SellingRestaurants presents this wonderful restaurant facility at a fraction of the cost of building one. You must see to appreciate the expense that went into this restaurant. This is purely a sale of furniture, fixtures, equipment and leasehold. No financials will be provided but costs such as utilities and rent will be provided. This restaurant is Franchise but is convertible to another concept and the franchised terminated. Mexican, Italian, or Indian food would be great here. Situated in a wonderful location surrounded by other large national franchises, makes this Mall a magnet for Diners. The owner has developed a great ambiance ready for an owner/operator to really go after the local clientele. Just recently a major competitor closed it's doors, which has resulted in a spike in business, which the owner believes will be maintained. Presently the restaurant is operated by absentee owners and this restaurant would benefit tremendously by an owner/operator. The hours of operation are just another great benefit of owning. The lease has 1 year remaining + a 5 year option indicating this business has survived 4 years in the location.
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Sacramento Regional Manager Keith Simpson
Lease
Region:
Sacramento Restaurant For Sale
Lease Term:
Expires April 27th 2009 + 5 year Option
Total Monthly Rent:
$3,854
Operations
# of Full-Time Employees:
2
# of Part-Time Employees:
8
Hours Open:
Lunch 11.00am - 2.00pm Daily
Dinner 5.00pm - 8.30pm Daily
Highlights
- Priced at a qtr of the cost of the fit out
- Fast food Indian, Mexican, American, Italian.
- Recent Competition nearby closed - You benefit!
- Very Clean with new equipment
- New A/C units
- Ease of operation
- Looks like new
- Turn Key and ready for immediately for new owners
- Hours of operation limitless
- High visibility from main street
- DONT MISS THIS OPPORTUNITY
Financing
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
64,417 |
100,195 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
18,974 |
28,990 |
2010 Persons Per Household |
3.24 |
3.24 |
Median House Value |
$261,900 |
$274,473 |
Income Per Household |
$77,652 |
$76,717 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
978 |
1,320 |
2012 Number Of Employees |
19,210 |
25,126 |
2012 Total Annual Payroll |
$300,925,000 |
$410,901,000 |
click for more demographic info
Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.