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#3601
Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lake Tahoe Restaurants For Sale

Lake Tahoe Full Service Restaurant and Bar with Type 47 License.

$395,000
Lake Tahoe Full Service Restaurant and Bar with Type 47 License.
This Listing is Expired

This Bar and restaurant has been under the same ownership for many years and is well known in Tahoe. Featuring over 5,000 Sq Ft of total usable space. The Rent is less than 7% of sales, which are upwards of $1 million, making this one of the least expensive commercial rents in Lake Tahoe.

The Lease has many years left to run.

The building is free standing with high visibility signage situated right on a main Hwy.

There is a Type 47 full Liquor license which is an extremely valuable asset and is included with the sale.

Open seven days a week there is ample opportunity to expand the business with an enthusiastic operator.

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

There is nothing but upside and a great opportunity here .

This Sale is highly confidential and all inquiries must be made with the agent.

Only well qualified buyers with sound resources and years of experience will be considered.

A Paramount Restaurant Broker, Inc. Listing

Sacramento Regional Manager Keith Simpson

Lease

Region:
Reno Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lake Tahoe Restaurants For Sale
Lease Term:
Expires July 2017 + 5 year option
Total Monthly Rent:
$4,100
Security Deposit:
$4,100

Financials

Last Year's Annual Gross:
$924,734
Last Year's Owner's Cash Flow:
$170,240
Last Year's Food Cost %:
31.8
Last Year's Payroll Cost %:
22.9
Last Year's Rent %:
6.9

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
18
Hours Open:
11am - 1.00am Daily
Year Established:
1975
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
40
# of Parking Spots:
40
Inside Sq. Ft.:
5,000

Highlights

  • Private and Confidential Sale. Contact Agent.

Financing

Down Payment:
$300,000
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%

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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