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#5160
Sacramento Restaurant For Sale

Cash Machine - Restaurant/Bar - High-End Neighborhood - SBA Loan

$450,000
Sold
Cash Machine - Restaurant/Bar - High-End Neighborhood - SBA Loan
This Listing is Sold

RARE OPPORTUNITY to take over a stunning space that has been anchored in the community since 2003. Continue and fine-tune the existing concept or it would make an AWESOME Mexican/Southwest/Modern Mexican conversion at a fraction of the cost it would take to build out a space of this caliber.

BUILDING

4000 sq feet inside as well as a 1000 sq foot freestanding storage space and office. Immaculately maintained and pride of ownership shows throughout. Owners willing to rewrite new lease with favorable rates and terms.

FRONT OF THE HOUSE

The bar has 22 stools, 8 deuce high-tops, 4 four-top booths and 1 six-top booth. There are 3 additional four-tops and 2 six-tops as well to the rear of the bar. There is a section of the dining room that is set up with 10 four-tops and it can be sectioned off in to a private party room. There is a patio that has 3 deuce benches, 3 easy chairs, 2 deuces, 2 six-tops, 2 quads as well as a GORGEOUS water-wall and fire wall feature. In addition there are 3 flat screen t.v.’s, an indoor fireplace, a POS as well as a video surveillance system in place.

THE NUMBERS _ SBA LOAN

This restaurant and bar has HUGE upside with a working owner!  Sales for the past three years have run at the $2 million mark with adjusted cash flow in the $259,000 to $360,000 range. In 2016 sales were $2 million with adjusted net cash flow of $259,000.  But that being said, the restaurant and bar needs a working owner.  An SBA Loan is available for the right qualified buyer as there is no issue getting one for this business. 

SBA LOAN: Put 30% down ($135,000) and the monthly payment will be about $3,800 for 10 years at 6.5% interest.  This business in 2016 cash flowed about $21,600 a month on average.  What a great investment and return!

KITCHEN

The kitchen will accommodate any menu and includes a 17” hood with a convection oven, 6 burner with oven, 2 Pitco fryers, Wells 3’ griddle and a 2’ Bakers Pride Char Broiler. Other FF&E includes Robot Coupe, Scottsman ice machine, walk-in refer and freezer, Hobart Mixer, Berkel slicer and 3 refrigerated prep/pantry tables.

MENU

Eclectic menu with creative appetizers, soups, salads, burgers, sandwiches, pizza, flatbreads, entrees and desserts.

EMPLOYEES

7 Full time; 25 Part time. 3 managers provide and excellent opportunity to cut labor costs as an owner operator and increase bottom line.

 

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 - $10,000 a month + NNN

Financials

Last Year's Annual Gross:
$1,999,988
Last Year's Owner's Cash Flow:
$258,931

Operations

Liquor License:
Type 47
# of Full-Time Employees:
7
# of Part-Time Employees:
25
Hours Open:
M;T:W; 3-9
TH; 3-11
F; 11 - 11
S; 9 - 11
Sn; 9 - 9
Year Established:
15
Hood System Type 1:
Yes

Facilities

Indoor Seating:
124
Outdoor Seating:
33
# of Parking Spots:
14 + lot across street at night
Inside Sq. Ft.:
4,000
Outside Sq. Ft.:
1000

Highlights

  • Casual Dining Bar and Restaurant
  • Upper Class Neighborhood in Sacramento
  • Type 47 Liquor
  • Long History of Success
  • 3 Managers - Great Way to Cut Costs
  • Rare Opportunity in Great Location
  • Great Rent!
  • New Long Term Lease

Financing

Down Payment:
$135,000
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 20,815 111,656 318,334
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,370 48,932 122,782
2010 Persons Per Household 2.10 2.13 2.45
Median House Value $408,500 $311,089 $253,833
Income Per Household $57,500 $44,816 $49,018
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 463 4,234 7,782
2012 Number Of Employees 8,690 131,802 255,548
2012 Total Annual Payroll $157,760,000 $3,616,125,000 $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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