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Listing ID: 3031579

Long Established Lake Tahoe Restaurant, Bar & Catering Business For Sale

South Lake Tahoe, El Dorado, California, United States

$ 285,000

Revenue: $ 1,008,308

Cash Flow: $ 83,000

Business Description

Long Established Lake Tahoe Restaurant, Bar & Catering Business with Private Dining and Beer & Wine

RRC#: 3251
Asking Price: Offered At $285,000
Location: South Lake Tahoe, El Dorado County
Annual Revenue: $1,008,308
Annual Cash Flow: $83,000
Monthly Rent: $6,807 Including NNN

Listing Description:
This is one of Lake Tahoe's premier Restaurant, Bar & Catering Businesses which has been established since 2003. The main dining room seats 100 with 6 barstools at the bar and an outside Patio area for a further 30 plus a private dining room seating 100. The modern kitchen is fully equipped with a 10 burner stove with double oven, broiler, convection ovens, deep fryers and loads of refrigeration plus a walk-in cooler with ample dry goods storage. Catering is also a major revenue earner especially in the summer months. This business is well connected to the Tahoe wedding industry and caters many receptions in the private dining room and has a fixed site catering contract at a waterfront venue. This is a major opportunity for a new owner to take over a business for $285,000 with such an enviable reputation while also growing the revenue and profits. Current sales exceed $1 million with low rent and a long lease. Located on a major thoroughfare this excellent size business has 16 years of goodwill with a solid future. Please complete the ‘Non Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity 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: 2003
Current Owner: 2003
Employees: 18 + Catering on Demand
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $84,026
Monthly Cash Flow: $6,917
Annual Revenue: $1,008,308
Annual Cash Flow: $83,000
Payroll: $28,131
Monthly Revenue: $84,026
Monthly Cash Flow: $6,917

Property Details

Property Type:


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