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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!
|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|
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