Elegant Established Profitable Lake Tahoe Fine Dinner House For Sale

Business description

This fine, restaurant was established by the current owners in 1991. While seasonal, dinner is served Tuesday-Saturday. If open all (12) twelve months a new owner could substantially increase business with either extending dinner hours and days or adding either a selected lunch or breakfast menu and hours. Located in close proximity to the Hyatt Regency Motel, this street receives significant vehicular traffic. The owners wish to retire. This quaint restaurant has a warm, intimate atmosphere. Authentic recipes designed and prepared by the owner, trained in his native town in Burgandy, France at a famous Three Star Michelin Guide restaurant are included with the sale. All food is prepared fresh daily on premise by the owner & staff employees. This restaurant is just quiet enough to have an intimate conversation and busy enough to feel part of the "in crowd". Sitting in their beautifully decorated, comfortable-yet-elegant dining room, one feels transported into rural Europe. Located in a strong commercial condo-like environment, the menu features both A La Carte or full-fare specials created and prepared nightly. Acme bread (a San Francisco favorite) is delivered and served daily and this restaurant boasts of some of the areas finest wines and a full bar. They received the 2010 Award from Wine Spectator for having one of the finest selections of wine in the "world". Banquets for up to 50 people, vegetarian and low fat fares(yes, that's right!) are also available. This is the place locals and tourists alike prefer and frequent as often as their waistlines allow! Good lease and some equipment owned by the landlord is also maintained and repaired by them too. Contract in place through March 2012 with "Open Table" an on line reservation service.

Property information

Real Estate:

Lease

Premises details:

1275 square foot building seats 55 close to high end resort

Size in square feet:

1,275

Business Operation

Reasons for selling:

Retirement

Trading hours:

Tues-Sat 6p.m.-9:30p.m.

Employees:

1 FT, 11 PT

Years established:

1991

Other information

Support & training:

2 weeks at 20 hours per week

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

OWC $125,000 at 8% for 120 months at $1,516.59 per month

Furniture / Fixtures value:

$11,500