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#3464
Sacramento Restaurant For Sale

Great Mediteranean Restaurant, Great Reputation, Great Location! Hard Liquor License!

$250,000
Great Mediteranean Restaurant, Great Reputation, Great Location! Hard Liquor License!
This Listing is Expired

We present this unique opportunity to own and operate one of Sacramento's highly reputed Mediteranean Restaurants situated on a major thoroughfare. The interior of this business is Turn Key and shows beautifully. Take a look at the photos and you'll fall in love with this Restaurants. You've got to see it!

LOCATION: Situated on a major Hwy, in area known for it's high density of Restaurants "Restaurant Row," in a high traffic area. This unique Business stands out with high roadside visbility and  ample parking off the main highway.

CATERING: Current owners do Cater at present, and with the restaurants location the opportunity to Cater further could easily be attractive to a Caterer of note. With central oveheads covered in the Restaurant, your Catering operation would be far more profitable and this kitchen can cope with multiple events going on without effecting the dining room service

LEASE TERMS: The lease terms make this restaurant and bar opportunity one of the best you’ll find in this condition and market. Monthly rent is $4575 for 1,780 total usable square fee and 1000 sq ft on the outside patiot. Folks!! THAT’S ONLY $2.80 per square foot.

Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent in South Lake Tahoe. This restaurant’s Location and lease terms make it a real buyers opportunity. The building is extremely attractive from the outside and once inside you'll love it.

Outside Patio seating for 50, right along the front makes this the perfect spot for "Al Fresco" dining in the early evenings 8 months of the year.

HISTORY: Buy the existing Restaurant long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Full Liquor Type 47 License OR bring Your Own concept and take advantage of the Long lease terms, furniture, fixtures, equipment.

FINANCIAL PERFORMANCE: The seller has shared that the monthly sales are quite seasonal and the Seller will gladly discuss the monthly sales averages and expenses with serious buyers.

The Seller has stated that the business is extremely strong, even in this economy. This is a great indication that it should continue with increased stability in the economy. The opportunty to grow the business in catered events should not be missed

HOUR OF OPERATION: Presently open daily from 11.00am to 9.00pm. There is plenty of scope to increase business by opening later and increasing the endless possible Catering business, especially in this high trafic commercial location.

REASON FOR SELLING: The Seller has many other business interests and wishes to concentrate on these.

TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.

This is a Paramount Restaurant Brokers, Inc. Listing

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
2 x 5 year otions
Total Monthly Rent:
$4,575
Security Deposit:
$4,575

Financials

Last Year's Annual Gross:
$620,111
Last Year's Rent %:
8.8

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
12
Hours Open:
11.00am - 9.00pm Daily
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
65
Outdoor Seating:
50
# of Parking Spots:
50+
Inside Sq. Ft.:
1,780
Outside Sq. Ft.:
1000

Highlights

  • Superb Turn Key Mediteranean Restaurant
  • Fully Equipped in AAA condition
  • Type 47 Full Liquor License
  • Sales average for 3 years $700,000
  • Great Sacramento Location - Howe & Fair Oaks
  • High Visibility from the main road
  • Same ownership for 12 years
  • Nice show Kitchen
  • Ample Parking
  • Huge growth for Catering
  • On the market after family business for 12 years

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 32,914 137,153 368,001
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,980 55,839 144,253
2010 Persons Per Household 2.03 2.32 2.40
Median House Value $215,900 $258,300 $254,276
Income Per Household $37,605 $53,931 $48,538
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,690 4,534 9,161
2012 Number Of Employees 53,182 150,110 313,126
2012 Total Annual Payroll $1,287,802,000 $3,458,790,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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