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#1163
Sacramento Restaurant For Sale

Price reduction! Classic Upscale Dining, Long History with Bar & Hard Liquor

$395,000
Price reduction! Classic Upscale Dining, Long History with Bar & Hard Liquor
This Listing is Expired
Selling Restaurants is proud to present this rare opportunity to own and operate this highly respected upscale, (Recently awarded 3 & 1/2 stars from Mike Dunne of the Sac Bee) Restaurant with decades of history in the Sacramento area. This opportunity is so under priced and will sell very soon, so don't miss out. This is an ICON with many years of consistent sales and profits which make this business a must to own and a very rare opportunity for buyers. The Owner has other personal interest demanding his time and is retiring, so is extremely motivated to sell. This listing is not part of any chain but does require the utmost confidentiality.
Owner is also willing to carry up to 15% of the asking price, but only to qualified, experienced Buyers.
There is a Bar and Restaurant seating for 100 and a beautiful outdoor Patio area seating a further 100. A full type 47 liquor license is included.
The lease is extremely low with many, many years remaining.

Don't wait!
TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
Many years remaining. Details given to qualified Buyers
Total Monthly Rent:
$4,500

Financials

Last Year's Annual Gross:
$1,638,000
Last Year's Owner's Cash Flow:
$126,739
Last Year's Food Cost %:
32.9
Last Year's Payroll Cost %:
39.38
Last Year's Rent %:
5.3

Operations

Liquor License:
47
# of Full-Time Employees:
25
# of Part-Time Employees:
25
Hours Open:
Lunch Tuesday-Friday 11.30am-2.00pm
Dinner Tuesday-Sunday 5.30pm-9.30pm
Year Established:
1974
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
100
# of Parking Spots:
25
Inside Sq. Ft.:
3,000
Outside Sq. Ft.:
3000

Highlights

  • 3&1/2 stars, Hugely respected and popular Restaurant
  • Highly confidential. Name given to qualified Buyers only
  • Reputed to be one of the Best Restaurants in Sacrmento
  • Highly acclaimed
  • Award winning
  • Only experienced, Qualified buyers need Inquire
  • Well appointed
  • Upscale area
  • Full Financials available
  • Decorated to a high standard
  • Town Icon for many years
  • Owner willing to carry part of the sale

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
15%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 41,317 73,629 279,857
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,360 28,284 106,551
2010 Persons Per Household 2.43 2.51 2.49
Median House Value $332,200 $298,010 $250,920
Income Per Household $73,720 $70,040 $57,882
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 866 1,402 4,922
2012 Number Of Employees 12,452 20,398 147,246
2012 Total Annual Payroll $172,486,000 $299,817,000 $3,513,005,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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