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Lake Tahoe Bar & Grill With Valuable Abc

South Lake Tahoe, California : Restaurants
Listing #2955

Lake Tahoe Bar & Grill with Valuable ABC Type 47 Hard Liquor License & Spectacular Mountain Views. RRC#: 2955 Asking Price: Offered At $265000 Location: South Lake Tahoe Annual Revenue: $434,033 Annual Cash Flow: $70,000 Monthly Rent: $816 Listing Description: Bar and Restaurant with all the staff and manager in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest rent in South Lake Tahoe, probably California. There is a long lease in place (to 2031) with monthly rent of only $816. The landlord pays for the bathroom upkeep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. The growing sales & growing revenues are all achieved with an absentee owner. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. The owner & manager will train the buyer to successfully operate the business and the owner may carry a portion of the sale to well qualified buyers with excellent financials and with Bar/Restaurant experience. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. many parties and events are hosted as the large space and views lend itself well to host the many events currently on the books for 2018/2019. The mountain views are spectacular with all glass frontage and nice 30 seat patio and 2,800 square feet of usable bar and restaurant space. The high value El Dorado County ABC Type 47 hard liquor license is included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have recently sold for $120,000. 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 Sierra Nevada Mountains. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & 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. General Information: Organization: LLC Established: 1996 Current Owner: 2016 Employees: 7 Reason For Sale: Other Interests Financial Information: Monthly Revenue: $36,170 Monthly Cash Flow: $5,834 Annual Revenue: $434,040 Annual Cash Flow: $70,008 Payroll: $11,567 Monthly Revenue: $36,170 Monthly Cash Flow: $5,834

Asking Price:

$265,000

Gross Income:

$434,040

(last 12 months)
Cash Flow:

$70,008

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Lake Tahoe Bar & Grill with Valuable ABC Type 47 Hard Liquor License & Spectacular Mountain Views.
RRC#: 2955
Asking Price: Offered At $265000
Location: South Lake Tahoe
Annual Revenue: $434,033
Annual Cash Flow: $70,000
Monthly Rent: $816

Listing Description:
Bar and Restaurant with all the staff and manager in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest rent in South Lake Tahoe, probably California. There is a long lease in place (to 2031) with monthly rent of only $816. The landlord pays for the bathroom upkeep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. The growing sales & growing revenues are all achieved with an absentee owner. Average monthly sales are around $40,000 combined with the extremely low monthly rent produces a healthy profit. Further increases in sales through social media and local advertising could achieve outstanding growth as the size and layout lends itself for growth potential. The owner & manager will train the buyer to successfully operate the business and the owner may carry a portion of the sale to well qualified buyers with excellent financials and with Bar/Restaurant experience. Tahoe businesses are seasonal but this long established Bar and Restaurant caters to the many locals and tourists alike, enjoying strong business all year round. many parties and events are hosted as the large space and views lend itself well to host the many events currently on the books for 2018/2019. The mountain views are spectacular with all glass frontage and nice 30 seat patio and 2,800 square feet of usable bar and restaurant space. The high value El Dorado County ABC Type 47 hard liquor license is included with the sale, especially valuable as the bar and liquor sales produce a large portion of the revenue. Similar El Dorado County licenses have recently sold for $120,000. 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 Sierra Nevada Mountains. Please complete the ‘Non Disclosure Agreement’ on our site and we’ll send you the name and address with the full financial information, lease & 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.

General Information:

Organization: LLC
Established: 1996
Current Owner: 2016
Employees: 7
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: $36,170
Monthly Cash Flow: $5,834
Annual Revenue: $434,040
Annual Cash Flow: $70,008
Payroll: $11,567
Monthly Revenue: $36,170
Monthly Cash Flow: $5,834


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