We present this unique opportunity to own and operate one of Tahoe's nicest & most popular Restaurants situated on a major thoroughfare. The interior of this business is all wood finish with an easy to maintain slate floor and shows beautifully. Take a look at the photos and you'll fall in love with one of Tahoe's premier Restaurants and Catering operation. You've got to see it!
LOCATION: Situated on the main Hwy, 1/2 a mile from the Nevada Casino's and scheduled new Convention Center at the State line, South Lake Tahoe, California. This unique Business sits in a free standing building.
CATERING: No other Caterer in town has the reputation and quality. Catering alone grew $100k in 2010.
LEASE TERMS: The lease terms make this restaurant and bar opportunity one of the best you’ll find in this condition and market. Base monthly rent is $6000 for 3,300 total usable square feet. Folks!! THAT’S ONLY $1.80 per square foot.
Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent in South Lake Tahoe. This restaurant’s Location and lease terms make it extremely profitable. The building is only 7 years old and benefits from a real quality build out with over $200k spent on the fixtures and fittings.
HISTORY: Buy the existing Restaurant and Caterings' long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Beer and Wine License OR bring Your Own concept and take advantage of the Long lease terms, furniture, fixtures, equipment.
FINANCIAL PERFORMANCE: The seller has shared that the monthly sales are quite seasonal and the Seller will gladly discuss the monthly sales averages and expenses with serious buyers.
The Seller has stated that the business is extremely strong and growing at 20% per year even in this economy. This is a great indication that should continue with increased stability in the economy. The many wedding receptions and private parties in Lake Tahoe are captivated utilizing the beautiful 2nd floor function room seating 100+. This is a great locals & Tourists nightspot and has an intimate ambiance.
HOUR OF OPERATION: Presently open daily from 11.00am to 9.00pm. There is plenty of scope to increase business by opening later and increasing the endless possible Catering business, especially in this Tourist location.
REASON FOR SELLING: The Seller has a new family addition and they wish to spend more time with their children.
TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
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