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#2336
Lake Tahoe

Price Heavily Reduced to Sell Fast! Tahoe Full service Restaurant & Bar with Real Estate & Valuable Hard Liquor Included

$895,000
Sold
Price Heavily Reduced to Sell Fast! Tahoe Full service Restaurant & Bar with Real Estate & Valuable Hard Liquor Included
This Listing is Sold

Prime opportunity, at a greatly reduced price.

Own and operate one of Tahoe's premier restaurants including the valuable real estate. Situated less than a mile from the scheduled new Convention Center at the Stateline of California/Nevada, South Lake Tahoe, this restaurant is located in a free standing building has a full liquor bar - and liquor licenses in El Dorado County have sold for $200,000+.

This restaurant building was built originally in 1975. It features 3,000 Sq Ft inside accommodating approx 100 seats with a large 2,000 sq ft outside fenced patio and garden area seating another 100. There is ample parking on an approx 0.50-acre lot. It was originally designed to operate on the first floor only and has since been expanded to include a 2nd floor Bar/Pub and late night music venue. On the first floor there is a quaint dining room and Cocktail bar with an extensive Wine list which complements the upscale dining menu. Many upgrades were completed in 2006 with around $125k spent on remodeling and modernizing both the Pub and Restaurant.

The show Kitchen sits proudly in the middle of the building allowing service for both floors to be easily accommodated. The building stands alone and makes the perfect setting for a sit-down full service dinner or a casual drink in the garden glancing at the Lake and Mountains.

The many wedding receptions and private parties served are witness to Tahoe's beauty and the buildings versatility to accommodate groups and events without losing the many regular customers. The 2nd floor, popular Bar/Pub is one of Tahoe's happening nightspots for the locals and tourists alike and has an intimate club like feel. The contemporary menu has no competition in town and has been developed to encourage tastes from around the globe. A high value, El Dorado county, type 47 Full Liquor License is included with this sale. These Licenses typically sell in the hundred thousand dollar range.

Presently only the Pub on the second floor is open for Lunch and Dinner while the 1st floor Restaurant is only open for Dinner, therefore there is huge scope to increase business by opening for Lunch, seven days a week, especially in this Tourist location.
SBA financing could be arranged for extremely qualified and experienced buyers.

Annual sales at this restaurant in the recent past have exceed well over $1 million. Unfortunately the current operator has not done a great job at building the business for whatever reason. There is nothing but upside and great opportunity here for not only adding lunches but also catering and special events like weddings and anniversaries.

The agent of this listing owned this business many years ago and can provide the history of the business' performance.

TAKE THE NEXT STEP. Do you want to know what restaurant this is? Then become a memeber of SellingRestaurants by simply selecting the golden button titled "want name and address."

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:
Real Estate For Sale

Operations

Liquor License:
47
# of Full-Time Employees:
1
# of Part-Time Employees:
12
Hours Open:
7 Days a week
From 11.00am - 1.00am
Year Established:
1975
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
100
# of Parking Spots:
28
Inside Sq. Ft.:
3000
Outside Sq. Ft.:
2000
Lot Dimension:
150 x 120
Lot Sq. Ft.:
18600
Total Building Sq. Ft.:

Highlights

  • One of Tahoe
  • Established since 1975
  • Sale includes Real Estate
  • Free Standing Building in excellent condition
  • Good Kitchen with plenty of space
  • Beautifully decorated throughout
  • Huge scope to increase sales to well over $1 million
  • Great Reputation in the aera
  • Situated on Busy Hwy, very close to Interstate 50
  • Decorated to a high standard
  • High visibility and good signage
  • A Real Gem for Buyers looking to move from the City

Financing

Will SBA Finance:
Yes
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

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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.


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