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#3262
Lake Tahoe

Lake Tahoe Sports Bar and Grill with Full Liquor License

$149,000
Sold
Lake Tahoe Sports Bar and Grill with Full Liquor License
This Listing is Sold

Owner is highly motivated to sell and had just reduced the price to an all time low. $149,000 and that includes a Full Liquor License which have recently sold in El Dorado County for $85,000. We present this unique opportunity to own and operate one of Tahoe's Sports Bars on a major thoroughfare. This is an Asset sale, combined with a valuable El Dorado Full Liquor License and many years of goodwill. The interior of this business is all wood finished and shows beautifully. Take a look at the photos and you'll fall in love with this bar. You've got to see it!

LOCATION: Situated on the main Hwy, at the entrance to South lake Tahoe, less than 4 miles from the Casino's and scheduled new Convention Center at the State line Nevada, South Lake Tahoe, California. This unique Sports Bar and Grill sits in a free standing building.

REAL ESTATE: You can also buy the real estate for this business for an additional $800,000.

LEASE TERMS: The fantastic lease terms make this restaurant and bar opportunity one of the best you’ll find in this market. Total monthly rent is only $3,200 for 4,500 total usable square feet. Folks!! THAT’S less than $1.00 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 3% or the consumer price index.

Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent in South Lake Tahoe. This restaurant’s incredible lease terms make it Extremely possible to make a profit. Many upgrades were completed in 2007 with around $50k spent on the remodel.

HISTORY: Buy the existing Sports Bars long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Full Liquor License OR bring Your Own concept and take advantage of the fantastic lease terms, furniture, fixtures, equipment.

FINANCIAL PERFORMANCE: The seller has shared that the monthly sales are quite consistent. The Seller will gladly discuss the monthly sales averages and expenses with a serious buyer.

The Seller has stated that the business was extremely strong in previous years prior to the downturn in the economy. This is a great indication this will repeat with increased stability in the economy. The many wedding receptions and private parties in Lake Tahoe could be captivated utilizing the Garden area. This would make a great live music nightspot for the locals and tourists alike and has an intimate club like feel.

LIQUOR LICENSE: An El Dorado County, type 47 Full Liquor License is included with the sale as are all the assests, fixtures and fittings. These liquor licenses alone have sold for around $85,000 recently. Therefore the price being asked is extremely Lowl for a quick sale.

HOUR OF OPERATION: Presently the Bar is open for limited hours. There is huge scope to increase business by opening for Lunch and Dinner, seven days a week, especially in this Tourist location.

REASON FOR SELLING: The Seller has many outside business interests and in 2010 was totally absentee This your opportunity to own and run your very own Bar in Lake Tahoe California.

SELLER FINANCING: If you require financing towards the purchase of the restaurant, the seller is offering financing to a qualified buyer. Ask for details. (terms of financing to be negotiated with seller)

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.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Lake Tahoe
Lease Term:
New Lease Expires 2016 + 10yr Option
Total Monthly Rent:
$3,200
Security Deposit:
$3,200

Financials

Last Year's Annual Gross:
$350,000
Last Year's Food Cost %:
45
Last Year's Payroll Cost %:
35

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
6
Hours Open:
Limited at present as owner is absentee.

5pm - 2.00am
Year Established:
1990
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
100
# of Parking Spots:
40
Inside Sq. Ft.:
1400
Outside Sq. Ft.:
3000

Highlights

  • Lake Tahoe Full Liquor License Type 47
  • Superb Sports Bar and Grill
  • Price reflects a quick sale
  • 50k Refurb in 2007
  • Turn Key operation
  • Well known Sports Bar in Town
  • Super Large Outdoor Garden
  • 1/2 acre with ample Car Lot
  • So much potential!
  • In the past this was a $700,000 grossing Bar
  • Established for some 25 years
  • Seller is willing to carry 25% of the sale

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%
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

Notice: 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.


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