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#3697
Lake Tahoe
Lake Tahoe

Mexican Restaurant for sale Lake Tahoe with Large Yard - Great Views - Low Rent

$79,000
Sold
Mexican Restaurant for sale Lake Tahoe with Large Yard - Great Views - Low Rent
This Listing is Sold

Don't miss this great opportunity to own and operate one of nicest Mexican restaurants for sale in Lake Tahoe. This is an opportunity to be your own boss for minimal investment. You can enjoy the Tahoe summer outdoor and winter skiing lifestyle while making a good living.


This business is turn-key and fully equipment for operations with everything running and in good condition. You can walk in today and enjoy the operational success of this great product. Take a look at the photos, list of equipment, and stop by for a Taco and you'll see just how good it is.

LOCATION: Situated on the main highway at the entrance to South Lake Tahoe and all of South Tahoe’s hotels and residential subdivisions. The coming of the divided highway from Reno and building of the convention center in South Lake Tahoe offers great potential to the area. The location is highly visible and has plenty of free parking. This opportunity would suit a Chef looking for his first own venture or a couple wanting a change of pace from the city and enjoying the benefits of ownership while living in the mountains. 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 views of the Tahoe Mountains.:)

LEASE TERMS: The fantastic lease terms make this restaurant opportunity one of the best you’ll find in Tahoe. Total monthly rent is only $2,200 for 1,700 total usable square feet indoors and 3000 sq ft of beautifully ourdoor garden. Folks!! THAT’S ONLY $1.29 per square foot. Not only is that amazing monthly rent, the lease terms get even better. The monthly rent is FIXED at this rate and increases ONLY by 2% at every 4 year lease option. The lease has 1 1/2 years to run plus 2 x 4 year options. Many upgrades to the restaurant were completed in 2010 with in excess of $20k spent on a new Kitchen and a further $10k on the outdoor garden. This is truly in perfect condition, perfect location in a perfect location, Lake Tahoe!.
 

HISTORY: This location has hosted a successful restaurant for many years. This is an opportunity to buy this existing Mexican restaurant’s long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and beer and wine license OR bring your own concept to the location.

HOUR OF OPERATION: Presently the Restaurant is open for 10.00am to 9.00pm daily. There is huge scope to increase business with residential delivery and party's, especially in this Tourist location.

REASON FOR SELLING: The Seller has made improvements to the physical restaurant and established it as one of the best in South Lake Tahoe. The Seller also owns 2 other construction businesses in the Central Valley and needs to move there and take care of those businesses.

TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.

Paramount Restaurant Brokers, Inc. Listing

  A California Corporation

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

Lease

Region:
Lake Tahoe
Lake Tahoe
Lease Term:
Expires September 2014 + 2 x 4 year options
Total Monthly Rent:
$2,200
Security Deposit:
$2,200

Financials

Last Year's Annual Gross:
$160,000

Operations

Liquor License:
41
# of Part-Time Employees:
3
# of Family Employees:
2
Hours Open:
Summer 10.00am - 9.00pm
Winter 11.00am - 8.00pm
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
30
Outdoor Seating:
50
# of Parking Spots:
25
Inside Sq. Ft.:
1700
Outside Sq. Ft.:
3000

Highlights

  • Tahoe Lifestyle.
  • Beautifully Appointed and completely Turn Key
  • Huge improvements made in 2011
  • Well Established with a great reputation
  • Full Kitchen Hood for all types of Menu
  • Seating for 30 indoor
  • Large Storage area with office
  • Huge Patio and Garden with 50 seats
  • Ample Parking
  • Completely fitted out with stone floor
  • Extremely low Rent for the area
  • Great Location and Opportunity

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

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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