Lake Tahoe - $699,000 - ACE HIGH SALOON & SMOKEHOUSE - Hard Liquor Lic

Lake Tahoe - $699,000 - ACE HIGH SALOON & SMOKEHOUSE - Hard Liquor License - Located at Stateline RRC#: 4089 Asking Price: $699,000 Location: ACE HIGH SALOON & SMOKEHOUSE - 4125 Lake Tahoe Blvd Annual Revenue: $1,689,158 Annual Cash Flow: $230,000 Monthly Rent: $23,832 Expiration: 2024 Listing Description: $699,000, a realistic price for this good size Restaurant & Bar making $230,000 annually. Prime Lake Tahoe location next to the Casino's at Stateline CA/NV with many high quality hotels and a currently being built conference center. No expense has been spared on the original build-out just a few years ago. There is a ABC type 47 hard liquor license included with indoor seating capacity of 125 plus a huge patio seating a further 80. Annual revenues of $1.6 achieved with minimal marketing or advertising. This is a superb location and will be most sought after by the experienced restaurateur who can envisage the planned future redevelopment currently in the works. This is an opportunity for an investment into this fast growing community with world renowned skiing, casino’s and of course, the picturesque playground of Lake Tahoe. Bar revenues are only 17% of the total so there is huge room for an increase in alcohol sales. The kitchen is fully loaded with a 15ft Type 1 hood and fire suppression system & two 36” flat top grills, 1 broiler, 2 deep fryers, smoker, 6 burner stove with oven, salamander, large walk-in, 2 upright freezers with ample refrigerated worktops. 20ft bar with barstool seating for 12, 12 beers on tap and POS system with glass fronted refrigerated reach-in’s making for a fully working hard alcohol bar with TV’s all around. Ample storage with a combination of booths and table seating and a massive patio with fabulous mountain views plus a large parking space. The current concept works well and is in demand but a new owner could alter to suit. The size and location of this restaurant is a rare commodity in Lake Tahoe and will generate great interest by locals and city folks looking to invest in this beautiful area. There is also 17 years remaining on the current lease. 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. General Information: Organization: LLC Year Established: 2014 Current Owner: 2016 Employees: 18 Reason For Sale: Other Interests Financial Information: Monthly Revenue: $140,764 Monthly Cash Flow: $19,000 Annual Revenue: $1,689,158 Annual Cash Flow: $230,000 Annual Payroll: $468,000 Facilities: Square Feet: 3,815 + 2,000 Patio Seating: 125 + 80 Patio Parking: 50+ Days/Hours of Operation: 10.00am - 10.00pm Daily - (Seasonal) Location: South Lake Tahoe, California Year Established: 2014 Number of Employees: 18 Real Estate: Leased Building Sq. Ft.: 3,815 Rent: $23,832.00 Per Month Facilities: Square Feet: 3,815 + 2,000 Patio Seating: 125 + 80 Patio Parking: 50+