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#3269
Lake Tahoe Restaurants For Sale

Be The Landlord For This Sports Bar and Grill in South Lake Tahoe

$800,000
Be The Landlord For This Sports Bar and Grill in South Lake Tahoe
This Listing is Expired

We Present present this unique opportunity to be the landlord and own a piece of Lake Tahoe Commercial Real Estate market. This is an opportunity to own the Land and Buildings while collecting rent from one of Lake Tahoe's premier Sports Bars.

AREA DEMOGRAPHICS: This Sports Bar and Grill is located in the lively city of South Lake Tahoe with great income levels and many tourists during the Ski and Summer seasons. The tourist season in Lake Tahoe runs November - April and June-September. Household Income Levels and restaurant sales volume expenditures within the area are strong. The business is also for sale separately and the seller will combine the two with a valuable El Dorado Full Liquor License and 21 years of goodwill. Situated on the main Hwy, at the entrance to South Lake Tahoe, less than 4 miles from the Casino's and the scheduled new Convention Center at State line Nevada, South Lake Tahoe, California.

This unique bar and grill building was originally built in 1939, featuring 1,400 Sq Ft inside, accommodating approx 60 seats with a large 3,000 sq ft outside fenced patio and garden area seating another 100. There is ample parking on an approx 0.50-acre lot. The Bar is a great late night music venue. There is a large wood finished Bar and a beautifully appointed super large outdoor garden. Many upgrades were completed in 2007 with around $50k spent on a remodel. The Kitchen is small but ample for the type of Sports Bar and Grill menu currently used. The building stands alone and makes the perfect setting for a casual service dinner or drink in the garden glancing at views of the mountains. This is a great nightspot for the locals and tourists alike and has an intimate club like feel.

RESTAURANT FEATURES: The restaurant features views of the Mountains from the dining room and outdoor patio. A large hood system with Ansul suppression system, walk-in refrigerator, burner range with oven, fryers, a large area for storage. There is also a large storage building, stand alone in the Car lot.

CAPITALIZATION RATE: Rental gross income currently $56,400.00 per annum.
Cap Rate of 7% achieved.

REASON FOR SELLING: After working the restaurant and bar for the past 4 years, the owner, who has many other business interests and has been absentee for most of 2010, has decided to concentrate on his other business interests.
Very few restaurants sell with Real Estate which makes this opportunity a Shrewd investment.

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This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Lake Tahoe Restaurants For Sale

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
6
Hours Open:
Limited to evenings only
Year Established:
1990
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
100
# of Parking Spots:
40
Lot Dimension:
100 x 220
Lot Sq. Ft.:
21780
Total Building Sq. Ft.:

Highlights

  • Commercial Restaurant Real Estate for Sale
  • Premier Location
  • Situated on main Highway
  • Seller would combine Business sale
  • 7% Cap Rate
  • Well known Sports Bar in Town
  • Super Large Outdoor Garden
  • 4500 sq ft of usable business area
  • Large car Lot
  • Ample Storage
  • Priced Competitively
  • An Opportunity not to be missed

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 18,802
Households 5-mi
2010 Number Of Households 12,436
2010 Persons Per Household 2.36
Median House Value $353,200
Income Per Household $46,859
Businesses 5-mi
2009 Number Of Businesses 828
2012 Number Of Employees 14,824
2012 Total Annual Payroll $243,370,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.


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