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#812
Sacramento Restaurant For Sale

Great Restaurant Location in Midtown Sacramento!

$55,000
Sold
Great Restaurant Location in Midtown Sacramento!
This Listing is Sold
This restaurant is located in Midtown Sacramento and was established in 1993. They serve traditional and American Chinese Food. The restaurant is know for their fantastic deep fried fish and Taiwan dim sum on Saturday and Sunday. There is a great lease expiring 6-01-2013 with monthly rent only $3,500 a month including CAM Charges and the equipment for 2,830 Sq. Ft. The restaurant has bar serving beer and wine. It seats up to 90 guests. The asking price also included another fast food location where the rent and utilities is only 15%. The seller needs a long vacation after working hard the past 14 years. Please click the orange link below immediately to obtain the business name and address after signed the Confidentiality Agreement or register to become our valuable prefer buyers.
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 on 6-1-2013
Total Monthly Rent:
$3,500
Security Deposit:
$2,500

Financials

Last Year's Annual Gross:
$360,000

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
Sun to Thur 11am-9pm
Fri to Sat 11am-9:30Pm
Year Established:
1993
Hood System Type 1:
Yes

Facilities

Indoor Seating:
90
Inside Sq. Ft.:
2,830

Highlights

  • Best Location in Midtown for New Concept.
  • Turn Key business location Great for Asian Food.
  • Restaurant Has Total 2830sq/ft.
  • Affordable Rent only $1.25 Per Square Foot.
  • The Lease Expires 6-01-2013.
  • Asking Price Included Another Small Business Location.
  • Monthly Gross Sales $30,000 according to Seller.
  • Seller Is Burned Out After 14yrs Hard Work.
  • Please Sign the Confidentiality Agreement to get the name and address.

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 16,653 145,855 410,336
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,191 61,966 154,685
2010 Persons Per Household 1.66 2.20 2.49
Median House Value $427,800 $287,813 $239,583
Income Per Household $49,953 $46,577 $47,241
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 850 5,727 10,632
2012 Number Of Employees 25,966 195,444 349,690
2012 Total Annual Payroll $837,120,000 $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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