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#245
Sacramento Restaurant For Sale

Italian Family Style Restaurant serving pizza

$360,000
Sold
Italian Family Style Restaurant serving pizza
This Listing is Sold
This restaurant has been a tradition in the neighborhood for over 40 years serving great Italian food including Pizza amd pasta dishes. Located on a corner lot this restaurant has thousands of cars drive by each day, great street visability and is located in a well maintained building. This store has good financials and is SBA approved for 20% down.
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:
5 yr option
Total Monthly Rent:
$3,793
Security Deposit:
$3,440

Financials

Last Year's Annual Gross:
$731,324
Last Year's Owner's Cash Flow:
$142,892
Last Year's Food Cost %:
24.1
Last Year's Payroll Cost %:
31.5
Last Year's Rent %:
6.7

Operations

Liquor License:
47
# of Part-Time Employees:
25
Hours Open:
7 days; dinner only
Year Established:
1965

Facilities

Indoor Seating:
80
Inside Sq. Ft.:
3,600

Highlights

  • Italian Dinner House
  • Landlord will provide 10 year lease as SBA Requires
  • Monthly rent is $3,793
  • Large Bar Area
  • $70,000 Down with Restaurant Experience Buys this Store
  • Annual sales $730K +
  • Owner cash flow $142K +
  • High Traffic Corner Lot in single story building
  • Recently started only doing Dinners
  • Type 47 Liquor License (Hard Liquor)
  • Great Italian Food with Long Tradition since 1965
  • Owners are burnt-out and need change

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 60,195 402,071
Households 3-mi. 5-mi
2010 Number Of Households 25,311 152,870
2010 Persons Per Household 2.30 2.48
Median House Value $301,000 $240,586
Income Per Household $54,322 $52,265
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,020 8,292
2012 Number Of Employees 27,234 270,096
2012 Total Annual Payroll $578,882,000 $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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