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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 Larry Braden listing.
|2014 Total Population||20,759||131,274||320,247|
|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|
|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|
Notice: The User (that's you reading this) of this Website understands that Larry Braden CA License #01492583 and WA License #18058 ("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.