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#1611
Sacramento Restaurant For Sale

Fine Dining Restaurant For Sale: Superb Sacramento Restaurant with Banqueting

$495,000
Sold
Fine Dining Restaurant For Sale: Superb Sacramento Restaurant with Banqueting
This Listing is Sold
Selling Restaurants is proud to present this rare opportunity to own and operate this highly respected upscale Restaurant with decades of history situated in the Sacramento area. This restaurant is not part of any chain but does require the utmost confidentiality.
The Owner is also willing to carry a portion of the asking price, but only to extremely qualified, experienced Buyers.

There is a Quaint Bar seating about 30 and the Restaurant seats 85. A must see beautiful outdoor Patio Garden area (probably the nicest in Sacramento) seating a further 100 and a type 47 Full liquor license is included with this sale.

This is a high volume, $1.4 million (2008) independently owned restaurant with years and years of Goodwill that a buyer would be proud to own and operate.
Full Financials are available, but are only released to qualified buyers.
The lease is extremely low at 5% of sales with many many years remaining.
No time wasters please!

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.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
21 Years Remaining with options.
Total Monthly Rent:
$4,500

Financials

Last Year's Annual Gross:
$1,466,855
Last Year's Food Cost %:
33.6
Last Year's Payroll Cost %:
39.21
Last Year's Rent %:
5

Facilities

Inside Sq. Ft.:
3,000
Outside Sq. Ft.:
3000

Highlights

  • Highly respected, Fine Dining establishment
  • Award Winning
  • High Volume $1.4 million Gross Sales in 2008
  • Under present Ownership for over 20 years
  • Beautiful Building in first class condition
  • Owner willing to carry a portion of the sale to Qualified Buyers
  • Turn Key
  • Percentage lease at only 5% of monthly sales!
  • 35 years a restaurant
  • A Beautiful Garden for Weddings and Special Events
  • A must see
  • Full Financials available to qualified Buyers

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
This Listing is Sold

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

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.

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