The Perfect Nighclub Opportunity in Folsom Area + Large Restaurant with Hard Liquor + Liquor Catering too!

Fantastic opportunity for the seasoned restaurateur or club owner who desires a large facility (6556) sq. ft with seating for 225 people, bar seating for 50, private banquet seating for 75 and outdoor seating for 100. A highly coveted type 47 and 58 (caterer permit) licenses are included. The kitchen is enormous with too much equipment and small wares to list. For you clubbers all you need is to secure the easy to obtain Entertainment permit, add your personal touches and you are in business! For you restaurant folks operate as is or convert to your own concept. Either way the hard work has been done for you. No need to worry about the cost, time and headaches of an expensive and time consuming build out or city permitting process. The rent is very reasonable with a base of $8195 and CAM charges that average around $2800 that�s only $1.67 a sq ft.! The Restaurant had over $1,000,000 in sales in 07. The right buyer is a highly experienced operator with a good back ground and solid financials for the landlord; who has their finances ready to do the deal, and is ready to move quickly. If the buyer takes over the C-Corp entity, there is plenty of financing opportunity built in, along with great tax savings benefits and time saving process. The Buyer can obtain financing by assuming the Seller�s debts including a $200,000 loan, purveyor debts, and sales tax liabilities. In addition, there is an additional loss carry-forward of over $412,000 to reduce the buyer�s future tax liabilities. If the C-Corp. is purchased, there no time consuming bulk sale transfer or liquor license transfer process.
Take the next step and act quickly to complete the online confidentiality agreement to be provided with detailed pictures and the location address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities.

Demographics

Population	3-mi.	5-mi
2014 Total Population	70,184	145,145
Households	3-mi.	5-mi
2010 Number Of Households	24,935	50,101
2010 Persons Per Household	2.62	2.70
Median House Value	$385,500	$376,613
Income Per Household	$98,547	$96,068
Businesses	3-mi.	5-mi
2009 Number Of Businesses	1,911	3,439
2012 Number Of Employees	61,904	91,934
2012 Total Annual Payroll	$2,125,271,000	$2,869,832,000

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