Bar & Restaurant - Hard Liquor License

www.GlobalBX.com

Listing ID: 700354980

Listing Title: Bar & Restaurant - Hard Liquor License

Quick Link: http://www.globalbx.com/listing.asp?bId=354980

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Northern California - All Northern California

City: South Lake Tahoe

Asking Price Range: < $250K

Gross Revenues: $519,371

Cash Flow: $75,728

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1996

Number of Employees: 6 - 9

Business Description:
Now $150,000 - Lake Tahoe Airport - Bar & Restaurant - Hard Liquor License With Mountain Views. RRC#: 3856 Asking Price: Offered At $150,000 Location: 1901 Airport Rd. Ste 105, South Lake Tahoe Annual Revenue: $519,371 Annual Cash Flow: $75,728 Monthly Rent: $1,000 Listing Description: 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 long term employees in place with good revenues and provable cash-flow. Good books and records with verifiable financials set in a great location. Average monthly sales are around $40,000 combined with low monthly rent producing a healthy profit. New Lease to be negotiated January 2021. 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, sandwi



« Close this window »