Sacramento Restaurant For Sale
Seller Carry 66% of Sale. Sierra Foothills Club & Bar w/Real Estate, Type 48 Liquor License
If you've been looking for a commercial real estate play with a bar, a prized El Dorado Hard Liquor License with a rental home as well then you've found your dream business. What makes this opportunity so attractive is the owner is willing to carry 66% of the asking price because he believes in the business and this business has 75%+ gross margins!!!
This rare opportunity to own a great bar with a track record dating back to when Kennedy was president. This is a well know brand in the area, since 1960 and has a steady following! This bar is in a Sierra Foothills town not too far from El Dorado Hills and includes real estate. The bar is well maintained and very clean. This is no dive bar!
Bars are the easiest of all food and beverage businesses for a new comer to the industry to learn and this one comes with a type 48 license, which means food takes second place. These licenses have sold for well over $200,000 in recent times. Sonce no fodd is required, much higher profit margins can be expected. Businesses with well run bars typically achieve close to 75%+ gross margins!
This property includes a dance floor and stage, large outside patio, several pool tables, shuffleboard, kitchen area with NO hood system, large office, large walkin cooler that holds a lot of product including 20+ kegs, large secure liquor storage area and nearly 60 parking spaces with a 500 Sq. Ft. home rental unit included in the price. This unit rents for a total of $8,500 per year.
A Large Bar with Real Estate and a House to live in or rent and the owner willing to carry most of the sale is a rare find. So click on the listing #, complete the confidential agreement and view this rare opportunity.
You are now one step closer to being your own boss.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- Bar with type 48 License, Dancing, Live Entertainment
- 500 Sq. Ft. Rental Home Included - Annual Rents are $8,500
- Large Outside Patio for Smoking and BBQ
- Occupancy is 150+ in this 4,600 Sq. Ft. Building
- Owner will Carry 66% of Asking price!
- Real estate Value using 10% Cap. Rate is $650,000
- Owner Would Consider Selling Only The Business
- More than a Half-Acre of Land.
Financing
Demographics
| Population | 5-mi |
|---|---|
| 2014 Total Population | 35,985 |
| Households | 5-mi |
| 2010 Number Of Households | 14,820 |
| 2010 Persons Per Household | 2.43 |
| Median House Value | $314,300 |
| Income Per Household | $57,468 |
| Businesses | 5-mi |
| 2009 Number Of Businesses | 926 |
| 2012 Number Of Employees | 21,814 |
| 2012 Total Annual Payroll | $396,386,000 |
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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