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#5488
Sacramento Restaurant For Sale

Nightclub with 48 Hard Liquor in DownTown Sacramento - Low Rent!

$99,950
Available
Nightclub with 48 Hard Liquor in DownTown Sacramento - Low Rent!



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Nightclub located Downtown area of Sacramento.

Seller has priced this type 48 Bar to sell quick @ $99,950 and will consider offers!

 The buyer will need to qualify and negotiate new lease terms. The lease will need to be closer to market-rate rents for landlord consideration. 

Established in 1999 as a Nightclub &  Entertainment venue. 

Includes large walk-in cooler, two service wells, tap system, lighted production stage and sound equipment, HD projector, POS system and more. 

Rare Type 48 Full Liquor License (with no food requirement), Entertainment permit in operation(buyer will need to apply for their own permit). 

Excellent investment opportunity for an experienced operator to take over and significantly increase profitability with a new approach or concept. 

  • Dedicated parking 10 spots
  • Midtown location
  • Known for offering a diverse range of music including blues, rock, alternative & Reggae...
  • Customers appreciate the exceptional sound quality this venue offers
  • There is potential to modify into a Cafe & Bar, Pub & Grub... Enhance the beverage and food opportunities and this place could really thrive by exposing the existing windows and adding a patio.

‚ÄčPrep area available for a simple food menu if desired.

Good Rent: $4,229 for 2,600+- sqft.

Make your Offer soon...Opportunities like this one are hard to come by. A small seller note may be available to qualified buyer 

Sign the electronic NDA for address and more details...Take a Look at the area, surrounding venues & businesses... the possibilities are endless!

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires December 31st, 2019, plus 2 five year options
Total Monthly Rent:
$4,229

Financials

Last Year's Annual Gross:
$228,374
Last Year's Food Cost %:
25.5
Last Year's Payroll Cost %:
23
Last Year's Rent %:
19

Operations

Liquor License:
48/58
# of Part-Time Employees:
1
# of Working Owners:
1
Hours Open:
8p-midnight
Year Established:
2000

Facilities

Indoor Seating:
160
# of Parking Spots:
10
Inside Sq. Ft.:
2500

Highlights

  • Incredible Price for experienced individual to make this spot Flourish!
  • Up and coming area
  • Upside to add kitchen... Pub & Food concept
  • Offers will be Considered
  • Many Conversion Possibilities
  • Large occupancy rating of 160
  • Rare Type 48 Full Liquor license
  • New lease required
  • Local Live music venue
  • Dedicated private parking area

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 16,653 145,855 410,336
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,191 61,966 154,685
2010 Persons Per Household 1.66 2.20 2.49
Median House Value $427,800 $287,813 $239,583
Income Per Household $49,953 $46,577 $47,241
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 850 5,727 10,632
2012 Number Of Employees 25,966 195,444 349,690
2012 Total Annual Payroll $837,120,000 $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 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 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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