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#3958
Sacramento Restaurant For Sale

Classic Type 48 Neighborhood Bar For Sale - Money Maker - Low Rent

$99,000
Sold
Classic Type 48 Neighborhood Bar For Sale - Money Maker - Low Rent
This Listing is Sold

This is a classic neighborhood bar for over 50 years.  This is the place where all the locals come to hang-out and visit old friends. The current owner purchased the bar 7 years ago, is required to sell it at this low price. 

The rent is currently $1,300 a month. The owner claims sales are in the $20,000 to $22,000 range per month but has no documentation for this. Buyer needs to confirm. 

There are about 1,800 Sq. Ft. - Buyer needs to verify - with plenty of parking. This is priced to sell because the buyer must assume all the tenant improvements required for the ADA as well as give the bar a facelift, other wise this would be priced at $200,000. 

Hours of operation are from 7am until 2am. 

This is a 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:
New Lease
Total Monthly Rent:
$1,300

Operations

Liquor License:
48
# of Part-Time Employees:
5
Hours Open:
7am-2am Daily
Year Established:
1933

Facilities

Indoor Seating:
80
Outdoor Seating:
20
# of Parking Spots:
25
Inside Sq. Ft.:
1800
Outside Sq. Ft.:
200

Highlights

  • Classic Neighborhood Bar
  • Type 48 License
  • 80 Years in Business
  • NEEDS ADA WORK - BUYER TAKES AS IS
  • PRICED FOR FAST SALE
  • SELLER CLAIMS MONTHLY SALES OF $20,000 - $22,000

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 14,143 68,487 170,565
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 4,855 28,181 68,775
2010 Persons Per Household 2.88 2.32 2.34
Median House Value $164,500 $214,009 $275,413
Income Per Household $38,791 $46,258 $52,680
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 234 3,072 6,157
2012 Number Of Employees 11,204 95,292 201,540
2012 Total Annual Payroll $294,345,000 $2,738,687,000 $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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