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#4292
Sacramento Restaurant For Sale

Heart of Sacramento's Mid-Town Bar and Restaurant - Absentee Operated

$350,000
Sold
Heart of Sacramento's Mid-Town Bar and Restaurant - Absentee Operated
This Listing is 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. 

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:
March 31, 2017 + 2 Five Year Options
Total Monthly Rent:
$8,700

Financials

Last Year's Annual Gross:
$1,290,000
Last Year's Owner's Cash Flow:
$137,000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
24
Year Established:
2012
Hood System Type 1:
Yes

Facilities

Indoor Seating:
105
Outdoor Seating:
24
Inside Sq. Ft.:
3200

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

Down Payment:
$75,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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 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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