Long Established Mexican Restaurant With Real Estate, Abc Type 47 Lice

South Lake Tahoe, CA (El Dorado County)

Long Established Mexican Restaurant With Real Estate, Abc Type 47 Lice

Asking Price:$1,500,000

Cash Flow:N/A

Gross Revenue:$960,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Long Established Mexican Restaurant With Real Estate, Abc Type 47 Lice

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Business Description

Long Established Mexican Restaurant With Real Estate, Abc Type 47 Lice

Long Established Mexican Restaurant With Real Estate, Abc Type 47 License, Patio & Huge Parking Lot

RRC#: 2559
Asking Price: $1,500,000
Location: 765 Emerald Bay Road, South Lake Tahoe, California
Yearly Revenue: $960,000
Yearly Cash Flow: Contact for Info
Monthly Rent: Real Estate Included

LISTING DESCRIPTION:
First time to the market in over 20 years! The Cantina Bar and Grill is a Lake Tahoe Icon. Located on the main thoroughfare toward Emerald Bay, the most beautiful Eye Candy spot around the Lake. This 6,200 square foot bar and restaurant sits on 1/2 acre of land and is for sale including the valuable real estate and ABC type 47 hard liquor license. The 60+ car parking, all asphalt surrounds the building which incorporates a bar seating 30 with room for 50, a dining room for 80, a private dining room for 50 and patio seating a further 50. Lovingly remodeled using hardwood throughout with hardwood beams and ceiling which encompasses a 'Real' Tahoe cabin feel, see photo's. The large kitchen can support the busy dining with it's extra large type 1 hood with fire suppression system allowing for a double row of stoves with ovens, fryers, flattop, broiler, salamander, convection ovens and ample refrigerated worktops plus extra preparation space. 1 super large walk-in for food and another walk- in for the wines & the 16 craft beers on tap with supporting Glycol draft beer system. The bar is at the front and boasts a Taylor Margarita mix machine, 25 ft of hardwood bar, wooden shelves for liquor and a 5 station POS system. The private dining room is situated between the bar and kitchen and can accommodate up to 70 for a party. The main dining room is split leveled which adds tremendous character and has ample dining space between the hardwood beams, while the attractive patio finishes off this large multi use bar and restaurant. $1.5 million includes the real estate. The owner 'quasi' absentee with a full management structure in place. He is willing to lease just the business but only to 10 year+ restaurant veterans or current successful restaurant owners with an exemplary track record. Lease would be negotiable. To receive full details of this opportunity please complete the information request at the top of this page and we’ll send you the historical financials & property profile information. We will also send you the broker’s agent contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1956 | Current Owner: 1996 | Employees: 45 | Seating: 180 | Square Footage: 6217 | Parking: Parking Lot | Licenses Required: Health, Business & ABC Type 47 License | Days Open/Hours: 11am - 11pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $960,000 | Contact for InfoPayroll: $33000 |

LEASE INFORMATION:
Monthly Rent: Real Estate Included | Lease Expiration: Real Estate Included | Yearly Adjustment: Real Estate Included | Lease Option: Real Estate Included |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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