The price has recently been reduced for this Family style Italian restaurant on busy Hwy 88. Near many local Wineries, this restaurant in Amador County stands out on a busy hwy near Jackson CA, on the way to Tahoe and Kirkwood Ski resort. In the winter there is major traffic returning from ski days, while in the summer months, Hwy 88 carries heavy day-time travelers going to and from Lake Tahoe. The restaurant has been here for many years and has established a great reputation and a good local following. This 2,700 square-foot restaurant is situated at the end of a small mall and has ample, well lit parking. Currently there is no outdoor seating, which new owners may be able to establish. Inside, the dining room seats 50 with a separate well equipped Bar seating a further 40. There is also ample preparation area and storage space and a good sized Kitchen.
The price has recently been reduced to $159,000 and would qualify for SBA finance. The owner's cash flow is $79,000 per year. The rent is only $2,900 per month with 3 years remaining plus a 5-year option. Right now this casual Italian restaurant employs few employees, but has huge potential for growth.
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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:
Expires June 30th 2010 + 5 Option
Total Monthly Rent:
$2,900
Financials
Last Year's Annual Gross:
$396,000
Last Year's Owner's Cash Flow:
$79,000
Last Year's Food Cost %:
32
Last Year's Payroll Cost %:
23
Operations
# of Part-Time Employees:
4
Hours Open:
Lunch and Dinner seven days a week from 11.00am.
Highlights
- Price reduced for this Italian family style restaurant
- WOW! What Great Value for this high profit business
- Visability from the hwy, on main route to major ski resort
- Priced to sell quickly
- Rent only $1 per sq ft
- Don't miss this "BUYERS" opportunity
- Recently renovated
- Large Kitchen
- Nice size for owner operator
- Fabulous opportunity for new owners to make their mark
- Established locals Bar & Restaurant with great reputation
- Great condition throughout, therefore a Turn key business
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
5-mi |
2014 Total Population |
4,653 |
Households |
5-mi |
2010 Number Of Households |
2,432 |
2010 Persons Per Household |
2.19 |
Median House Value |
$254,600 |
Income Per Household |
$53,391 |
Businesses |
5-mi |
2009 Number Of Businesses |
51 |
2012 Number Of Employees |
404 |
2012 Total Annual Payroll |
$5,228,000 |
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.