Price Reduction! - Seller Carry - Priced at $245,000

South Lake Tahoe, CA (El Dorado County)

Price Reduction! - Seller Carry - Priced at $245,000
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Asking Price: $245,000

Cash Flow: $83,000

Gross Revenue: $1,008,308

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Price Reduction! - Seller Carry - Priced at $245,000

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Business Description

Price Reduction! - Seller Carry - Priced at $245,000 - Lake Tahoe Restaurant & Bar with Banquet Room

RRC#: 3251
Asking Price: Offered At $245,000
Location: South Lake Tahoe, El Dorado County
Annual Revenue: $1,008,308
Annual Cash Flow: $83,000
Monthly Rent: $6,807 Including NNN

Listing Description:
The asking price has been reduced to $245,000 for this premier Restaurant, Bar & Catering Businesses in Lake Tahoe with annual revenue in excess of $1 million established since 2003. The seller may also carry a portion of the sale to well qualified, experienced buyers with good financials & credit. The main dining room seats 100 with 6 barstools at the bar and an outside Patio area for a further 30 plus a private dining room seating 100. The modern kitchen is fully equipped with a 10 burner stove with double oven, broiler, convection ovens, deep fryers and ample refrigerated worktops plus a walk-in cooler with large dry goods storage. Catering is also a major revenue earner especially in the summer months. This business is well connected to the incredibly busy South Lake Tahoe wedding industry and caters many receptions in their own private dining room and has a fixed site catering contract at a lakefront location. This is a major opportunity for a new owner to take over a business for $245,000 with such an enviable reputation while also growing the revenue and profits. Current sales exceed $1 million with low rent and a long lease available. Located on a major thoroughfare this excellent size business has 16 years of goodwill with a solid future. Please complete the ‘Non Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity 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: 2003
Current Owner: 2003
Employees: 18 + Catering on Demand
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $84,026
Monthly Cash Flow: $6,917
Annual Revenue: $1,008,308
Annual Cash Flow: $83,000
Payroll: $28,131
Monthly Revenue: $84,026
Monthly Cash Flow: $6,917

Detailed Information

Location:
South Lake Tahoe, CA
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Contact the Seller

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

Business Listed By:
Steven D. Zimmerman

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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