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#222
Sacramento Restaurant For Sale

Four Star Upper Class Restaurant and Bar & much more in Placer County

$395,000
Sold
Four Star Upper Class Restaurant and Bar  & much more in Placer County
This Listing is Sold
This is a full service four star restauant. Not only does this restaurant have the facility to cater to restaurant patrons, but the 13,000 sq. ft. facility will also cater to corporate events, business meetings, weddings and, sales and training meetings. In the near future a 3,000 Sq. Ft. ballroom will be built, further expanding the business. Sales in 2005 have remained strong at a run rate of around $1.8 million. Profitability has improved with owner cash flow for the first 9 months of 2005 at around $150,000. The Buyer would be buying a 90% interest in a partnership and the right to use the facility and liquor license for 22 years. Please call Mel Jones at 916-632-9003 for more details. 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:
7 years + Three 5 year options
Total Monthly Rent:
$7,000

Financials

Last Year's Annual Gross:
$1,772,781
Last Year's Owner's Cash Flow:
$152,581
Last Year's Food Cost %:
29.3
Last Year's Payroll Cost %:
38.7
Last Year's Rent %:
5.5

Operations

Liquor License:
47
# of Full-Time Employees:
20
# of Part-Time Employees:
40
Hours Open:
7 days, breakfast, lunch, dinner
Year Established:
2003

Facilities

Indoor Seating:
315
Outdoor Seating:
125
Inside Sq. Ft.:
11500
Outside Sq. Ft.:
2000

Highlights

  • Purchasing a 90% partnership
  • 22 year remain on the lease
  • $7,000 month rent or 6%
  • 8,000 Sq. Ft. dinning Area
  • 22 years of "right to use" equip. & Liquor License
  • Liquor license in Placer cost $200,000
  • Absentee Operated
  • Owners Annual Cash Flow in 2004 is $151,000
  • Monthly Sales $150,000+
  • Owner will Carry 50%
  • Must have large Restaurant Experience
  • 2005 Sales remain strong!

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 24,236 60,261 171,471
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,086 20,901 61,360
2010 Persons Per Household 2.54 2.71 2.66
Median House Value $295,300 $324,073 $350,443
Income Per Household $68,160 $77,350 $78,539
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 686 1,417 5,709
2012 Number Of Employees 14,394 37,888 168,860
2012 Total Annual Payroll $327,551,000 $990,635,000 $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.

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