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#6067
Sacramento Restaurant For Sale

Restaurant Opportunity...Decades of Goodwill Major Sacramento Location

$275,000
Restaurant Opportunity...Decades of Goodwill Major Sacramento Location
This Listing is Expired

Rare Opportunity to purchase a Well-Established and Well-Known Restaurant in Sacramento with over 65 years of Goodwill!

Price Reduced...$275K with Sales expectations around $1.5M for 2022. \

The Seller is the landlord and is willing to look at offers from experienced buyers.

The owner is Absentee so lots of Potential exists!

Perfect for an Owner-Operator Family

The Second oldest restaurant in Sacramento...stated unconfirmed

Great location with excellent visibility.

Highlights include:

  • Well-trained staff.
  • Solid customer following.
  • Over $400K in recent upgrades including HVAC
  • Good reviews!
  • Type 47 Full Liquor included.
  • Excellent parking.
  • Great Signage & Visibility.
  • Private dining room for private Parties & Events.
  • Excellent opportunities & Well set up for Catering.
  • Nice Outdoor Patio.
  • Large Flat Screen TV's
  • Customer Email list 2,000plus!

A solid menu of comfort food that has customers coming back again and again to this well-reviewed Restaurant and Bar. 

Dining & Decor: The large dining area is well done with high ceilings with booth and table seating for 170 in a very cozy and comfortable atmosphere.

Bar: Beautifully constructed long Bar with open access to the dining areas.

Extensive FF&E: Include Large Ansul Hood System, Reach-in Cooler & Freezer, Prep tables, Char Broiler, 6 Burner Stoves & Flat Grill w/ ovens, and much more! 

Lease –  Reasonable base rent of $7,000, plus triple net lease. for approx. 7,000sqft. 

Gross Sales in 2021 averaging over $128k monthly. Pre-covid sales 2018/19 were Over $200K per month and exceeded $2.5M in sales.

 2022 Sales avr $31K per week with a 5 day week...go to 7 days  and there real potential for another $500K in sales!

Busiest days of the year: 700 plus customers on Thanksgiving Day & St Patricks Day : Well Documented

Sales were affected by covid in 2020 and the store was closed for approx. 3 months with reduced hours. 2021 sales are on the upswing!

Website, Social media are all in place. To-go and pickup orders in place.

Experienced Operator will have to see this well-set-up operation for themselves and all the opportunities it presents!

This one won't last long so don't hesitate!

The Seller is the landlord and may carry part of the purchase price for a well-qualified buyer.

Buyers will need to show proof of funds and fill out a buyer profile before additional information is disclosed.

Please do not talk with any employees per the non-disclosure agreement.

Reason for Sale: The seller is Retiring.

 

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

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
New Lease
Total Monthly Rent:
$10,592

Financials

Last Year's Annual Gross:
$1,541,318
Last Year's Food Cost %:
32.9
Last Year's Payroll Cost %:
33.7

Operations

Liquor License:
47
# of Full-Time Employees:
5
# of Part-Time Employees:
20
Hours Open:
11-7...7 days
Year Established:
1959
Hood System Type 1:
Yes

Facilities

Indoor Seating:
170
Outdoor Seating:
20
Inside Sq. Ft.:
7,000

Highlights

  • Over 65 years in Business
  • Loads of Goodwill
  • End Cap with Great Lighted Signage
  • Located Main Street in the city
  • Excellent Parking
  • Well Trained Staff
  • Solid & Loyal Customer base
  • Type 47 Full Liquor license
  • This would be a great Opportunity for a Family run operation

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

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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