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#3623
Sacramento Restaurant For Sale

Classy Italian Restaurant in Great East Sac. Neighborhood

$84,000
Sold
Classy Italian Restaurant in Great East Sac. Neighborhood
This Listing is Sold

This is a unique opportunity for a couple to own and operate an extremely classy restaurant in the River Park area of Sacramento. A Chef and Partner would be ideal as their first ever opportunity to run there own show. The interior of this business is fitted out to a high standard and shows beautifully. Take a look at the photos and you'll fall in love with this restaurant. You've got to see it! The Kitchen is in full view to the dining room. Presently the hours are only dinners six days a week and a new operator could open for lunch and Monday's, thereby greatly expanding the revenue's to exceed their expectations.

LEASE TERMS: The lease terms make this restaurant and bar opportunity one of the best you’ll find in this condition and market. Base monthly rent including CAM's is $2750 for 2,500 sq ft inside and 200 sq ft of outdoor dining.

This restaurant’s Location and lease terms make it extremely profitable. The building is full of real Italian charm. Complete with Italian Mural at the entrance, beautiful flooring which benefits from a real quality build out.

HISTORY: Buy the existing Restaurant's long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Type 41 Beer and Wine License OR bring Your Own concept and take advantage of the Long lease terms, furniture, fixtures, equipment.

FINANCIAL PERFORMANCE: The seller has shared that the monthly sales are in excess of $25,000 and the Seller will gladly discuss the monthly sales averages and expenses with serious buyers.

The Seller has stated that the business is extremely strong, even in this economy. This is a great indication that should continue with increased stability in the economy. The main dining room will seat 60+. This is a great locals dining spot and has an intimate ambiance with many good Yelp reviews.

REASON FOR SELLING: The Sellers have other business commitments and goals and are ready for a new challenge.

TAKE THE NEXT STEP.
Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.

Paramount Restaurant Brokers, Inc. Listing

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 July 2014 + 5 year option
Total Monthly Rent:
$2,750
Security Deposit:
$2,500

Financials

Last Year's Annual Gross:
$300,000
Last Year's Rent %:
11

Operations

Liquor License:
41
# of Part-Time Employees:
7
# of Family Employees:
1
Hours Open:
Sun-10am - 2pm & 4.30pm - 8pm
Mon-Closed
Tues 4.30pm - 8.00pm
Weds&Thurs 4.30pm - 8.30pm
Fri & Sat 4.40pm - 9pm
Year Established:
1990
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
12
# of Parking Spots:
40
Inside Sq. Ft.:
2500
Outside Sq. Ft.:
200

Highlights

  • Classy Neighborhood Restaurant
  • Such a nice Business to Operate
  • Full of Real Italian Charm
  • Open Kitchen
  • Would suit a Chef and Partner
  • First time owners recommended
  • Completely fitted and ready to go
  • Hours can be expanded
  • Gourmet Pizza and Pasta recipes included
  • Turn Key operation
  • This is a successful and popular business
  • Great Location and Opportunity

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 16,110 142,759 308,131
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,593 58,262 124,720
2010 Persons Per Household 2.07 2.29 2.32
Median House Value $394,600 $247,170 $262,241
Income Per Household $81,076 $44,352 $46,755
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 495 4,690 9,683
2012 Number Of Employees 20,112 177,006 310,850
2012 Total Annual Payroll $533,446,000 $4,294,967,295 $4,294,967,295

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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