||Employees||0 full, 10 part
* Included in Asking Price
A warm welcome awaits you at the Old World Tavern. Our friendly warm staff is waiting to greet you with great food, a variety of craft and import beer (Type 41 license). The live music every Friday night and Sunday morning will make you want to keep coming back.
Property address 175 N. Main Street, Lakeport, CA 95453 USA
Parcel ID 025-404-150-000
Property class (2465)
Asking price $425,000 USD
Includes business and real property (described below)
Description of Real Property
175 N Main St, Lakeport, CA 95453 is a Restaurant/Dwelling property with a second floor (separate entrance) and has 2 bedrooms, 2 bathrooms (one upstairs/one downstairs), and is approximately 2,352 sq. feet of living space. Built in 1940, this Restaurant is located in Lakeport, CA in the zip code 95453.
Description of Business
Old World Tavern is a restaurant that serves food and alcoholic beverages. Established in 2013, average annual gross sales is approximately $500,000. Business includes leasehold improvements, beer& wine license (Type 41), furniture, fixtures and equipment (list available), name, menu, concept, goodwill and cash flow. Also included, but not limited to, is outdoor signage (lighted), food, beer and liquor inventory (detailed prior to close), website domain (with email addresses), Facebook page (922 followers/4.4 Stars/ 106 Reviews).
Date / Event / Price / Price sq.ft./ Source
1/24/2017 / Sold / $476,412? / $203 sq.' / Public Records
7/30/2004 / Sold / $330,000 / $140 sq.' / Public Records
12/17/2001 / Sold / $170,000 / $72 sq.' / Public Records
"Old World Tavern is Lakeport's version of Cheers" - Reviewed August 1, 2015
"I'd heard a lot of good things about this spot so my hubby and I decided to check it out and we are SO glad we did!!" - Reviewed June 26, 2017
"I've been to Old World Tavern a countless amount of times. I always get treated like I'm at home...exactly what I want from a place like this!" - Reviewed Oct. 22, 2017
|Facilities:||An historic building located at the center of this quaint lakeside town. Included upstairs is a two bedroom apartment which includes large living dining area, kitchen, full bath, wash room and balcony. (private entrance). Located in the heart of Main Street between 1st & 2nd, this is the hub for evening dining and local entertainment, as well as the heart of most every city event (Oktoberfest, Wine Festival, Street Fairs, etc.). Known for the best fishing west of the Mississippi and cleanest air in the United States, Lakeport is a slow paced resort with great local clientele and a favorite for returning visitors.
Small bar and kitchen with mostly used equipment. Fully functioning and profitable. Kitchen is in need of moderate repair and updating.|
|Competition:||A unique offering, in that The Tavern offers food as well as craft beers and wine. Although catering to a different customer base, the only real competition near Main Street is Park Place (more of a restaurant, less a bar). Across the street is the Clearlake Club (full bar no food). Down the street is Drinx (offering food and drink, open at night only). Coming soon will be a steak house on the same block (good owners that will compliment and add to the dining atmosphere in the area).|
|Growth Potential:||Small kitchen with huge potential. Much growth opportunity is at the bar. My thought was to possibly cut back on the food offering and focus more on small plates, cocktails and a Happy Hour. Recently installed one TV which could easily be converted to a sports themed bar.|
|Training/Support:||As owner, operator and employee, I would be willing to stay on to train for 30 days. Most employees have been here for over a year and know the operation inside and out.|
|Sale Reason:||Moving back to Southern California to be with aging parents.|
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