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#2014
Sacramento Restaurant For Sale

Classic Neighborhood Bar with Type 48 - 30+ Years in Business

$275,000
Sold
Classic Neighborhood Bar with Type 48 - 30+ Years in Business
This Listing is Sold
SellingRestaurants is honored to be given the opportunity to sell this classic neighborhood bar that's been operating for more than 30 years and is practically recession proof.

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.
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:
Expires 7/31/2013 + Options Available
Total Monthly Rent:
$1,300

Financials

Last Year's Annual Gross:
$363,582
Last Year's Owner's Cash Flow:
$131,830

Operations

Liquor License:
48
# of Full-Time Employees:
2
# of Part-Time Employees:
4
Hours Open:
7AM - 2AM
Year Established:
1978

Facilities

Indoor Seating:
60
# of Parking Spots:
30
Inside Sq. Ft.:
1,600

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

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

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 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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