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#1958
Sacramento Restaurant For Sale

Classic Neighborhood Bar with Type 48 - 50+ Years in Business

$190,000
Sold
Classic Neighborhood Bar with Type 48 - 50+ Years in Business
This Listing is Sold
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 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:
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

Liquor License:
48
# of Full-Time Employees:
1
# of Part-Time Employees:
4
Hours Open:
6am-2pm 7 Days
Year Established:
1957

Facilities

Indoor Seating:
60
Outdoor Seating:
6
# of Parking Spots:
30
Inside Sq. Ft.:
1250
Outside Sq. Ft.:
100

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 SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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 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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