Sacramento Restaurant For Sale
Heart of Sacramento's Mid-Town Bar and Restaurant - Absentee Operated
Sold
Located in the heart of all the action in Mid-Town Sacramento, this neighborhood style restaurant and bar is the talk of the town with weekly live music and a wide selection of craft beers and whiskeys, winning this restaurant and bar national recognition for product innovation and entertainment.
The warmth of the bar and dining area feels like you're set back 150 years into the Sacramento's mid-1800's, with red brick walls, dark oaks wood finishes throughout plus an old fashion back-bar keeping you staring at the huge selection of whiskeys while you ponder to yourself..."where do they find all these whiskey's!"
And the restaurant and bar's success shows-up in Yelp reviews with most of the reviewers giving the restaurant and bar 4 and 5 stars, all talking about the wide selection of beers as well as cocktails. As for the food, the reviewers clearly love it with nearly every one gives it high ratings!
But it's all about the numbers, right! Well this place has the numbers! Since opening sales have grown each year with 2014 results at $1,290,000. That's over $1,060,000 of high margin liquor being sold here! And speaking of tax returns, this business has solid ones and is perfect for an SBA loan with 20-30% down! The working Owner's Cash flow is about $137,000 for 2014. Get a working owner in the business and the profits will surely be much higher. AND THIS IS ONLY PRICED AT 2.1 Times 2014 Owner Cash Flow!
There is about 3,200 Sq. Ft. with a large outside patio in a stand alone building. There's seating for 105 inside and 24 outside. But when you pack them in the fire marshall has placed the occupancy at 275 inside and 51 outside! That's a lot of thirsty people making you money!
The landlord is friendly and easy to work with, making this even a sweeter deal!
All buyers must talk to me...before name and address are provided. You must be qualified meaning have 5 years restaurant and bar management experience, a FICO score north of 700 and show at least $60,000 in the bank for the SBA loan. Of course, if you're as rich as Warren Buffet, that will work too!
So go to our website at www.sellingrestaurants.com to get teh name and address of this business.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- Rare Mid-Town Bar For Sale
- Type 47 Liquor
- Recently Remodeled
- Absentee Operated
- High Volume Liquor Sales
- Craft Beers
- Wide Selection of Whiskeys
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 15,195 | 131,865 | 343,822 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 9,314 | 55,496 | 130,845 |
| 2010 Persons Per Household | 1.51 | 2.25 | 2.46 |
| Median House Value | $304,970 | $266,889 | $236,168 |
| Income Per Household | $35,074 | $46,405 | $45,915 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 2,264 | 5,492 | 9,942 |
| 2012 Number Of Employees | 62,930 | 172,590 | 343,536 |
| 2012 Total Annual Payroll | $1,672,587,000 | $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 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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