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#3911
Sacramento Restaurant For Sale

Profitable Downtown Sacramento Restaurant! High Foot Traffic Location!

$129,000
Sold
Profitable Downtown Sacramento Restaurant! High Foot Traffic Location!
This Listing is Sold

Downtown Sacramento Deli and Grill close to Major office spaces, Capitol and Convention center!

Great Foot Traffic!

This restaurant has a large Dining area with huge! walk through counter/order line.

This Restaurant Concept possibilities are endless from casual to upscale or Keep the current menu.... it's profitable and well liked.

There is several upscale restaurants just steps away and plenty of parking in nearby garages. This is a very safe area as well with major hotel security in same building.

There is a shaded 400sqf Patio for additional seating and ambience.

There are two bathrooms and a good size private office.

Also included is a large 375 sqf storage catering/prep room that has prep tables and freezers in it now, but has its own possibilities with creative ownership.

Current Menu:  Breakfast, Deli sandwiches, hamburgers, Panini's, Salads, Soups and more. Minimal staff needed with current concept, helps keep labor costs down.

 Kitchen :     Wolf range with 2 convection ovens, 6 burners, 24" flat top, Fryer, Char broiler, walk in Cooler, freezers and much more, Everything you need to run a full restaurant and plenty of room for catering.

Sales:    $ 425,233....2012..with an adjusted net income of $ 55,436_........ Sales have been trending upward Each year with the current ownership and a great reputation!    (Adjusted income contains wages for 2 working owners at 32 to 40 hours per week each. A single owner operator would need to make an adjustment for cash flow.)

Lease: Reasonable Rent  for a downtown Location at  $5,759 for 2,851 sqf, plus nnn $1,307. They have plenty of options in lease and lanlord takes care of the area well!

Upside Potential:

  • Add Menu items
  • Add Beer and Wine
  • Would work great for Upscale restaurant or Franchise with some TI's
  • Could easily increase profit with a few menu enhancements
  • Increase hours

 Reason for Selling: Owners need to attend to family members needs.

This is a well priced turn key operation.

Owners will consider some financing to qualified buyer!

A Paramount Restaurant Brokers, inc. Listing.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
expires Nov. 30, 2014 + 3 - 5 year options
Total Monthly Rent:
$7,066
Security Deposit:
$12,634

Financials

Last Year's Annual Gross:
$425,233
Last Year's Owner's Cash Flow:
$55,436
Last Year's Food Cost %:
29
Last Year's Payroll Cost %:
29
Last Year's Rent %:
15

Facilities

Inside Sq. Ft.:
2,851
Outside Sq. Ft.:
400

Highlights

  • Great location
  • Tons of foot traffic
  • Near upscale Hotel
  • Near Convention center
  • Near Major High Rise Offices
  • Near Capitol

Financing

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

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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