Listing ID: 81088
CB’s is a North Lake Tahoe tradition for some of the best bistro food and drink on Lake Tahoe’s north shore. There are 63 seats inside and 20 seats outside; estimated $10k plus $3.5k in entitlement value. This restaurant anchors a key location across the street from unobstructed Lake access and the iconic Garwood’s Lakefront Restaurant. CBs has long been a favorite among locals for food and music and the ambiance of a high-profile location in Carnelian’s 3-tenant commercial center.
Restaurant opportunities are an extremely difficult business enterprise to establish in this highly regulated commercial environment, and those established for twenty years-plus assure operators that there is a wide ‘moat’ to competition and CBs longevity guarantees the familiarity of the name and location
- Asking Price: $299,000
- Cash Flow: N/A
- Gross Revenue: $800,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Bar w/beer and wine only, casual dining game room and kitchen https://cbsbistro.com/
Full contractual support for familiarization and training
New baby in family
Three other F/B operations in the Carnelian Bay commercial core
New concept options; menu; brewery; full liquor license, music
The business was founded in 1990, making the business 32 years old.
The building is leased by the company for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or an array of various other factors. This is why it is extremely crucial that you not depend absolutely on a vendor's word, however rather, use the vendor's answer together with your overall due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new customers? Most times, companies have repeat consumers, which create the core of their daily revenues. Specific factors such as brand-new competition growing up around the location, road building, as well as employee turn over can impact repeat customers and adversely influence future revenues. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the chance to construct a returning client base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood mean house earnings effect future revenue potential?