Sacramento Restaurant For Sale
Sports Arena Restaurant and Bar w/Type 47 + $2+ Million Sale Already!
If you want a restaurant and bar in one of the most sought after locations in Sacramento, then take a closer look at this opportunity that sits right in the middle of the new arena and massive new housing proposals! The owner of this restaurant and bar will surely benefit from buying this location today.
The $507 million arena under construction between K and L and Fifth and Sixth streets promises to bring a million-plus visitors downtown annually, and has generated unparalleled interest in new housing, offices and entertainment venues. http://ireader.olivesoftware.com/Olive/iReader/SacBeePress/SharedArticle.ashx?document=MSB%5C2016%5C01%5C26&article=Ar01104
This restaurant and bar has a history of success with a well known brand and is absentee operated with very highly professional management team in place. The bar business accounts for a large percentage of the business' revenue, making this a high margin business.
With this location being in the heart of the new arena and housing projects, revenues will surely explode and you can be right there in the middle of all the action.
Being such a hot location, this listing is HIGHLY CONFIDENTIAL and REQUIRES each buyer to be qualified before any information is provided. The buyer must have a net worth in excess of $5 million, great credit, plenty of working capital and many years of restaurant and bar ownership experience. You'll have to provide proof to the broker of your net worth with bank statements.
The SBA will lend about $500,000 on this business, so you'll get some leverage here.
The 2015 working owner cash flow is in the $250,000 range. The current business is absentee operated.
Call me at 800.576.3615 for more details.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- PRIME NEW ARENA LOCATION
- Type 47 Liquor
- LARGE BAR SALES
- OUTSIDE PATIO
- ABSENTEE OPERATED
- SET TO DO BIG NUMBERS
Financing
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 STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.
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