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#4945
Sacramento Restaurant For Sale

Profitable Neighborhood Bar For Sale on Busy Street with Real Estate

$695,000
Sold
Profitable Neighborhood Bar For Sale on Busy Street with Real Estate
This Listing is Sold

To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."

SellingRestaurants.com presents this classic neighborhood bar. for sale  This is an exceptional and rare opportunity for an owner - operator to step right into owning your own profitable bar including the real estate on a very busy street in Sacramento.  

Enter the bar and you'll be greeted by experienced bartenders that get to know their customers well and know what's going on in the community. The bar is in good shape as it was recently remodeled in its classic style and has attracted a permanent guest list.

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 and hang out with their buddies. The bar is known for providing good service in a relaxing casual atmosphere.  Billiard pool tables, DJs, Darts, Karaoke, and more are popular activities here.

It is semi-absentee operated. A working owner could certainly help the bar's performance as any working will usually do. This bar has a solid history.  Recent earnings performance is 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 27%. So don't miss this baby!

There is a nice one bedroom apartment included here and depending on financing options and credit worthiness, you might be able to purchase this business including real estate for 30% down, which is approximately the same price you would pay for this type of bar on a lease, but in this case you could be paying yourself the rent and save it for your future retirement! 

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

Operations

Liquor License:
48

Highlights

  • Profitable Neighborhood Bar for Sale on Busy Street
  • Type 48 Liquor License - 21 and over
  • Great set up for Karaoke, DJ, Trivia and Live Music
  • Billiard Pool Tables, Darts, and more
  • Plenty of parking
  • Nearly 5k Square Foot of Multi-use space
  • Stable customer base
  • Tax returns and Profit and Loss Available
  • Monthly revenues are $30k - $40k monthly and growing
  • Large real estate lot is well suited for expansion
  • Great opportunity for experienced bar owner to improve operations
  • Save Rent - Private One Bedroom Apartment Included!!

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 20,759 131,274 320,247
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,957 44,882 115,884
2010 Persons Per Household 2.41 2.71 2.61
Median House Value $171,200 $160,245 $215,773
Income Per Household $36,967 $45,622 $49,872
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 570 1,765 4,707
2012 Number Of Employees 15,208 58,182 131,596
2012 Total Annual Payroll $239,440,000 $1,227,549,000 $2,574,305,000

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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