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#3084
Reno Carson City
Lake Tahoe

Profitable Authentic Japanese Restaurant in Lake Tahoe

$150,000
Sold
Profitable Authentic Japanese Restaurant in Lake Tahoe
This Listing is Sold

At $150,000. It's a steal at this price as this is one of those unique opportunities to own and operate an authentic Japanese Restaurant in South lake Tahoe that makes an adjusted net profit in excess of $100k on the tax returns! Situated in central town about 2 miles from the scheduled new Convention Center at the State line of California/Nevada, South Lake Tahoe, located in a free standing building surrounded by a large Car lot.

This restaurant has been under the same ownership since 1984 (26yrs) and is probably the most well known Asian Restaurant in Tahoe. Featuring 3,000 Sq Ft of space. 2000 sq ft dining room & 1000 sq ft preparation kitchen and storage. The Seller has successfully negotiated a rent reduction for a 2 year period. Now just $3,800 per month for a 3000 sq ft restaurant, making this one of the least expensive commercial rents in Lake Tahoe. The Dining room accommodates approx 100 seats with a Beer/Wine Bar and beautiful Sushi Bar. There is ample parking on an approx 0.50-acre lot.
The whole Dining room has been recently refurbished to a very high standard with many upgrades including the intimacy of a special private room, making this opportunity totally turn key. No further investment is required. It looks and feels absolutely new and clean.

The open Sushi Bar sits proudly to one side and is a real favorite with locals and tourists alike. The building is free standing with high visibility signage situated right on the main Hwy.

There is a Type 41 Beer and Wine license which is included with the sale.

Open for Dinners only, seven days a week there is ample opportunity to expand the business, opening for the busy lunchtime experienced by most other restaurants in town.

$150,000. You couldn't find a better deal and the opportunity to start a new life beginning in 2012. Don't hesitate as at this price, this restaurant will sell fast!

SBA financing could be arranged for extremely qualified and experienced buyers.

There is nothing but upside and great opportunity here for not only adding lunches but also catering special events.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Reno Carson City
Lake Tahoe
Lease Term:
Expires November 2012 + 2 x 5yr options
Total Monthly Rent:
$3,800
Security Deposit:
$3,800

Financials

Last Year's Annual Gross:
$475,131
Last Year's Owner's Cash Flow:
$102,502
Last Year's Food Cost %:
45.1
Last Year's Payroll Cost %:
6.3
Last Year's Rent %:
11

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
5
# of Family Employees:
2
Hours Open:
5.00pm - 9.30pm
Seven nights a week
Year Established:
1984
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
# of Parking Spots:
25
Inside Sq. Ft.:
3000

Highlights

  • Only $150,000 for this Beautiful Japanese Restaurant
  • Only $3,800 per month rent!
  • Rent reduced until November 2012
  • $100,000 Profit per year and trading well
  • Busiest season approaching - Winter
  • Situated on main Highway
  • High visibility and Signage
  • Huge preparation Kitchen and Storage
  • Large Car Lot
  • Same owners for 26 years
  • Only open in the Evening
  • Huge opportunity to increase sales with lunches

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

click for more demographic info

Disclaimer

DISCLAIMER: 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 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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