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#1262
Sacramento Restaurant For Sale

Sacramento Area Sport Bar for sale

$550,000
Sacramento Area Sport Bar for sale
This Listing is Expired
Selling Restaurants presents this well established and rare sports bar with a type 48 hard liquor license in the Sacramento area that is also perfect for a club location too. The owner believes in the qualityt of the bar's earnings that he will now Carry $100,000 of the purcahse price. Its been in business since the early 90's and has an established client�le. The bar is 100% absentee operated, meaning a working owner can bring their personal touch, beverage and financial management, and marketing and promotion skills to the business and bring far more profit to the bottom-line than the current owner. Pouring costs are in the 35% range. This facility shows well, indicating the owner makes good money. There are solid tax returns available showing plenty of profit to obtain SBA financing with 30% down and with a buyer having at least 5 years in a bar management/ownership position and good credit. There are 2,760 Sq. Ft. inside and about 300 Sq. Ft. of gated outside patio. There is also a kitchen not currently used with a large hood system in place. Seller is not very experienced in this business as this was his first bar, yet he's done a great job running the place absentee but he wants to move on from this type of business to other businesses.

Please don't call if you don't have at least $70,000 as a down payment for an SBA loan.

Please select one of the orange buttons below to get the name and address.


This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires Feb. 28, 2011 + More Options Available
Total Monthly Rent:
$5,683

Financials

Last Year's Annual Gross:
$611,864
Last Year's Owner's Cash Flow:
$198,459
Last Year's Food Cost %:
34.2

Operations

Liquor License:
48
# of Full-Time Employees:
3
# of Part-Time Employees:
7
Hours Open:
11:00am to 2:00am
7 Days a week
Year Established:
1993
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
30
# of Parking Spots:
100
Inside Sq. Ft.:
2,760
Outside Sq. Ft.:
300

Highlights

  • Rare Sports Bar with Type 48 in Sacramento.
  • Solid Annual Revenue Growth.
  • Absentee Operated.
  • Great Location with BIG Club potential.
  • No housing around the building.
  • Large Outside Patio for Smoking.
  • Clean Operation with Good Books.
  • All personnel in place to operate.
  • Established since early 90
  • Beverage costs 35%+ - great upside to reduce costs/theft
  • Buyer must have 30% cash on hand - no exception. Please don

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 39,149 95,943 274,263
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,012 37,586 100,567
2010 Persons Per Household 2.66 2.43 2.56
Median House Value $170,700 $211,730 $244,348
Income Per Household $56,280 $48,490 $52,707
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 574 3,918 7,890
2012 Number Of Employees 21,158 132,156 263,308
2012 Total Annual Payroll $771,755,000 $3,587,391,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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