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#3532
Sacramento Restaurant For Sale

Rare Pool Hall For Sale in Sacramento Area.

$75,000
Sold
Rare Pool Hall For Sale in Sacramento Area.
This Listing is Sold

Low Costs makes this a Great Money Maker!

A great business! If you want a money making business with few employee headaches, low maintenance, plenty of fun, then you have to look at this business. Operating for 12 years, this business has 17 billiard tables, a large bar area, darts, video games, shuffle board and much more. There is a solid customer and membership following that the owner has built with years of good service and quality products. The center just had a face lift and looks great. Despite the weak economy, sales remain strong and growing 23% in 2011 which in part is due to the great location, off a high traffic street and in a large retail center with major anchors. The Bar and Games room area's are immaculate. All tables, chairs, counter tops and restrooms are faultless. This opportunity is really Turn Key!

This business sponsor's both Pool and Dart leagues.  Teams come in on a regular basis and is a good revenue maker.   Local businesses come in for "team building" on weekdays - another good revenue boost - typically a few times a month.  They are also an anchor tenant in a 100,000 sq ft complex. 10 years in business! This shows how strong the business is especially over the past 3-4 years.

LOCATION, LOCATION, LOCATION: Situated on a major main Hwy in a large center amongst many other restaurants and businesses, all within walking distance. This Pool Hall is highly visible from the road with large signage and ample parking.

LEASE TERMS: The Lease terms make this Pool Hall an attractive operation too. Yes the all-in NNN/CAM rent is high at $9,200 a month, but it is only $1.27 Sq. Ft!  This is a prime retail end-cap unit with 7,200 sq ft. Landlord will give more options so you come in with more than 10 Years!

This business opportunity is in excellent condition. The equipment is all in excellent condition and with the high visibility make it a huge opportunity for a family to work together and enjoy the cash-flow to be made here.

FOOD: There is also a kitchen with a full hood system for burgers, fries, and other various quick food items to offer the customers. There is a beer license as well. The kitchen has been a solid financial performer and there is always the opportunity for a new owner to increase revenue through expanded offerings especially at the Bar. 

GROSS PROFIT: What makes this business attractive is that once the business has reached the breakeven point, the profit made on each dollar of sales above breakeven is 80 cents!  This business breakeven at about $240,000 of sales.  So if you're good at marketing and getting people in the door and getting them to spend more money and play more games and you get the sales to $350,000, this business will earn you at least $80,000 of income. And at this low price, where can you find such a business?

The Seller has stated that the business is strong and growing last year. So now is the time to take the Leap into Business Ownership and enjoy the freedom of working for yourself.

HOUR OF OPERATION: Presently this Pool Hall is open from 11.00am to 12.00am daily and until 2.00am at the weekends

REASON FOR SELLING: The Seller has too many outside business interests and admits being totally absentee and wishes to concentrate on his other businesses.

The Price reflects a totally Turn Key business opportunity which will sell fast. The price is perfect for a quick sale.

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 February 2016
Total Monthly Rent:
$9,800
Security Deposit:
$12,500

Financials

Last Year's Annual Gross:
$270,000
Last Year's Owner's Cash Flow:
$18,000
Last Year's Food Cost %:
22
Last Year's Payroll Cost %:
6

Operations

Liquor License:
40
# of Part-Time Employees:
4
Hours Open:
Sun - Thurs 11.00am - Midnight.
Fri and Sat 11.00am - 2.00am
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
12
# of Parking Spots:
30+
Inside Sq. Ft.:
7,200

Highlights

  • 23% increase in Sales in 2011
  • 50% of sale price Owner will carry to Qualified Buyers
  • Seller willing to Carry 50% of asking price at 0% Interest
  • Long Reputation and Good Name in the area
  • 17 tables all in Perfect Condition
  • Turn Key with $0 investment required
  • Extremely Low Cost of Goods
  • Huge parking Lot
  • Cash Sales Business
  • Simple business to run and own
  • Many Members all paying a membership fee
  • Great Location and Opportunity

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 56,708 195,567
Households 3-mi. 5-mi
2010 Number Of Households 20,045 72,888
2010 Persons Per Household 2.63 2.51
Median House Value $213,100 $270,978
Income Per Household $54,915 $60,527
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,241 4,517
2012 Number Of Employees 70,332 160,964
2012 Total Annual Payroll $2,226,328,000 $4,284,927,000

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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