Here is a rare restaurant/bar/club opportunity in the Sacramento area. The current owner had to repossess this store after selling it in 2006 for nearly twice as much as the current asking price. This store is doing nearly $50,000 a month. This store is selling at a discount to the real value based on the revenue and profits. The bar and restaurant area is separate from each other. The restaurant is a full service restaurant serving southern spicy foods for 15 years or so. The bar has a feel and look of a jazz bar club, dark with low ceiling with a large dance floor, D.J. booth, and a live band or live entertainment area for comedy acts. There is also a pool table in a separate room. The bar is long and fully load to support high volume business. This is a turn key business ready for the experienced operator to step in and take over the profits. The location has an entertainment permit, but in Sacramento, the buyer must submit a new application, but all the hard work has been done. The store has 7,400 Sq. Ft.
Please select the orange button below to get more information and to contact the selling agent.
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 - Rent Negotiable
Total Monthly Rent:
$7,770
Financials
Last Year's Annual Gross:
$579,782
Last Year's Owner's Cash Flow:
$83,997
Operations
# of Full-Time Employees:
10
# of Part-Time Employees:
3
Hours Open:
11:00-9:00 Monday-Thursday
11:00-2:00am Friday-Sunday
Highlights
- AAA location that does not become available to often
- Operate as is or convert to your own concept
- Priced for a quick sale
- Under $1.05 sq ft for a AAA location
- An incredible oportunity for Experianced Bar and club operators
- Type 47 & currently has an entertainment permit.
- Solid restaurant business! Club and Bar business is the gravy!
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
15,195 |
105,955 |
271,312 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
9,314 |
46,742 |
105,480 |
2010 Persons Per Household |
1.51 |
2.14 |
2.42 |
Median House Value |
$304,970 |
$295,035 |
$249,460 |
Income Per Household |
$35,074 |
$49,238 |
$47,847 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
2,264 |
4,385 |
7,885 |
2012 Number Of Employees |
62,930 |
129,948 |
275,406 |
2012 Total Annual Payroll |
$1,672,587,000 |
$3,733,567,000 |
$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.