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#2235
Sacramento Restaurant For Sale

Restaurant, Bar and Nightclub w/Hard Liquor and Entertainment

$125,000
Restaurant, Bar and Nightclub w/Hard Liquor and Entertainment
This Listing is Expired

Here is a rare restaurant/bar/club with an entertainment license in the Sacramento area near the water. In 2009 this restaurant/Bar/Club averaged nearly $50,000 a month. The owner is not a club person so there is plenty of upside here for the knowledgable club operator.

This store is selling at a discount to the real value based on the revenue and profits. The reason why is the seller sold this business several years ago at $225,000 and had to take it back from the buyers who operated it for more than 2 years but eventually failed. The owner has no intentions or desires of being in this business and would like to get to the grandchildren in San Diego. For the most part, the owner operates this restaurant on a part-time basis.

The bar and restaurant area is separate from each other. The restaurant is a full service restaurant serving southern spicy foods for 15 years or so. Restaurant sales in 2009 were 52% of sale.

The bar has a feel and look of a jazz/blues club, dark with low ceilings and a large dance floor, D.J. booth, and a live band or live entertainment area for comedy acts.

The kitchen is fully loaded and designed to handle volume. There is a large office spave as well.

There is also a pool table in a separate room. The bar is long and fully load to support high volume business. This is a turn key business ready for the experienced operator to step in and take over the profits. The location has an entertainment permit, but in Sacramento, the buyer must submit a new application which costs about $1,500, but all the hard work of getting it initially approved is done.

The store has 7,400 Sq. Ft. Please select the orange button below to get more information and to contact the selling agent.

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:
New Lease
Total Monthly Rent:
$7,770

Financials

Last Year's Annual Gross:
$579,782
Last Year's Owner's Cash Flow:
$99,824

Operations

Liquor License:
47
# of Full-Time Employees:
9
# of Part-Time Employees:
4
Hours Open:
11:00-9:00 Monday-Thursday
11:00-2:00am Friday-Sunday
Year Established:
1994
Hood System Type 1:
Yes

Facilities

Indoor Seating:
299
# of Parking Spots:
200
Inside Sq. Ft.:
7,400

Highlights

  • Nice Location with a Large Bar/Club Area Separate from the Restaurant
  • Operate as is or convert to your own concept
  • Type 47 Liquor license
  • Priced for a quick sale
  • Lease is only 1.05/S.F. nearly a 30% reduction from the Previous Lease
  • New Lease Terms Recently Negotiated
  • Entertainment Permit - Buyer Must Apply For a New One at a cost of About $1,500
  • Restaurant Business Pays the Fixed Costs w/Bar being all profits!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 15,195 105,955 271,312
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,314 46,742 105,480
2010 Persons Per Household 1.51 2.14 2.42
Median House Value $304,970 $295,035 $249,460
Income Per Household $35,074 $49,238 $47,847
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,264 4,385 7,885
2012 Number Of Employees 62,930 129,948 275,406
2012 Total Annual Payroll $1,672,587,000 $3,733,567,000 $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.

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