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#1856
Sacramento Restaurant For Sale

Mid-Town Sacramento Bar For Sale

$399,999
Sold
Mid-Town Sacramento Bar For Sale
This Listing is Sold
SellingRestaurants presents this wonderful and rare club in mid-town Sacramento for sale. This club is 100% absentee operated. Owner doesn't even show-up to the club! This is not your trendy club needing to be re-invented every 18 months along with another $500k in remodeling and remarketing costs; rather it is a mainstay in the area with more than a decade of history in providing a professional format where the white collar players meet after work and later in the evening for fun and entertainment.

If you want to grow the business, then turn it into a sports bar by day and club by night! the format will work for both busineesses.

The clientele are professionals who have the money to spend on beverages as well as FOOD! Yes, the club has a full kitchen serving all sorts of food items to meet the appetite of their wealthier upscale clientele. This venue is perfect for the entrepreneur who knows how to market to businesses and get their meeting budgets into this centrally located beautiful and convenient club.

The lease is great with a total of 9 years remaining through 12/1/2018. The rent is fixed for the remainder of the lease at about $7,300 a month!

The operation is running like a Swiss watch right now with pour costs down from 29% in 2008 to 23% in 2009 and labor costs down from 33% in 2008 to 23% in 2009. There is strong management in place if you want to run it absentee. Keep them or you can step in yourself and remove some of the management costs.

So you do the math here! 9% rent, 23% beverage and food, 23% labor makes for 55% prime costs well below the industry target of 65% and lots of profit to be had here! The Net is Seller's Discretionary Net Income, which means the current general manager's salary of roughly $60,000 has been added to the advertised income.

This is a very exciting business and also exclusive business. All Buyers must be pre-qualified and have a great credit score, more than 5 year club/restaurant management, and plenty of cash on hand to purchase the business and have working capital to maintain the business. Broker will ask for proof of funds.

So let's get the process started by selecting one of the orange buttons below to view more photos. 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:
Expires 12/1/13 with one 5 year option
Total Monthly Rent:
$7,300

Financials

Last Year's Annual Gross:
$657,000
Last Year's Owner's Cash Flow:
$132,000
Last Year's Food Cost %:
23
Last Year's Payroll Cost %:
23

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
6
Hours Open:
Open Mon. - Sat. 5pm - 2am
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
3900

Highlights

  • Absemtee Operated Hot Mid-Town Sacramento Club Location.
  • Recently Renovated.
  • Advertised Income is Seller's Discretionary Income (SDI).
  • Great Earnings History w/Verifiable Tax Returns.
  • SBA loan is possible, but certainly not guaranteed in this financial climate.
  • Buyer should have Restaurant/Club experience.
  • Type 47 Liquor License.
  • Fantastic Fixed Monthly Rent for Another 9 Years!
  • Capacity is in the 180+ range.
  • Solid history of earnings on tax returns.
  • There is an outside patio for those smokers!
  • Plenty of parking 30 Spaces

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

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

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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