Sacramento Restaurant For Sale
Classic Neighborhood Bar with Type 48 - 30+ Years in Business
Sold
This is a typical bar where folks simply meet, hang-out, talk and have a few drinks. The business is stable; the bar is clean, neat and in good shape; the restrooms are clean, new and ADA compliant; there is plenty of parking; and the building looks to be in good shape with a BRAND NEW Air Conditioning system.
The owner doesn't work the bar per se, although he does show-up between golf games to pay the bills and to catch-up with what's going on.
Besides the great bar business there are multiple revenue streams with games and the ATM machine as well. The business has solid tax returns and history. We could get and SBA loan for the buyer with good credit, 20-30% down payment and bar experience.
The adjusted net is outstanding at about $131,000 this year (2009) with revenues only down 4% over 2008. This bar was earning $165,000+ before the recession. Price is only 2.1 times THIS YEAR'S ANNUALIZED EARNINGS! STEAL IT, PLEASE!
Now this rare bar could be yours, but don't hesitate because these places go fast because they're relatively easy to manage.
Select one of the orange buttons below to get the name and address.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- Great Rare Profitable Neighborhood Bar
- Low Rent at only $1,300 a month
- Solid Earnings History
- Numbers are from 2009 Results Annualized Using August P&L
- Primarily Absentee Operated
- Well Run Bar
- SBA Loan Possible as there are Tax Returns and Plenty of Historic Profit
- Buyer should have no less than 20% down - FICO of 700+ - 5+ years of Bar Experience
- Please don't contact or talk to patrons or employees
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 37,154 | 156,391 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 12,628 | 53,684 |
| 2010 Persons Per Household | 2.74 | 2.76 |
| Median House Value | $255,300 | $216,871 |
| Income Per Household | $63,559 | $61,663 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 926 | 2,899 |
| 2012 Number Of Employees | 34,728 | 112,876 |
| 2012 Total Annual Payroll | $744,230,000 | $2,783,990,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.
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