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#3185
Sacramento Restaurant For Sale

Sports Bar & Restaurant w/Hard Liquor License

$399,000
Sold
Sports Bar & Restaurant w/Hard Liquor License
This Listing is Sold

The name and address of this sports bar and restaurant is given to only qualified buyers.

Good businesses are rarely sold, so don't miss this great business!

If you've been looking for a profitable sports bar and restaurant in the Sacramento area in a fine neighborhood, then you've got to take a look at this business. The real estate is available too...but of course at a much higher price.

This Sports Bar and Restaurant is in a great corner location on one of the most sought after streets in Sacramento and has excellent street visibility and easy access. There are thousands of folks driving by each day. After 50 years of operating as a restaurant, this business continues to meet the neighborhood demand by serving great food with wonderful drinks and awesome employees.

The interior as well as the exterior was recently refinished, leaving a gorgeous building that welcomes the patrons to a good meal and great company.

The owner of the business is a real estate investor with other commercial real estate interests and he doesn't work at the business. He rebuilt this business and is ready to now sell it to a good operator. He will do a new lease for the buyer.

The interior is casual upscale and relaxing all at once. Recently refurbished in modern and warm decor!
When you walk through the front door you're welcomed by the inviting bar with granite counter tops and well done back bar. The Bar has several flat screens TV's for customers to enjoy their favorite sporting event.

Continue through the Bar into the semi-private dining area with gas fireplace and cozy atmosphere.

There is also a 1,600 sqf. covered, heated and misted outdoor dining area that's in demand all the time and is perfect for outdoor dining and group events.

The menu is great with something for everyone at affordable prices which keeps customers coming back!

Demographics: The area is close to a major University with a population consisting of High income professionals. 56% of Household incomes within a One mile radius range between $50K to $124,999. Make no mistake about it, this is the cat's meow! This one of the hippest area to be located.

The Owner has a great lease at $7,976 including NNN for the 3,438 sqf. space. There is a total of 124 seats and a fully equipped kitchen to get the job done.
There is an additional space upstairs that could be finished into an office/apartment, rent for this space is not included and would be extra.

Sales from October 2009 to October 2010 aver. $88,671 per month and $1,064,052 for the 12 month period.

If you're looking for a great turnkey investment this is it. Priced at $399,000 for the restaurant this is a great deal!
For a Qualified buyer the seller may consider a partial carry at a $449,000.

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:
New Lease 5 Year + 5 Year Option
Total Monthly Rent:
$7,976

Financials

Last Year's Annual Gross:
$1,064,000
Last Year's Owner's Cash Flow:
$181,093
Last Year's Food Cost %:
31
Last Year's Payroll Cost %:
36
Last Year's Rent %:
9

Operations

Liquor License:
47
# of Full-Time Employees:
7
# of Part-Time Employees:
12
# of Family Employees:
1
Hours Open:
Monday - Thursday 11:30a - 10:00p
Friday 11:30a - 12:00a
Saturday 9:30a - 12:00a
Sunday 9:30a - 9:00p

Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
94
Outdoor Seating:
28
# of Parking Spots:
22
Inside Sq. Ft.:
3,438
Outside Sq. Ft.:
1600
Lot Dimension:
60x180
Lot Sq. Ft.:
10066
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
1632

Highlights

  • Sales are great!
  • Addtional parking arrangement next door!
  • Recently completely remodeled
  • Corner Location on MAJOR East Sac. Street
  • Near Sac. State
  • Financial Statements Available
  • Landlord is the owner
  • New lease
  • Beautiful 1,600 sqf. Patio for Outdoor Dining
  • Upstairs is an additional opportunity for a Residence or Office...this would be in addition to the business.

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 16,110 142,759 308,131
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,593 58,262 124,720
2010 Persons Per Household 2.07 2.29 2.32
Median House Value $394,600 $247,170 $262,241
Income Per Household $81,076 $44,352 $46,755
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 495 4,690 9,683
2012 Number Of Employees 20,112 177,006 310,850
2012 Total Annual Payroll $533,446,000 $4,294,967,295 $4,294,967,295

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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