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#4723
Sacramento Restaurant For Sale

Growing Billiards Business in Prime Retail Location - $33K Mon. Sales

$99,000
Sold
Growing Billiards Business in Prime Retail Location - $33K Mon. Sales
This Listing is Sold

This billiards business has operated successfully for more than 14 years and the revenues are in an upper swing, growing from $20,000 a month to the most recent numbers of $33,000 a month and all accomplished in seven months of new ownership.  This business is completely absentee operated.  The owners live in Fresno. 

The owners invested about $180,000 into this business in the past year and includes new big screen TV, resurfacing of tables, new furniture, paint, kitchen equipment, restroom ADA improvements, flooring and many other improvements. This pool hall looks great and ready for a working local owner to take the helm. 

So, if you know the billiards business, then you know the margins are high in this business.  A good operate can earn $10.000 a month from this volume. Sure the rent is high, but there are 7,200 Sq. Ft. of prime retail end-cap unit space, with fantastic street appeal and visibility, driving those sales to new levels. 

THE NUMBERS: Let's do the numbers.  At monthly sales of $33,000 less sales taxes $2,600, less rent of $9,300, leaves $21,100.  There are 5 part-time employees a payroll of $6,000, security $2,000, advertising of $500, utilities $1,200, maintenance $500 and other costs of $2,000 a month, leaves a profit of nearly $9,000 a month!  So let's be conservative and estimate the business at $33,000 a month can earn $7,000 a month. That's about $80,000 a year. 

Of course, you need to perform your own due diligence and not rely on my calculations. The owner has the numbers to help you here.  The numbers being advertise are estimates based on actual expenditures and revenues for the most recent months. 

There is a beer and wine license as well as a small kitchen to prepare great bar food. 

There are dart machines as well as other cash generating games. 

Please visit our website at SellingRestaurants.com to get more information for listing 4723.

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 Feb. 28, 2021 + 5 Year Option to Extend
Total Monthly Rent:
$9,300

Financials

Last Year's Annual Gross:
$396,000
Last Year's Owner's Cash Flow:
$80,000

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
5
Hours Open:
Monday - Thursday 2pm - Midnight
Friday and Saturday Until 2am.
Open Saturday and Sunday at 10am.
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
# of Parking Spots:
Large Shopping Center
Inside Sq. Ft.:
7200

Highlights

  • Rare Quality Billiards Business
  • Tables Resurfaced In Recent Months
  • Beer and Wine included
  • Bar Area
  • Small Kitchen with Hood System
  • Sales are Growing
  • Prime Retail Location

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 56,708 195,567
Households 3-mi. 5-mi
2010 Number Of Households 20,045 72,888
2010 Persons Per Household 2.63 2.51
Median House Value $213,100 $270,978
Income Per Household $54,915 $60,527
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,241 4,517
2012 Number Of Employees 70,332 160,964
2012 Total Annual Payroll $2,226,328,000 $4,284,927,000

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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