Blow Out Sale Price! Upscale Restaurant with Hard Liquor & Bar in Folsom

If you've been looking for that 1.5 million plus restaurant and bar facility in a great setting, then look no more. Selling Restaurants presents this rare opportunity to own a full service restaurant and bar with a banquet room and full liquor license for nickel on the dollar. It is located in a highly dense section of an historic town and next to a destination hotel. This restaurant and bar is not doing well because (1) it is absentee operated (2)there is virtually no marketing done for the store; (3) there has been numerous construction projects in the area driving traffic away from the restaurant; and (4) the upscale nature of the business has been hurt by all those real estate agents, loan agents, builders, etc. not eating out. But that will all change with a new owner. The restaurant has 5,450 Sq. Ft. of total restaurant space with a beautiful outside garden patio, private banquet room as well as a gorgeous bar with a type 47 liquor license. The main dining room holds 116 while the patios/bar hold 86. The restaurant has parking at the hotel level and the street level. The fully equipped kitchen also boasts a wood burning pizza oven.

The right buyer has experience operating high volume restaurants. This restaurant not too long ago was doing over $2 million a year. It is anticipated construction in the area should be complete in about a year. So get this restaurant before the business gets a great boost from the finished construction projects. The buyer must have strong financials to qualify with the landlord; and have the cash ready to do the deal. This is an absolute steal and a seasoned restaurateur will recognize this. This is an asset sale and NO FINANCIALS will be provided. Please don't ask for them. The current owner has refocused his efforts on another segment of the restaurant business with 4 other restaurants in his portfolio and another acquisition anticipated in the near future.
To get more information, please select the orange button below title "Sign Confidential Agreement." Register with us and get placed on our exclusive preferred buyer list getting the restaurant's name and location and additional photos. And more important, get on our e-blast list receiving previews of our newest listings.

Demographics

Population	3-mi.	5-mi
2014 Total Population	0	48,183
Households	3-mi.	5-mi
2010 Number Of Households	108	11,655
2010 Persons Per Household	2.62	3.42
Median House Value	$217,500	$301,511
Income Per Household	$75,870	$83,203
Businesses	3-mi.	5-mi
2009 Number Of Businesses	2	275
2012 Number Of Employees	0	5,464
2012 Total Annual Payroll	$0	$121,272,000

click for more demographic info

Disclaimer