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Restaurant For Sale - by Matthew Lehman Real Estate

1528 Tavern Road Road, Mammoth Lakes, California 93546



Property Description

The Mogul Restaurant- Opportunity to purchase the real estate and business for one of Mammoth’s longest established restaurants. 3,436 square feet of total building area, which includes the restaurant (Approx 2,836 sq. ft) and a two-bedroom apartment (approx. 600 sq ft) on the second level (currently used as office space). Sale includes FFE and a Type-47 liquor license. Seating for 104 occupants, 24 on-site parking spaces and 38 off-site spaces (available after 5:00pm). Additional parking in the Town “Park-N-Ride” and charging station, just 400′ to the east. 81 new housing units currently under construction in the first phase of the “The Parcel” housing development, 1 block to the west. Future phases of The Parcel schedule for 2024. Property is owner occupied and has been since inception. Roof is relatively new and parking lot has just been slurred and re-striped. Average Net Income for the business is 25% of Gross. Income history is stable with consistent increases over the past 5+ years (Covid shutdowns aside). Current revenues are trending toward record levels

Listing Agency
Matthew Lehman Real Estate
Address Map
US
CA
Mammoth Lakes
Sierra Park
93546
Tavern Road
1528
Road
W119° 1' 59.9''
N37° 38' 42.4''
Mammoth Lakes
10
1528 Tavern Road Road
South on Old Mammoth Road, turn right on Tavern Road.
Area
Mammoth Lakes
MLS Information
Active
Commercial
2
Commerical, Residential Income &
0
$582
Commercial/industrial
Active

Listing ID #220611

1528 Tavern Road Road, Mammoth Lakes, California 93546

Asking Price:
$2,000,000

Basic Details
Property Type : Restaurant
Listing Type : For Sale
Listing ID : 220611
Price : $2,000,000
Square Footage : 3,436 Sqft
Year Built : 1971