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#4974
Sacramento Restaurant For Sale

CASH COW - Absentee Operated Restaurant & Bar - SBA Loan Approved

$1,500,000
Sold
CASH COW - Absentee Operated Restaurant & Bar - SBA Loan Approved
This Listing is Sold

To get More Information About This Business Select The Link To The Left "Sign NDA."

This restaurant is an icon in the area operating, very successfully, for more than 30 years, with year-over-year growth in revenue as well as bottom-line earnings. 

This is a highly confidential listing, as one can imagine when a restaurant grosses nearly $3 million a year, with Seller Discretionary Cash Flow (SDCF) close to $600,000 in 2016.  It is priced to sell at about 2.5 times SDCF. 

This is an upscale restaurant with a full bar in an upscale area including catering and banquet business. 

The owner has successfully operated this store for more than 12 years and is ready to move on to other ventures.  He recently invested more than $100,000 in renovations. 

The books and records are clean and tax returns are available to pre-qualified buyers.

All buyers must be pre-qualified before name is divulged.  A qualified buyer will have at 5 years restaurant management or ownership experience with similar style and size restaurants, a FICO score over 700 and at least show more than $300,000 in the bank for the SBA loan down payment.  If you have these, please call me by going to SellingRestaurants.com and searching for listing 4974, once found then select the button to the left titled "Sign NDA." 

SBA LOAN INFORMATION

This business is perfect for an SBA loan. With 20% down ($300,000) the annual payments will be about $160,000, leaving an after debt servicing cash flow of about $400,000+.  Call for more details. 

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:
10 Years Remain on Lease
Total Monthly Rent:
$14,500

Financials

Last Year's Annual Gross:
$2,982,000
Last Year's Owner's Cash Flow:
$587,211

Operations

Liquor License:
Type 47 - Hard Liquor - Type 58 Catering
# of Full-Time Employees:
10
# of Part-Time Employees:
48
# of Working Owners:
1
Year Established:
1985
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
260
Outdoor Seating:
36
# of Parking Spots:
100+
Inside Sq. Ft.:
6,000
Outside Sq. Ft.:
400

Highlights

  • Most Premier Areas of Sacramento
  • High Volume
  • Long History of Super Success
  • Nearly $600,000 Adj. Net
  • 30+ Year History
  • Recently Renovated
  • Hard Liquor
  • Large Bar
  • High Trafic Area
  • General Manager and Chef in PLace
  • Owner Works Light Hours

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 32,914 137,153 368,001
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,980 55,839 144,253
2010 Persons Per Household 2.03 2.32 2.40
Median House Value $215,900 $258,300 $254,276
Income Per Household $37,605 $53,931 $48,538
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,690 4,534 9,161
2012 Number Of Employees 53,182 150,110 313,126
2012 Total Annual Payroll $1,287,802,000 $3,458,790,000 $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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