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#534
Sacramento Restaurant For Sale

First Class Ready to Go Club With Type 48 & Dance Permit

$350,000
Sold
First Class Ready to Go Club With Type 48 & Dance Permit
This Listing is Sold
This is a top-of-the-line club that at one time serviced the "AAA" crowd. It features two bar areas, dance floor, private room, DJ booth and equipment, office, and storage. The tenant improvements exceed $750,000. The new owner must rebrand the location and target another demographic in the area. The club is ready to go with little capital needed to convert the name and market. All improvements and equipment are nothing but the highest quality one would expect from a first rate club. This club generated $1.1 million gross from 2,670 Sq. Ft. with monthly rent of about $6,200 plus CAM. It is located in the heart of the hip downtown area surrounded by businesses and hotels. The current lease runs through 2012 with 2 five year options. The owner is not a club person and needs to sell.
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:
6 years remain + 2 fie year options
Total Monthly Rent:
$6,200

Operations

Liquor License:
48
Year Established:
2003

Facilities

Indoor Seating:
125
Outdoor Seating:
50
Inside Sq. Ft.:
2,670
Outside Sq. Ft.:
400

Highlights

  • First Class Club Facility
  • Lease through 2012 plus 2 five year options
  • Great downtown location
  • Below market rent @ 2.30 sq. ft.
  • Dance, private room, two bar areas, upscale equipment
  • Outside patio for smokers with easy access
  • 2,670 Sq. Ft. inside plus about 400 Sq. Ft. outside
  • Centrally located in hip area to be.
  • Base Rent is about $6,200.
  • Type 48 License + Dance Permit (May not be transferrable, but should be relatively easy to get)

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 15,195 105,955 271,312
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,314 46,742 105,480
2010 Persons Per Household 1.51 2.14 2.42
Median House Value $304,970 $295,035 $249,460
Income Per Household $35,074 $49,238 $47,847
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,264 4,385 7,885
2012 Number Of Employees 62,930 129,948 275,406
2012 Total Annual Payroll $1,672,587,000 $3,733,567,000 $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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