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#1344
Lake Tahoe Restaurants For Sale

Lake Tahoe Restaurant for Sale: First Class Restaurant on Nevada Side

$269,000
Lake Tahoe Restaurant for Sale: First Class Restaurant on Nevada Side
This Listing is Expired

Selling Restaurants proudly presents this unique opportunity to own and operate one of Tahoe's most beautifully
built Bar and Restaurants. Situated less than a mile from six Major Casinos, a new Marriott Redevelopment, and the scheduled new Convention Center at the State line of South Lake Tahoe Nevada. This restaurant facility sits on the ground floor of a free standing building. Re-build completed just 7 months ago in July of last year. There has always been a restaurant on this site since 1979 and this new facility features 3,000 Sq Ft inside accommodating 100 seats with a Patio for outside Dining seating a further 30. Using all Alder Wood, Granite and Italian Tile, no expense was spared and all the Equipment is for sale free and clear of any Lease or Rent. A $13,000 Bose Sound System and many LCD TV's. A Full Liquor License and the good size Bar seating 60 would be ideal as an Sports bar, while the separate Dining Room with it's own Fireplace lends itself for a more formal Dining experience, perhaps a Steak House as there isn't one in Lake Tahoe. There is also ample parking on an approx 0.50-acre lot.
The Modern show Kitchen sits proudly in the middle of the building allowing service for both Restaurant and Bar. The building stands alone and makes the perfect setting for a sit-down full service dinner or a casual drink in the Bar. Wedding receptions and private parties would be very suitably served in this Modern, Clean Environment and the building's versatility to accommodate groups and events without losing site of the many regular customers. The contemporary menu has no competition in the area and has been developed to encourage tastes from around the globe. It could also be converted to another concept such as Italian, French or an American Steakhouse. Presently the Restaurant is only open Thursday - Sunday from 4.00pm - 10.00pm. Suitable for a Chef/Partnership, there is huge scope to increase business by opening for Lunch and Dinner 7 days a week, especially as this restaurant is situated in this Lake and Mountain Tourist location. Both in the Winter and Summer Tahoe Tourists arrive in their droves.
An accommodating Lease could negotiated with the Landlord as he is open to reasonable offers to qualified buyers.

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This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Lake Tahoe Restaurants For Sale
Lease Term:
Expires June 2009 + 2 x 3 yr options
Total Monthly Rent:
$4,600
Security Deposit:
$4,600

Financials

Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
52

Operations

Liquor License:
Hard Liquor
# of Part-Time Employees:
7
Hours Open:
Thursday - Sunday 4.00pm - 10.00pm
Year Established:
1979
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
30
# of Parking Spots:
20
Inside Sq. Ft.:
3,000
Outside Sq. Ft.:
800

Highlights

  • Extremely high Quality Build out, modern and comtemporary
  • Re-Built July 2008
  • Great 30 ft Bar. Great Sports Bar potential
  • Space all ready for 8 Gaming machines
  • $13,000 Bose sound System and 3 x 42" LCD TV
  • Dining Room suitable as a SteakHouse
  • Modern Kitchen viewed from the Dining Room
  • Too many extras to list
  • Turn Key and ready immediately for new owners
  • Great locals and tourists night spot
  • Landlord is willing to extend terms of Lease
  • Summer Lake and Winter Mountain Location

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 62 62
Households 3-mi. 5-mi
2010 Number Of Households 1,179 2,600
2010 Persons Per Household 1.99 2.05
Median House Value $698,584 $506,211
Income Per Household $77,372 $66,267
Businesses 3-mi. 5-mi
2009 Number Of Businesses 203 497
2012 Number Of Employees 2,478 13,194
2012 Total Annual Payroll $54,215,000 $215,604,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.


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