* Included in Asking Price
Profitable Sports Bar And Grill With Valuable Abc Type 47 Hard Liquor License And Spectacular Views.
Asking Price: $285,000
Location: South Lake Tahoe, El Dorado County, California
Yearly Revenue: $434,040
Yearly Cash Flow: Contact For Info
Monthly Rent: $816
A unique opportunity to own this successful Sports Bar and Grill Restaurant located in South Lake Tahoe. Tahoe lifestyle is the envy of most Californians with it’s crystal clear lake for summer beach enjoyment or the many winter ski resorts at your doorstep. Tahoe business is seasonal but this long established bar and grill caters to the many locals and tourists alike, enjoying strong business all year around. The views are spectacular from the all glass frontage and so is the extremely low monthly rent for 2800 square feet of usable bar and restaurant space. The highly valuable El Dorado County ABC Type 47 hard liquor license is included with the purchase and is yours to market and use, especially as the bar and liquor sales produce a large part of the revenue. Similar licenses have recently sold on their own for $150,000. On the food side the kitchen has a type 1 hood with fire suppression system, walk-in cooler, 6 burner stove with oven, double deep fryer, 3 door upright fridge and ample stainless steel work surface. The bar with it’s 13 barstools and 9 further tables with 24 barstools seating 37 in total, plus a traditional pool table combined with the dining room’s 40 chairs and tables giving a total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Lake and Mountains. Average monthly sales are around $40,000 combined with the low monthly rent and low food and alcohol costs produces a healthy profit but further increases in sales through social media and local advertising would achieve outstanding growth. Don’t miss out on this rare Lake Tahoe opportunity. 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.
Organization: LLC | Year Established: 1996 | Current Owner: 2016 | Employees: 7 | Seating: 80 + Patio 30 | Square Footage: 2800 | Parking: 100+ | Licenses Required: Health and Business | Days Open/Hours: Operation Mon - Fri 11am - 12am, Sat & Sun 9am - 12am | Reason For Sale: Other Interests |
Yearly Revenues: $434,040 | Payroll: $11567 |
Monthly Rent: $816 | Lease Expiration: 2021 | Lease Option: Two 5 year Options | Security Deposit: 816 |
Seller Reference #2955
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