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#3283
Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lake Tahoe Restaurants For Sale

The Perfect, Turn Key Opportunity to own this Popular Restaurant in Lake Tahoe

$329,000
The Perfect, Turn Key Opportunity to own this Popular Restaurant in Lake Tahoe
This Listing is Expired

Are you looking for a profitable restaurant in one of the nations vacation hot spots where there are 10 months a years of crowds - skiing and gambling in the winter and spring - and lake activities and gambling in the Spring, Summer and eraly fall!  

Then take a look at this wonderful business with great profit from tax returns. 2012 profit alone was about $150,000. This is one busy place and you have to see it to realize the little gold mine this place it. 

And what makes this business even more attractive, the seller will consider carrying part of the purchase price for a qualified buyer. 

This business has operated for more than 9 years, so there is an established customer base for you to take over. The kitchen was recently upgraded. 

In 2012 the revenues were $815,000 with $350,000 from the catering business. 

There is a type 41 beer and wine license.

This is a Paramount Restaurant Brokers, Inc. Listing

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lease Term:
Expires 2013 + 2 x 5yr Options
Total Monthly Rent:
$6,000
Security Deposit:
$5,500

Financials

Last Year's Annual Gross:
$815,000
Last Year's Owner's Cash Flow:
$149,611
Last Year's Food Cost %:
29
Last Year's Payroll Cost %:
28
Last Year's Rent %:
10.5

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
10
Hours Open:
DAILY 11.00AM - 9.00PM
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
150
Outdoor Seating:
50
# of Parking Spots:
16
Inside Sq. Ft.:
3,367
Outside Sq. Ft.:
800

Highlights

  • Great Lake Tahoe Location
  • Long Seasons
  • Great 2012 Financial Results
  • Recently Remodeled Kitchen
  • Fairly New Building
  • Great Location on a major Hwy
  • Proftable Catering with a Great Reputation
  • High visibility with large signage
  • Free Standing Building only 10 years old
  • This is a successful and popular business

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

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 Stone Path Brokerage Services, 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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