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#826
Sacramento Restaurant For Sale

Turn Key, Highly Profitable Italian Restaurant

$210,000
Turn Key, Highly Profitable Italian Restaurant
This Listing is Expired
72% increase in sales from 2006 which totally bucks the recent ecomomy.
Family operated Italian restaurant in Sacramento California. Beer and Wine type 41 license is included. The present owners have created a fantastic reputation in the area and run a highly profitable, respectable restaurant. The Kitchen is brand new with a new Hood and Ansel fire system. This new Kitchen involved closing for the month of July last year, yet still the sales and profit growth is tremendous. No further investment is required and makes for an INSTANT turn key opportunity. Presently the owners only operate the restaurant for six evenings, totaling 27 hours per week therefore there is ample opportunity to increase further by opening for lunch and at weekends capturing the wedding reception and Sunday Brunch market. The building itself is in great condition and has pleasant curb appeal. 2,500 square-foot situated in a small mall which has ample, well lit parking right up front. Currently there is no outdoor seating, which new owners may be able to establish. Inside, the dining room seats 75 and there is space for a further 25 seats outside. There is also ample preparation area and storage space and a good sized brand new Kitchen. The owners have priced this to sell quickly at only $210,000. The rent is very low considering it's location at only $2,500 per month ($1.00 per sq ft) with 1 year remaining plus a further 5-year option. The kitchen, while fully equipped, is laid out to maximize efficiency of movement. The tables, chairs and decorations all come with this fully equipped and ready to go restaurant. Right now this casual Italian restaurant employs few employees, but has huge potential for growth. DON'T MISS OUT.
Select the button below title "want name and address" to get the location and Submit the online confidentiality agreement.
Sacramento Regional Manager Keith Simpson

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires May 24th 2009 + 5yrs option
Total Monthly Rent:
$2,500
Security Deposit:
$4,750

Financials

Last Year's Annual Gross:
$380,633
Last Year's Owner's Cash Flow:
$102,700
Last Year's Food Cost %:
26
Last Year's Payroll Cost %:
17
Last Year's Rent %:
9

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
7
# of Family Employees:
1
Hours Open:
Dinner Tuesday-Sunday 4.30pm-9.00pm
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
75
# of Parking Spots:
100
Inside Sq. Ft.:
2,500
Outside Sq. Ft.:
2500

Highlights

  • 72% increase in sales 2007 - 2006
  • Showing in excess of 100k cash-flow in 2007
  • 1st class condition and Brand new show Kitchen
  • Low Rent with 1 year remaining + 5 year option
  • Just $1.00 per sq ft
  • Plenty of scope to increase the hours of operation
  • Realistically Priced to sell quickly
  • Beautiful operation for new owners
  • Extremely clean operation
  • Too many extras to list
  • Perfect for a chef owner to expand their horizons
  • Priced extremly low, Great value

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 16,110 142,759 308,131
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,593 58,262 124,720
2010 Persons Per Household 2.07 2.29 2.32
Median House Value $394,600 $247,170 $262,241
Income Per Household $81,076 $44,352 $46,755
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 495 4,690 9,683
2012 Number Of Employees 20,112 177,006 310,850
2012 Total Annual Payroll $533,446,000 $4,294,967,295 $4,294,967,295

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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