Parties!

This is an asset sale and buyer will be paying closing costs.

Good Lease at $6,983 for approx. 4,246 sqf. New lease required. Must have good credit and experience.

2013 Taxes show $629,667 sales 

A comprehensive marketing plan and social media strategy would enhance profits.

Reason for selling: health.

 

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lease Term:
Expires Jan. 31st 2017 + 2- 5 year options
Total Monthly Rent:
$6,983

Financials

Last Year's Annual Gross:
$628,667
Last Year's Owner's Cash Flow:
$188,207
Last Year's Food Cost %:
44.9
Last Year's Payroll Cost %:
8.8
Last Year's Rent %:
11.2

Operations

Liquor License:
L-1,L-2
# of Full-Time Employees:
6
# of Part-Time Employees:
4
# of Working Owners:
1
Hours Open:
8-4am 7 days
Year Established:
2011

Facilities

Indoor Seating:
40
Outdoor Seating:
10
Inside Sq. Ft.:
4,246

Highlights

  • Priced to sell due to health issues.
  • Beautiful North Shore Tahoe
  • Full Liquor
  • Package Liquor
  • Business Friendly Nevada and CA close!
  • Easy restaurant concept

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 3-mi. 5-mi
2014 Total Population 5,025 5,025
Households 3-mi. 5-mi
2010 Number Of Households 3,849 3,890
2010 Persons Per Household 2.28 2.28
Median House Value $679,000 $671,843
Income Per Household $71,366 $71,239
Businesses 3-mi. 5-mi
2009 Number Of Businesses 467 559
2012 Number Of Employees 7,592 8,520
2012 Total Annual Payroll $171,509,000 $190,851,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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