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#3683
Sacramento Restaurant For Sale

$59k Down Buys this Profitable Full Service Restaurant for Sale in Davis CA

$295,000
Sold
$59k Down Buys this Profitable Full Service Restaurant for Sale in Davis CA
This Listing is Sold

A Must See!

This is a unique opportunity for a first time couple or successful restaurant owner to expand their operations in this extremely successful, classy and charming restaurant for sale in downtown Davis, California. This University City center is a Mecca for restaurants, bars and shops. A Chef and Partner would be ideal as there first ever opportunity to run their own show. The interior of this business is fitted out to an extremely high standard and shows beautifully. Take a look at the photos and you'll fall in love with this restaurant. You've got to see it! The kitchen is a good size, has a long cooking range with a walk in cooler. Presently the hours are lunch and dinner (summer months only) (lunch Tuesday through Friday and dinner in the winter) six days a week and a new operator could open for Sunday lunch capturing the Sunday Brunch crowd in this busy town center, thereby greatly expanding the revenue's.

LEASE TERMS
: The lease terms make this restaurant and bar opportunity one of the best you’ll find in this condition and market place. Base monthly rent including cam charges is $4300 for 2,000 sq ft inside and 600 sq ft of outdoor patio dining and catering.

This restaurant’s Location and lease terms make it extremely profitable. The building is full of real charm and is absolutely turnkey, which benefits from a real quality build out. This location has been a restaurant for 30 years + and the present owners have operated this business for 28 of those years and now wish to retire. There is seating for 50 inside and a further 30 on the outdoor patio plus Catering. Revenues from the restaurant alone are annually around $680,000 and a further $130,000 in drop off Catering. All revenue areas have room for expansion. The owner’s turn away more Catering then they service presently and a new owner could capture and grow this very expansive and profitable side of the business. The restaurant has had a steady growth income for many years now and they are proud of their great reputation in the area. The restaurants reputation is reflected in the high demand for customer Catering.

This business is a $1 million plus in the making!

HISTORY:
Buy the existing Restaurant's long-standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Type 41 Beer and Wine License OR bring your own concept and take advantage of the lease terms, furniture, fixtures, and equipment.

FINANCIAL PERFORMANCE:
The seller has shared that the monthly sales on an annual basis are in excess of $65,000 and the Seller will gladly discuss the monthly sales averages and expenses with serious, qualified buyers.

SBA LOAN: This business qualifies for an SBA loan and so will well qualified, experienced Buyers with excellent credit.

The Seller has stated that the business is extremely strong, even in this economy. This is a great indication that should continue with increased stability in the economy. This is a great local dining spot and has an intimate ambiance. ‘Open Table’ has many good comments


REASON FOR SELLING: The Sellers wish to retire after nearly three decades of many good years and many great memories.

TAKE THE NEXT STEP.
Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.

 

Paramount Restaurant Brokers, Inc. Listing

 

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:
Expires October 2013
Total Monthly Rent:
$4,300
Security Deposit:
$2,880

Financials

Last Year's Annual Gross:
$787,797
Last Year's Owner's Cash Flow:
$112,217
Last Year's Food Cost %:
35.5
Last Year's Payroll Cost %:
27
Last Year's Rent %:
6.5

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
5
# of Family Employees:
2
Hours Open:
Dinner, Monday-Saturday 5.00pm - 10.00pm
Year Established:
1982
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
30
Inside Sq. Ft.:
2200
Outside Sq. Ft.:
600

Highlights

  • One of the Best Restaurants in Davis, California
  • Superb location in Downtown
  • Business qualifies for SBA financing
  • Highly profitable
  • 28 yrs in the same ownership
  • A Real Gem
  • Charming and Romantic Restaurant
  • Nice Patio with 40 seats
  • Superb Neighborhood
  • Free Standing Building
  • High main road visibility
  • Turn Key and in First Class Condition

Financing

Down Payment:
$59,000
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 44,794
Households 5-mi
2010 Number Of Households 17,229
2010 Persons Per Household 2.43
Median House Value $538,200
Income Per Household $44,741
Businesses 5-mi
2009 Number Of Businesses 1,009
2012 Number Of Employees 20,756
2012 Total Annual Payroll $338,433,000

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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