Lake Tahoe - Bar & Restaurant - ABC Type 47 Hard Liquor License

South Lake Tahoe, CA (El Dorado County)

Lake Tahoe - Bar & Restaurant - ABC Type 47 Hard Liquor License
Contact Seller

Asking Price: $265,000

Cash Flow: $70,000

Gross Revenue: $434,033

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Lake Tahoe - Bar & Restaurant - ABC Type 47 Hard Liquor License

Save Print Share Valuation Report

Business Description

Lake Tahoe - Bar & Restaurant - ABC Type 47 Hard Liquor License with Spectacular Mountain Views

RRC#: 3180
Asking Price: Offered At $265,000
Location: South Lake Tahoe
Annual Revenue: $434,033
Annual Cash Flow: $70,000
Monthly Rent: $816

Listing Description:
Currently filming the new “Top Gun” movie at this Bar & Restaurant which will promote this business tremendously and probably attract a huge amount of tourists once this blockbuster movie hits the box office. So MAKE an OFFER on this turn-key Bar and Restaurant with great staff in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest rent in South Lake Tahoe, probably California at only $832. The landlord pays for the bathroom upkeep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. The large space and amazing views are a plus for the many parties and events that are hosted here. The mountain views are spectacular with all glass frontage and nice outdoor seating to accommodate up to 30 people. The high value El Dorado County ABC Type 47 hard liquor license is included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have recently sold for $120,000. On the food side the kitchen has a type 1 hood with fire suppression system, which is serviced every 6 months at landlords expense, walk-in cooler. In 2016 the kitchen was upgraded and many appliances were replaced with new ones, including an Imperial 6 burner stove/flat-top with oven, Turbo air deluxe freezer & refrigerator, Avanco under counter fridge and Manitowac Ice maker. Other appliances include a double deep fryer, charbroil grill, 2 door upright reach-in fridge, sandwich prep fridge, and ample stainless steel work surfaces and a pass though dishwasher. The large hand cut slab pine bar seats 13 patrons and has additional high top tables in the bar area. Also included is a traditional pool table. The dining area currently seats 40, but could be arranged to allow for more seating. All combined, there is total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Sierra Nevada Mountains. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We’ll also send you the Broker’s contact information so you can discuss this opportunity in more detail.

General Information:
Organization: LLC
Established: 1996
Current Owner: 2016
Employees: 7
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $36,170
Monthly Cash Flow: $5,834
Annual Revenue: $434,033
Annual Cash Flow: $70,000
Payroll: $11,567
Monthly Revenue: $36,170
Monthly Cash Flow: $5,834

Contact Seller

Contact the Seller

Contact Seller Loading

Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

Show Phone Number

View My Listings

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.

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1581593 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings