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#605
Sacramento Restaurant For Sale

Sports Bar/Club with Grille - Placer County Type 47 Liquor license

$700,000
Sports Bar/Club with Grille - Placer County Type 47 Liquor license
This Listing is Expired
Owners have to sell due to family health problems- This is a rare chance for you chance to own a sports bar and club in Placer County that offers both live entertainment on the weekends as well as a basic hang-out place to watch the "game." The liquor license is a type 47, which sells for approximately $200,000 on the open market in Placer County. The license is included in the sales price. With quarter machines strategically setup throughout the building, this whole operation has been setup to make money at every corner. Reported sales are just under the $1 million mark per year. This is a stable business with loyal clientele, not a trendy nightclub looking for the "A" list clientele or looking to be hip. The bar and restaurant are 3,175 square feet, with inside seating for 90 people and capacity of 148. Rent is only $1.31 a foot, with over 4 years left on current lease. Don't let this one get away!! Owners are willing to carry back part of the purchase price for a qualified owner. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
This is a Rob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
3 year left plus 1 x 5 year option
Total Monthly Rent:
$4,153
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$875,063
Last Year's Owner's Cash Flow:
$16,037
Last Year's Food Cost %:
33
Last Year's Payroll Cost %:
16
Last Year's Rent %:
5

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
18
Year Established:
1996
Hood System Type 1:
Yes

Facilities

Indoor Seating:
90
Outdoor Seating:
25
Inside Sq. Ft.:
3,175

Highlights

  • Business value is $500,000 and Liquor License is $200,000
  • Place County type 47 license
  • Hard to find this business for sale in Placer County
  • Must call for address and financial information
  • 2006 sales to end up around $1 million
  • 3 years left on current lease Plus 5 year Option
  • Seats over 90 inside - Capacity of 148
  • Stand alone building with Plenty of parking in the area
  • Successful business with loyal clientele
  • Year-to-date 2006 sales through November of $887,000
  • Owners are willing to carry back to qualified buyer
  • Health problems force sale of business

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,236 60,261 171,471
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,086 20,901 61,360
2010 Persons Per Household 2.54 2.71 2.66
Median House Value $295,300 $324,073 $350,443
Income Per Household $68,160 $77,350 $78,539
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 686 1,417 5,709
2012 Number Of Employees 14,394 37,888 168,860
2012 Total Annual Payroll $327,551,000 $990,635,000 $4,294,967,295

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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