* Included in Asking Price
Price Reduced - Bar & Restaurant On Major Street Close To The New Whole Foods Store With Beer & Wine
Asking Price: $139,000
Location: South Lake Tahoe, El Dorado County, California
Yearly Revenue: $499,200
Yearly Cash Flow: $98,004
Monthly Rent: 4000 inc NNN
Price Reduced to $139,000 for this profitable, modern 2,150 square feet bar and restaurant with extremely low monthly rent. Annual sales in excess of $500,000 with profits of $98,000. You would get you investment back in virtually 1 year! 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 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 hardwood tables and chairs placed on a solid concrete floor for ease of maintenance. The 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.
Organization: Sole Proprietorship | Year Established: 1980 | Current Owner: 2015 | Employees: 6 | Seating: 80 Indoors + 40 Patio + 25 Patio | Square Footage: 2150 | Parking: Street | Licenses Required: Health, ABC Type 41 Beer & Wine Licenses | Days Open/Hours: 11.30am - 9pm Daily | Reason For Sale: Other Interests |
Yearly Revenues: $499,200 | Yearly Cash Flow: $98,004 |
Monthly Rent: 4000 inc NNN | Lease Expiration: July 2020 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 4000 |
Seller Reference #2808
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