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South Lake Tahoe Airport – Bar & Restaurant – Hard Liquor License With Spectacular Mountain Views.

1901, Airport Road, Tahoe Valley, South Lake Tahoe, El Dorado County, California, 96150, United States of America
$199,000

Business For Sale Details

Updated on April 6, 2020 at 7:29 pm

  • Property ID: 3689
  • Price: $199,000
  • Building: 2800 sq. ft.
  • Year Built: El Dorado
  • Type: Restaurants, Food & Beverage
  • Status: Business For Sale
  • Revenue (Annual): $500,001-$1,000,000
  • Cash Flow (Annual: $50,001-$100,000
  • Payroll (annual): $114,450
  • Rent: $816
  • Lease Expiration: 2021
  • Year Established: 1996
  • Current Ownership: 2016
  • Reason For Sale: Other Interests
  • Employees: 7
  • Revenue (Yearly): $519,371
  • Cash Flow (Yearly): $75,728
  • Days/Hours of Operation: Mon - Fri 11am - 12am, Sat & Sun 9am - 12am
  • Seating: 80 + Patio 30
  • Parking: 100+
  • Licenses: Health, Business and ABC Type 47 Licenses
  • Lease Security Deposit: $816
  • Lease Options: Two 5 year options

Description

The shortly to be released “Top Gun” movie was filmed at this Bar & Restaurant which will promote this business tremendously and probably attract a huge amount of tourists once this blockbuster movie hits the box office. SBA have pre-approved this business for an 80% loan to experienced buyers with good credit. This is a turn-key bar & restaurant business with great employees in place with good revenues and provable cash-flow. At 2,800 square feet this business has the lowest monthly rent in South Lake Tahoe at only $832. The landlord pays for the bathroom up keep and cleaning, all snow removal and there is ample parking for 100+. Good books and records with verifiable financials set in a great location. 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. 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. The large space and amazing views are a plus for the many parties and events that are hosted here. The mountain views are spectacular with all glass frontage and nice outdoor seating to accommodate up to 30 people. The high value El Dorado County ABC Type 47 hard liquor license is also 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 sold recently for $100,000. On the food side the kitchen has a type 1 hood with fire suppression system, which is serviced every 6 months at landlords expense & walk-in cooler. In 2016 the kitchen was upgraded and many appliances were replaced with new ones, including an Imperial 6 burner stove/flat-top with oven, Turbo air deluxe freezer & refrigerator, Avanco under counter fridge and Manitowac Ice maker. Other appliances include a double deep fryer, charbroiler, 2 door upright reach-in fridge, sandwich prep fridge, and ample stainless steel work surfaces and a pass though dishwasher. The large hand cut pine bar seats 13 patrons and has additional high top tables in the bar area. Also included is a traditional pool table. The dining area currently seats 40, but could be arranged to allow for more seating. All combined, there is total seating for 80. The Patio overlook has an additional 30 chairs with spectacular views of the Sierra Nevada Mountains. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long term SBA loan solution please complete the ‘Non Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We’ll also send you the Broker’s direct contact information so you can discuss this opportunity in more detail.

Business For Sale Location:

  • Location: 1901, Airport Road, Tahoe Valley, South Lake Tahoe, El Dorado County, California, 96150, United States of America
  • City / County: South Lake Tahoe
  • State / Province: California
  • Country: United States

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