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Listing ID: 2682373

Lake Tahoe Ice Cream / Burger / Shakes Restaurant With Large Patio With Annual Profits Of $162,000 For Sale

Lake Tahoe, El Dorado, California, United States

$ 385,000

Revenue: $ 600,000

Cash Flow: $ 162,264

Business Description

Lake Tahoe Ice Cream/burger/shakes Restaurant With Large Patio With Annual Profits Of $162,000

RRC#: 2774
Asking Price: $385,000
Location: Lake Tahoe, El Dorado County, California
Yearly Revenue: $600,000
Yearly Cash Flow: $162,264
Monthly Rent: 3800 Inclusive

LISTING DESCRIPTION:
Pre-approved for a 75% SBA Loan, therefore a new owner may only have to finance around $80,000 for this newly remodeled Ice Cream/Burger/Shakes Restaurant with a beer and wine license located in Lake Tahoe. Simple to operate fast food business with an easy menu and an efficient fast food kitchen which was all modernized in 2015/2016. Equipped with a Type 1 hood and fire suppression system, two flat-tops, double deep fryer and oven with ample refrigeration including a brand new walk-in freezer. Multiple refrigerated worktops, upright fridges, two new Taylor ice cream machines ($10,000 each). Two walk-up windows for 'To Go' orders and a modern POS system for quick service. All Booth seating in the restaurant is complimented with a newly built patio seating a further 50 with Fire Pits and plumbed-in outside Gas Heaters. The bathroom is also all ADA certified. This is an extremely well managed and efficient business with 1,100 square feet indoors and 700 square feet of outdoor patio. A real gem with tremendous curb appeal right on the main Hwy with goodwill going back 30+ years. Annual sales of $600,000 and growing with incredible profits of $162,000. The Tahoe lifestyle awaits with an income to match! To receive full details of this business opportunity please complete the ‘Confidential Agreement’ request and we’ll send you the lease, photo’s, list of equipment & financial information. We will also send you the agent’s contact information so you can discuss in further detail.

GENERAL INFORMATION:
Organization: Not Available | Year Established: 1998 | Current Owner: 2014 | Employees: 8 Part-Time | Seating: 25 + 50 Patio | Square Footage: 1100 + 700 Patio | Parking: Parking Lot + Street | Licenses Required: Health, Business & ABC Type 41 Beer and Wine Licenses | Days Open/Hours: 11am - 10pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $600,000 | Yearly Cash Flow: $162,264 | Payroll: $10411 |

LEASE INFORMATION:
Monthly Rent: 3800 Inclusive | Lease Expiration: New Lease Negotiable | Lease Option: New Lease Negotiable | Security Deposit: 3800 |

Property Details

Property Type:

Lease

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