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#5824
Sacramento Restaurant For Sale

Classic American Food - Great Bar - Downtown Sacramento

$129,000
Classic American Food - Great Bar - Downtown Sacramento
This Listing is Expired

SellingRestaurants has a Restaurant/Bar Opportunity!

Newer Eatery with Classic American Food & Drinks in Downtown Sacramento.

Have you wanted to find a Restaurant opportunity at a deep discount! This place is one of those opportunities.  

This could be that Restaurant and Bar ~  The Restaurant is scheduled for reopening 10/27 and at $129K is a Steal! Don't wait on this too long because the price will go up as Sales gain momentum...This is a get it now price!

With previous sales of over $1.3M. Some venues never hit those #'s and it can take hundreds of thousands of dollars to build the infrastructure & even more to build the clientele to arrive at profitable revenues.

Established in 2013 with Great Reviews on Food & Service!

Menu: Minimalist Bar & Eatery serving locally sourced, sustainable American seafood & steak dishes. Small Plates, Soups, Salads, Sandwiches and Specialty Craft Cocktails do well here.

What do customers say: Wonderful place. Delicious food, great staff, nice atmosphere. I highly recommend and will definitely go back.

Kitchen:  Comes with a huge Ansul hood system, Walkin coolers & equipped with all the necessary equipment to serve lunch and dinner and banquet/catering.

Lease: Reasonable @ $10,984 for 5,342sqf.  

 Features:

  • Beautiful Old Bar with Type 47 license
  • Large Kitchen Line...cook anything and cater too!
  • Web page, Facebook page
  • Golden One Center & Downtown Plaza West in walking distance
  • State and Federal employees nearby
  • Plenty of storage
  • Catering Banquet Room

For the right buyer who wants to take advantage of this opportunity, you will get all the assets including FF&E, 47 Liquor license, Recipes and Name. There is some TI money available for a serious buyer who might want to do some upgrades while closed.

Buyer will need to show proof of ability to purchase and qualify for the lease.

 

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires August 31, 2025, plus 5 year option
Total Monthly Rent:
$10,684
Security Deposit:
$9,233

Financials

Last Year's Annual Gross:
$1,335,750
Last Year's Owner's Cash Flow:
$129,974
Last Year's Food Cost %:
28.6
Last Year's Payroll Cost %:
25
Last Year's Rent %:
10

Operations

Liquor License:
47
# of Full-Time Employees:
5
# of Part-Time Employees:
26
# of Working Owners:
2
Hours Open:
11a-11p 6 days
Year Established:
2013
Hood System Type 1:
Yes

Facilities

Indoor Seating:
160
Inside Sq. Ft.:
5,432

Highlights

  • Full Liqur license
  • Contemporary Dining and Bar
  • $1.3m Sales pre covid
  • Great Reviews
  • Priced far below Value

Financing

Will SBA Finance:
No
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

DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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