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#3344
Sacramento Restaurant For Sale

Restaurant in Great Sacramento neighborhood

$38,000
Sold
Restaurant in Great Sacramento neighborhood
This Listing is Sold

We have a turnkey opportunity to own a restaurant in an upscale Sacramento community.

Established in 1976...Many of the old timers still talk about bringing their children in when they were young, while their children “now grown” come in with their own children and excitedly order from the original menu selections. Previously the restaurant employed more than 20 employees and delivered to all the local schools. One expected to wait for a seat if they arrived after 11:30 for lunch and due to the local cliental being upper pay scale government employees, large catering jobs ran several times a week.

Area: This is a great area of Sacramento close to the Sacramento river......Consisting of  Urban Sophisticates, Artsy/funky, Walkable and Friendly. 

INCOME

Upper middle income (well-above average income )

 

OCCUPATIONS          

 

   Mostly Executive, managerial & professional, some Government employees, some Clerical, assistants & technical support, some Sales & Service workers

Menu: The current menu consists of Homemade Soups, Salads, Sandwiches and Desserts.

Kitchen:  Comes with a hood system & equipped with all the necessary equipment to serve breakfast, lunch and dinner. There is also an outside storage as well.

Lease: Perfect size space @ 1,500sqf.  The rent is Great at $1.36 sqf.,  Base Rent is $2,041.87 + $200 nnn per month.

Untapped Potential:

  • Extended Hours/Serving Dinners (Currently only serving breakfast and lunch and closed on Sundays)
  • Catering (Not currently catering)
  • School Deliveries (Not currently delivering to local schools * small account with one local reading club*)
  • Espresso/Specialty Coffees
  • Breakfast potential not tapped.
  • Include Hamburger and Fries in Menu
  • Get beer and wine license
  • Get a web page, facebook page, and start facebook/yelp internet advertising

The owner has made many improvements to the business including adding some equipment, cleaning the place (really clean!) and implementing procedures to make the business run smooth. The owner has stated that sales are over $14,000 per month and growing. Currently lunch is the strong point. If a new owner were to focus on marketing and building  breakfast and dinner, sales are sure to climb nicely based on the owners experience to date.

Reason for selling: The current owner comes from a tech background and is returning to his previous occupation.  The owner has no experience in the restaurant business and has seen sales grow, so imagine if you added some experience. The owner is willing to provide training after the close to ensure things are on the right path towards success.

This one won't last long, so make your offer quick if you want it!

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This is a Paramount Restaurant Brokers, Inc. Listing. 

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

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
expires April 2013 + 5 year options
Total Monthly Rent:
$2,242
Security Deposit:
$2,042

Operations

# of Part-Time Employees:
4
# of Family Employees:
1
Hours Open:
7am to 5pm 6days
Year Established:
1975
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Inside Sq. Ft.:
1,500

Highlights

  • This Price at $38,000 is a steal !!! Act Quick it won
  • Good income demo
  • Established since 1975
  • Great potential to increase sales
  • Very clean restaurant
  • Great Price!
  • Owner Motivated Make offer soon before it

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 42,727 87,436 199,010
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 17,974 33,216 67,975
2010 Persons Per Household 2.28 2.50 2.76
Median House Value $326,400 $277,805 $246,577
Income Per Household $68,461 $57,064 $50,055
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 449 953 2,353
2012 Number Of Employees 8,162 18,898 59,608
2012 Total Annual Payroll $119,078,000 $283,895,000 $1,260,232,000

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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