SellingRestaurants is honored to be given the opportunity to sell this classic neighborhood bar that's been operating and owned by the same family for more than 50 years.
Enter the bar and you'll be greeted by a professional bartender who plays the roll of a classic 60's bartender with white long sleeve shirt and vest! The bar is in great shape, classy and has attracted a permanent guess list.
Don't let the outside building fool you because it looks like another other bar from the outside...no windows...single door entry...When you walk in, you find it to be clean and rather nice. You'll be pleasantly surprised. This is the bar folks come to relax and drink a martini with their buddies after a great day on the golf course or after a special event in the area. The bar is known for providing good service in a relaxing, quite atmosphere.
There is even a small library where customers can pickup a book to read while zipping their favorite drink. This is not a young person's type of bar. This is not a meat market per se; rather it is a bar for the more intellectual curious folks along with the more mature crowd. There is a smal outside patio for smokers.
It is absentee operated. A working owner could certainly help the bar's performance as any working will usually do. This bar has solid historical and recent earnings performance supported by tax return and detailed profit and loss statements.
There is room to improve the earnings. Pour costs are at nearly 37% and labor costs at 28%. So don't miss this baby! Oops, you missed it! It is under contract already it was that nice!
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 Dec. 31, 2013
Total Monthly Rent:
$2,115
Financials
Last Year's Annual Gross:
$309,000
Last Year's Owner's Cash Flow:
$76,000
Operations
# of Full-Time Employees:
1
# of Part-Time Employees:
4
Hours Open:
6am-2pm 7 Days
Highlights
- Simple to Operate Classic and Classy Neighborhood Bar
- Type 48 Hard Liquor License - 21 and over
- Bar Shows Well.
- Plenty of Parking
- Stable customer base
- Tax Returns and detailed Profit and Loss to Support Price
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
35,392 |
93,000 |
321,630 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
14,529 |
33,952 |
120,210 |
2010 Persons Per Household |
2.30 |
2.56 |
2.52 |
Median House Value |
$244,500 |
$265,366 |
$236,294 |
Income Per Household |
$38,750 |
$50,779 |
$47,890 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
730 |
1,738 |
7,242 |
2012 Number Of Employees |
19,206 |
54,858 |
234,924 |
2012 Total Annual Payroll |
$399,673,000 |
$1,332,149,000 |
$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.