Businesses For Sale Network in California - All other areas/ Tahoe Restaurant, Lake View- $218K Annual Profit- PRICE IS $395K FIRM!
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Listing View: Tahoe Restaurant, Lake View- $218K Annual Profit- PRICE IS $395K FIRM! - Lake Tahoe, El Dorado, California


Tahoe Restaurant, Lake View- $218k Annual Profit- Price Is $395k Firm!
Lake Tahoe, El Dorado, California

Offered at:
$395,000

Office Listing #   1659
Revenue: $85,000 / month
Cash Flow: $18,160 / month
Lease Rent: $2,650 all inclusive
Square Feet: 1,100 inside, 1,500 outside

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 Listing Description

This restaurant has been in operation for over 10 years, and has become a Lake Tahoe destination restaurant serving tourists and locals alike. The hands on owners have enjoyed consistent sales and profits with minimal effects from the current economy. The cozy interior has a very relaxed ambiance mixing comfy booths, tables and bar seating. The bar has a 2-door and a 3- door tap fridge, a total of 8 taps, a 2-door beverage merchandiser, soda dispenser, hand sink and a register and credit card station. The well equipped kitchen features an 11’ type 1 hood, range with griddle and two ovens, 2-double fryers, soup warmer, one 3-door and two 2-door sandwich prep fridges, 1-glass door beverage fridge and a 3-door reach-in. The adjacent prep area has vegetable prep sink, ice machine, 1-door and 2-door freezers, 30qt. mixer and 7qt. mixers, a microwave, 8’ work table, hand sink and mop sink. There is ample wire rack shelving for storage, a small office area, and two additional storage rooms for dry goods and beer and wine. An elevated outdoor deck offers additional seating with spectacular views of the lake and mountains. The business is being offered as a true turn key operation for a new owner to step into and take over the existing menu, recipes, staff and clientele without interruption. The owners are willing to train a buyer in the various aspects of the business to insure a smooth transition. The consistent sales and profit, the niche menu and concept, along with the great location and long lease, have kept this business successful for years and is a great opportunity for a buyer. PRICE IS $395,000 FIRM!

General Information
Contact Information
Organization:   Corporation
Year Established:   2000
Current Owner:   2000
# of Employees:   Contact For Info
Seating:   51 inside, 45 outside
Square Foot/Size:   1,100 inside, 1,500 outside
Parking:   Street, parking lot
License(s) Required:   Business, Beer & Wine license
Days Open/Hours:   7 Days 11:30a-9:30p
Reason For Sale:   Other Interests
     
Financial Information
Revenue:   $85,000 / month
Cash Flow:   $18,160 / month
Payroll:   Contact For Info
Lease Information
Lease Rent:   $2,650 all inclusive
Lease Expiration:   11/1/15
Yearly Adjustment:   3%
Lease Option:   Four 3 year options
Security Deposit:   Negotiable
     
Listed by:   Steve Zimmerman
 Restaurant Realty Company
Email: Email Seller
Phone:  415-945-9701
Fax:  415-945-9702
Website:  www.restaurantrealty.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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