* Included in Asking Price
High Volume Asian Restaurant With Full Bar, Close To Lake Tahoe Ski Resort With $350k Annual Profit.
Asking Price: $500,000
Location: North Lake Tahoe/Truckee, Placer County, California
Yearly Revenue: $2,280,000
Yearly Cash Flow: $360,000
Monthly Rent: 6.5% + NNN
This business is for the experienced and well qualified operator with good credit and many years of bar & restaurant experience prepared to operate this seasonal restaurant with annual sales of $2.5 million and annual profits of $350,000. Full financial disclosure is available to qualified buyers and an SBA loan has been pre-approved for this business so well buyers need only 25% down. This fully loaded 5,400 square feet bar and restaurant is complete with a large patio and a ABC type 47 hard liquor licensed bar and restaurant seating 220. There are Private dining areas suitable for large parties and a modern kitchen well equipped to handle an increase in volume. Rent is just 6.5% of monthly sales, no minimum. First qtr, Jan - March 2016 sales exceeded $1 million with profits of $200,000. In the same ownership since 2008 with an excellent reputation and a captive audience. Fully fitted to an extremely high standard throughout and completely ''Turn Key.'' Located on a main thoroughfare with high visibility and high demand which makes this a ''Special'' restaurant in the area. Classy, spacious, versatile, successful and profitable best describe this bar & restaurant business opportunity. To receive full details of this opportunity please complete the ‘Confidential Information’ request at the top of this page and we’ll send you the name, address, financials & lease information. We will also send you the broker’s agent contact information so you can discuss in more detail.
Organization: LLC | Year Established: 2008 | Current Owner: 2008 | Employees: From 30-70 Seasonal | Seating: 220 | Square Footage: 5444 + Patio | Parking: 100+ | Licenses Required: Health, Business & ABC Type 47 Licenses | Days Open/Hours: Daily 11am - 10pm | Reason For Sale: Other Interests |
Yearly Revenues: $2,280,000 | Yearly Cash Flow: $360,000 |
Monthly Rent: 6.5% + NNN | Lease Expiration: New Lease | Lease Option: New Lease | Security Deposit: New Lease |
Seller Reference #2457
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