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#5326
Sacramento Restaurant For Sale

Mid-Town Restaurant & Bar - Hard Liquor - Low Rent - SBA

$349,000
Sold
Mid-Town Restaurant & Bar - Hard Liquor - Low Rent - SBA
This Listing is Sold

 Profitable Restaurant & Bar in busy Midtown Sacramento area!

In Business Over 25 years!

Success at this Restaurant and Bar is due to an Great Food & Great Service...with a lively crowd & live entertainment.  Customers love to Eat, Relax and Enjoy the atmosphere here!

Catering to a higher than average median incomes…this establishment is a favorite with the locals drawing guests from a wide radius due to positive reviews & reputation! 

Down to Earth, Eclectic and Artsy and Rustic and yet very Cozy & Comfortable…Decor, layout, and two patios add to the desirability of this location!

80 seats dining, 18 bar seats. 

Very nice street side Patio and shared patio make this a great place to sip a glass of wine and enjoy great food and friends.

Area: This is popular area of town with lots of traffic.

Menu: Serving Lunch & Dinner at Affordable Prices.A tantalizing menu and specialty items keep customers coming back again and again to this unique and well-reviewed restaurant and bar.

This Restaurant has Excellent Reviews and customers love the Menu, Great Wine list, Craft Cocktails & Staff.

Open Kitchen line has everything you need to serve the Popular Menu with ample prep and storage as well.

Seasoned Staff on hand including a Great Kitchen Staff...which is highly desirable!

Separate Private shared office.

FF&E: Include Ansul Hood System, Reach in and Walkin Coolers, Freezers, Prep tables, Char Broiler, 2- 6 Burner ranges w/ ovens, POS, and more!

Liquor and large Wine inventory.

Sales : 2018 $1,243,085

Lease: Good Rent at $7,875… for 3,201 sqft.!

Website, Social media are all in place...New owners with Fresh Energy and ideas should be able to increase sales.

SBA should be available on this one!

Reason for selling: After over 25 Years, Owners are ready for a Break.  Your Creative Ideas Will Grow This business. 

Please visit our website at SellingRestaurants.com to get more information listing # 5326!

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Expires May 2019, plus 3 - 3 year options
Total Monthly Rent:
$7,875

Financials

Last Year's Annual Gross:
$1,243,085
Last Year's Owner's Cash Flow:
$114,600
Last Year's Food Cost %:
35
Last Year's Payroll Cost %:
29
Last Year's Rent %:
7.6

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
13
Hours Open:
Sun-Tues 11:30am – 10:00pm
Wed-Thurs. 11:30am – 11pm
Fri-Sat. 11:30-Midnight
Year Established:
1994
Hood System Type 1:
Yes

Facilities

Indoor Seating:
95
Outdoor Seating:
32
Inside Sq. Ft.:
3,201
Outside Sq. Ft.:
710

Highlights

  • Great Reviews & Plenty of Goodwill
  • Profitable
  • Two well enjoyed Patios
  • On major Sacramento street
  • Mid Town

Financing

Down Payment:
$63,559
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$3,085
Est. Annual Interest Rate:
8%
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 16,653 145,855 410,336
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,191 61,966 154,685
2010 Persons Per Household 1.66 2.20 2.49
Median House Value $427,800 $287,813 $239,583
Income Per Household $49,953 $46,577 $47,241
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 850 5,727 10,632
2012 Number Of Employees 25,966 195,444 349,690
2012 Total Annual Payroll $837,120,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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