Successful Bar & Restaurant on Major Hwy

South Lake Tahoe, CA (El Dorado County)

Successful Bar & Restaurant on Major Hwy
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Asking Price: Get Financing: $119,000

Cash Flow: $105,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Successful Bar & Restaurant on Major Hwy

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Business Description

Successful Bar & Restaurant on Major Hwy close to the Lake with Beer & Wine License

RRC#: 3107
Asking Price: Offered at $119,000
Location: South Lake Tahoe
Annual Revenue: $600,000
Annual Cash Flow: $105,000
Monthly Rent: $4,000 inc NNN

Listing Description:
Aggressively priced at $119,000 for this profitable, modern 2,150 square feet bar and restaurant with 2 patio’s and extremely low rent. Annual sales of $600,000 with profits of $105,000. With good books, records & verifiable financials with growing sales and growing revenues. Event & party bookings are adding tremendously to the growth of this business. This is a superb location and close by the new Wholefoods store currently under construction and due to open in late 2018. Using state of the art technology with online booking and catering ordering using a ‘Toast’ POS system and Inventory management system. This opportunity would suit a chef & partner team working both the kitchen and front of house as all the staff are in place and as a ‘Bonus,’ the owner is willing to carry a portion of the purchase to well qualified Buyer’s with experience and good credit. Fully loaded kitchen with a 12' hood complete with fire suppression system, 4 burner stove with oven, 2 large smokers, deep fryer, broiler, flattop, large walk-in cooler, refrigerated worktop, ample s/s additional worktops and Hoshizaki ice maker. The whole bar and dining room has a modern, industrial atmosphere with 12 barstools plus 2 ADA seats with additional high bar tables and chairs, while the spacious dining room has seating for 25 using attractive hardwood tables and chairs placed on a solid concrete floor for ease of maintenance. The front outdoor patio has a “Pek -a -Boo” view of the Lake with ample seating for 40 plus an additional side patio seating a further 25. The monthly rent is only $4,000 inclusive of NNN, which is very low for this busy main Hwy location. Check out this Lake Tahoe bar and restaurant and enjoy a lifestyle in the mountains. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the 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: Sole Proprietorship
Established: 1980
Current Owner: 2015
Employees: 10
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: $50,000
Monthly Cash Flow: $8,750
Annual Revenue: $600,000
Annual Cash Flow: $105,000
Payroll: $13,692
Monthly Revenue: $50,000
Monthly Cash Flow: $8,750

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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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