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.
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Paramount Restaurant Brokers, Inc. Listing
A California Corporation
|2014 Total Population||18,802|
|2010 Number Of Households||12,436|
|2010 Persons Per Household||2.36|
|Median House Value||$353,200|
|Income Per Household||$46,859|
|2009 Number Of Businesses||828|
|2012 Number Of Employees||14,824|
|2012 Total Annual Payroll||$243,370,000|
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