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#5438
Sacramento Restaurant For Sale

$50k PRICE DROP IN BOOMING DOWNTOWN SACRAMENTO - ACT QUICKLY

$99,000
Available

Great opportunity with close proximity to Golden 1 Center and Convection Center.

Owner has been successful at this location for 12 years but wants to retire and move back East to be close to his family so has reduced the price to $99k for quick sale.

Save money and time by avoiding construction and the hassles of permitting and construction in this downtown Sacramento location.

Currently operating as quick-serve but could easily be converted to full-serve. You can take over and improve the current operations or convert to your own concept. The space has a long counter and two beautiful exposed brick walls and with the addition of a beer & wine license it could be a VERY cool gastro-pub, tap room, hip burger place or many other concepts. Owner states easy to get beer & wine license as he had one but gave it up because he did not want to work nights. 

There is TREMENDOUS opportunity to increase sales. Current owner uses no delivery services such as Grub-Hub; Uber-Eats, etc and does no catering or office drop-offs despite being near and surrounded by high density office buildings and condos/apartments. In addition they are not open for dinner.

The restaurant shows pride of ownership. The front counter area has a multi spout soft-serve ice cream machine and a 3 head milkshake mixer. The 12' hood has a 3' griddle, 3' char-broiler, 6 burners with oven and 2 fryers. Adjacent to the hood there is a long production line with stainless steel work-tops, a steam table, microwave, refrigerated prep table and a refrigerated keg box/cooler. There is a separate dish area with a new corner dish machine, 3 compartment sink and walk-in refrigerator.

Owner states it is primarily a cash business and no books will be provided so in essence, this is an asset sale. However, you are welcome to keep the business name if you desire. 

 

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Chaz Gaddie DRE License #02057673

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
ex; Feb 28, 2020 + 1 five year option
Total Monthly Rent:
$3,894
Security Deposit:
$4,200

Operations

Liquor License:
None
# of Part-Time Employees:
3
# of Working Owners:
2
Hours Open:
7:00 to 5:30 Monday - Friday
9:00 to 4:30 Saturday
Closed Sunday
Year Established:
12
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
# of Parking Spots:
Street
Inside Sq. Ft.:
2040

Highlights

  • LOW start-up cost in downtown Sacramento
  • Below Market Lease
  • Owner states primarily cash business
  • Near Convention Center & Golden West Center
  • Pride of Ownership - Exceptionally Clean
  • Keep as-is or easy to update and/or convert
  • Location would work great for Gastro-Pub, Tap Room or Gourmet Burger or many other concepts
  • Tremendous opportunities to increase sales with expanded hours, catering & delivery
  • Versatile Line & Equipment
  • 2 beautiful exposed brick walls inside
  • Owner states Beer & Wine license possible as he had one before
  • Stand-up basement for bulk purchasing or catering equipment storage

Financing

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

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

DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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