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#929
Sacramento Restaurant For Sale

REDUCED! Established Fine Dining Restaurant with Full Type 47 License

$425,000
REDUCED! Established Fine Dining Restaurant with Full Type 47 License
This Listing is Expired
The price has just been reduced and the owner is willing to carry back up to 30% of the purchase price for this Beautiful Restaurant and Wedding facility which has a long history of fine dining in the Sacramento Area with consistent sales year after year. This type of restaurant rarely comes on the market, especially at this price. So don't miss it! This is a highly confidential listing. Buyers must have at least 5+ years fine dining management experience, plenty of cash and a good FICO score before any more information is provided.

There is a separate Bar area and seating for 120 dining inside. Outside there is ample room for wedding parties seating 100+ guests, or more room for regular diners. This opportunity comes with a full type 47 liquor license included in the purchase price. The lease is a dream at 5% of gross sales or $4,500 which ever is the greater. There are many years remaining on the lease. This information will only be given to qualified buyers. Turn key opportunity for a chef or manager owner/operator ready to make their reputation in the Sacramento area.

This is truly "Best of the Best."

TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
Sacramento Regional Manager Keith Simpson

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Plenty of years remain. Details to be provided to qualified buyer.
Total Monthly Rent:
$4,500
Security Deposit:
$4,500

Financials

Last Year's Annual Gross:
$1,733,498
Last Year's Owner's Cash Flow:
$164,000
Last Year's Food Cost %:
31.7
Last Year's Payroll Cost %:
31.88
Last Year's Rent %:
5

Operations

Liquor License:
47
# of Full-Time Employees:
25
# of Part-Time Employees:
25
Hours Open:
Lunch Tuesday-Friday 11.30am - 2.00pm
Dinner Tuesday-Sunday 5.30pm - 9.30pm
Year Established:
1974
Hood System Type 1:
Yes

Facilities

Indoor Seating:
85
Outdoor Seating:
85
# of Parking Spots:
25

Highlights

  • Price Reduction for Beautiful Restaurant
  • Fabulous lease, just 5% of sales or $4,500 which ever is greater.
  • Extremely rare opportunity that oozes with character
  • Absentee owner will Carry 30% of the Purchase Price
  • Ready for Chef/Manager owner to take to next level
  • This is a once in a decade opportunity at this price
  • Type 47, Full Liquor Licence with Bar.
  • Highly confidential. Name only given to Qualified Buyers
  • A Great Wedding Facility with bags of character
  • Superbly Attractive from the outside
  • Superbly Attractive on the inside
  • Great Wedding Reception Facility

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 41,317 73,629 279,857
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,360 28,284 106,551
2010 Persons Per Household 2.43 2.51 2.49
Median House Value $332,200 $298,010 $250,920
Income Per Household $73,720 $70,040 $57,882
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 866 1,402 4,922
2012 Number Of Employees 12,452 20,398 147,246
2012 Total Annual Payroll $172,486,000 $299,817,000 $3,513,005,000

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.

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