Sacramento Restaurant For Sale
Restaurant in Great Sacramento neighborhood
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.
Restaurant Broker Scott Beaton DRE License #01853968
Lease
Operations
Facilities
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
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
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