Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#2159
Lake Tahoe

A Real Gem of a Bar, Restaurant & Catering in a Superb Location in Lake Tahoe

$275,000
Sold
A Real Gem of a Bar, Restaurant & Catering in a Superb Location in Lake Tahoe
This Listing is Sold
Selling Restaurants is proud to present this great family run restaurant and catering business. This restaurant is in an absolute 1st class, turn key condition and at this price won't be on the market for long.
This restaurant is growing 20% year on year and is succeeding above its competition due to the broad experience of the Owners and a high reputation in town. Situated on a main road, this business is very capable of achieving $1million +. The building is only 7 years old and comes with a 2 yr remaining plus 2 further 5 yr Lease options for a total 12 yrs. The present owners have created a superb reputation in the area and run a profitable and highly respected restaurant and catering business.
No further investment is required and makes for an INSTANT turn key opportunity. Presently the owners operate the restaurant from 11.00am to 9.00pm each evening, so there is plenty of scope to increase the sales, capturing the night life.
With the location and curb appeal of the building and the reputation and atmosphere of the restaurant, plus an on site catering venue and superb word-of-mouth events marketing, this opportunity has huge potential for growth.
The building itself is in great condition and has plenty of curb appeal. 3,300 square-foot on two floors inside with a further 800 square-foot lawn patio outside. Inside, the dining room seats 50 with a large banquet room on the 2nd floor seating 100+ with it's own bar and further seating for 50 outside. There is also ample preparation area and storage space and a walk in refrigerator outside. The owners have priced this to sell quickly at $275,000. The base rent is also very competitive considering it's location at only $6000 per month ($1.60 per sq ft). The kitchen is fully equipped and efficient. The tables, chairs and decorations all come with this fully equipped and ready-to-go restaurant.

DON'T MISS OUT this opportunity has huge potential for growth.
Select the button below title "want name and address" to get the location and Submit the online confidentiality agreement.This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Lake Tahoe
Lease Term:
Expires 2013 + 2x 5yr option
Total Monthly Rent:
$6,000
Security Deposit:
$6,000

Financials

Last Year's Annual Gross:
$794,000
Last Year's Owner's Cash Flow:
$87,000
Last Year's Food Cost %:
37
Last Year's Payroll Cost %:
35
Last Year's Rent %:
13

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
10
# of Family Employees:
1
Hours Open:
Lunch 11.am - 5pm
Dinner 5.pm - 9pm
Daily
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
150
Outdoor Seating:
50
# of Parking Spots:
16
Inside Sq. Ft.:
3367
Outside Sq. Ft.:
800

Highlights

  • A Life Style change in the Mountains
  • Get away from City life and be your own boss
  • Full Financials available to qualified Buyers
  • Almost new equipment
  • 2011 bookings 20%+ on 2010
  • Great Location on major Hwy
  • High build quality of Bar, Kitchen, Restaurant and Banquet room
  • Very high reputation in town
  • Appointed to an extremely high standard
  • Premier Caterer in the area
  • High visibility and good signage
  • Building only 7 yrs old

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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.


Terms Of Use     © 2019 Powered by BBMT Inc.