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#922
Lake Tahoe

Live in the High Sierras-BBQ Restaurant in beautiful Lake Tahoe

$199,000
Sold
Live in the High Sierras-BBQ Restaurant in beautiful Lake Tahoe
This Listing is Sold
Location is everything!!! On one of the busiest streets in Lake Tahoe, this business has already become a favorite of locals and tourists alike!. The restaurant is absentee operated, so this is your opportunity to take over the business and build on it's current success by adding your own expertise and charm. With inside as well as outside seating for over 100, and plenty of parking, this restaurant will always be a hit!! The restaurant is over 2400 sq feet and has a view of Lake Tahoe and is right across the street from the lake shore. Take over where this owner has started, and enjoy the opportunities waiting for you in the Lake Tahoe area. Please select one of the bright orange buttons below to get the name and address of the restaurant. If you're not a registered buyer, it will ask you to register. It costs you nothing! And you'll get placed on our e-mail list getting first look at our newest 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:
two 5 yr options beginning June 1, 2008
Total Monthly Rent:
$7,000
Security Deposit:
$7,000

Financials

Last Year's Annual Gross:
$508,763
Last Year's Owner's Cash Flow:
$52,310

Operations

Liquor License:
41
# of Full-Time Employees:
9
# of Part-Time Employees:
3
Hours Open:
11-3
5-9
closed Monday
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
55
Outdoor Seating:
50
# of Parking Spots:
85
Inside Sq. Ft.:
2400
Outside Sq. Ft.:
1200

Highlights

  • Live in Beautiful Lake Tahoe
  • Established BBQ restaurant
  • Favorite of locals and tourists
  • Easy access for parking
  • Right on busiest street in area
  • 2400 square feet inside, 1200 feet outside
  • Has beer- wine license in place
  • Lease has two 5 year options

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 0 74
Households 3-mi. 5-mi
2010 Number Of Households 1,500 2,088
2010 Persons Per Household 2.10 2.13
Median House Value $577,700 $628,080
Income Per Household $66,628 $62,602
Businesses 3-mi. 5-mi
2009 Number Of Businesses 352 451
2012 Number Of Employees 3,988 12,948
2012 Total Annual Payroll $74,629,000 $145,942,000

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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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