SellingRestaurants proudly presents a fantastic opportunity to own a 3,200 sq. ft. restaurant with real estate in a super high traffic, prime location in Carmichael. The building is already setup as nearly a turn-key restaurant. Just add tables, chairs and a few pieces of kitchen equipment and you will be up and running quickly!
There could be a wine and beer License available as well.
Beautifully decorated with Venetian plastered walls and concrete pillars, a custom made wine bar and more...this restaurant is only limited by your imagination. Previously the facility served as a high end restaurant and caterer, but could also serve a nicely appointed casual establishment as well. American, Italian, Greek, French or where ever your passion steers you!
The current owner had his life in Italy interrupted to come back to deal with a tenant who walked away from the building and filed BK. The tenant didn't fail because there wasn't volume at this location; rather the tenant failed because he had grand visions of being "THE" caterer to the stars and the wealthy with their luxury living style and their private planes. Unfortunately the recession killed those plans and his services were the first to be cut.
The owner wants to return to Italy immediately or open up an Italian Restaurant & Pizzeria. So this Last Opportunity to pick up this property at a this low price even in this depressed market.
This price was determined using a net rent of $4,000 a month (which is nearly 40% lower than what the building was renting for just a few months ago) with a cap. rate of 9%. You can play with the numbers yourself and you'll end-up discovering this is a great buy!
You will own the building so you can operate as owner/operator or lease the building as you see fit.
The bottomm line for an investor is you can lease it out and have a positive cash flow imediately or sell it in a few years and turn a profit.
The owner operator scenario is just as good with a mortgage that is less than most leases in similar high traffic around Sacramento.
Think about your current situation, what would you future be like with below market rent with an asset to sell later.
What are you waiting for ...Be the landlord and have the opportunity to see a return on you rent monies!
Make an offer now and benefit from a price that is thousands below market value!
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. 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.
Restaurant Broker Scott Beaton DRE License #01853968
Sacramento Restaurant For Sale
Will Consider Doing A lease
- Great investment!
- Free standing building
- High Traffic area of Carmichael
- Great Signage
- Way below Market for a turn restaurant and property
- Nicely Remodeled
- Neighboring Landowner Will Lease out parking spaces at a low cost.
- Hood system
- Zoned Light Commercial
- Act now before the owner reopens as previous restaurant
Will Seller Lend To Buyer:
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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.