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#1762
Sacramento Restaurant For Sale

Family Style Italian Restaurant with Pizza and Beer & Wine

$85,000
Sold
Family Style Italian Restaurant with Pizza and Beer & Wine
This Listing is Sold
Selling Restaurants is proud to present this great family style Italian restaurant that also serves Pizza and beer and wine in a great location in east Sacramento area. This restaurant is an absolute steal at this price and it won't last. So don't waste time. Make an offer now!

Despite the weak economy and the lower sales, this restaurant is set for success with a great cost structure where it makes $5,000+ a month on sales of $25,000. The rent is less than $1 per sq. ft. including CAM. Food costs are less than 20%. Labor costs are 21%. With these percentages and when the economy turns-up, the buyer here will make a lot of money! Of course you'll need to operate the business as well as the current owner's mother does.

We had this restaurant sold at a much higher price over a year ago. Unfortunately the buyer had issues with the liquor license authorities and the deal fell apart at the last minute. The owners in anticipation of this sale, moved to Arizona where they have a very successful restaurant operating and they need to sell this NOW to get the mom to Arizona to help.

The present owners have created a superb reputation in the area and run a profitable and respected restaurant. The Kitchen was totally remodeled in 2007 with a new Hood, stoves, fridges and Ansul fire system.

No further investment is required and makes for an INSTANT turn key opportunity. Presently the owners only operate the restaurant for six evenings, totaling 27 hours per week therefore there is ample opportunity to increase Gross Sales by opening for lunch and at weekends capturing the wedding reception and Sunday Brunch market. The building itself is in good condition and has pleasant curb appeal. 2,500 square-foot situated in a small mall which has ample, well lit parking right up front. Currently there is no outdoor seating, which new owners may be able to establish. Inside, the dining room seats 75 and there is space for a further 25 seats outside. There is also ample preparation area and storage space and a good sized brand new Kitchen. The owners have priced this to sell quickly at only $85,000. The rent is also very low considering it's location at only $2,500 per month ($1.00 per sq ft) with 1/2 a year remaining plus a further 5-year option. The kitchen, while fully equipped, is laid out to maximize efficiency of movement. The tables, chairs and decorations all come with this fully equipped and ready to go restaurant.

DON'T MISS OUT this opportunity has huge potential for growth.
Select the button below title "want name and address" to get the location and Submit the online confidentiality agreement.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 May 2009 + 5 yr options
Total Monthly Rent:
$2,750
Security Deposit:
$4,750

Financials

Last Year's Annual Gross:
$280,000
Last Year's Owner's Cash Flow:
$50,329
Last Year's Food Cost %:
26
Last Year's Payroll Cost %:
20
Last Year's Rent %:
8

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
4
Hours Open:
Tue.-Sat. 4:30-9:00pm
Sun. 4:30-8:00pm
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
75
# of Parking Spots:
100
Inside Sq. Ft.:
2770

Highlights

  • Turn Key Establishment
  • Makes money even at lower volumes.
  • Modern Kitchen Facility and Prep area.
  • Type 41 licence with Bar and wine.
  • Well Decorated with Italian Concept.
  • Detailed Profit and Loss Statements Available
  • Profits Shown are from 2009 Year-to-date through September and then annualized.
  • Plenty of parking.
  • Great Opportunity for a Chef Owner.
  • Limited hours - dinner only. Huge increase in sale possible for lunch as well.
  • Owner relocated to Arizona and Must Sell Now.

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 16,110 142,759 308,131
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,593 58,262 124,720
2010 Persons Per Household 2.07 2.29 2.32
Median House Value $394,600 $247,170 $262,241
Income Per Household $81,076 $44,352 $46,755
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 495 4,690 9,683
2012 Number Of Employees 20,112 177,006 310,850
2012 Total Annual Payroll $533,446,000 $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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