Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#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.:
3,900

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.

Other Listings in the Area
  • Remodeled Indian and Pakistan restaurant for sale in Citrus Heights
    #5359
    Remodeled Indian and Pakistan restaurant for sale in Citrus Heights
    Lease:  
    There is 2.5 year plus 5 year option and 5 year option on lease
    Monthly Rent:  
    $3,100
    Square Feet:  
    2,200
    Available
    $75,000
  • Profitable Sushi and Vietnamese with Beer & Wine
    #5432
    Profitable Sushi and Vietnamese with Beer & Wine
    Lease:  
    Expires Sept. 30, 2019 plus 5 year option
    Monthly Rent:  
    $5,899
    Annual Revenues:  
    $458,331
    Annual Adj. Net:  
    $70,776
    Square Feet:  
    2,995
    Available
    $79,500
    Down Payment
  • Large 5000 sq ft Freestanding restaurant for sale in Sacramento
    #5588
    Large 5000 sq ft Freestanding restaurant for sale in Sacramento
    Lease:  
    There are 6 years left on lease + 5 year option
    Monthly Rent:  
    $7,750
    Square Feet:  
    5,000
    Available
    $175,000
  • What a Steal! Restaurant w/Real Estate in Sacramento! Possible SBA!
    #5630
    What a Steal! Restaurant w/Real Estate in Sacramento! Possible SBA!
    Lease:  
    Real Estate For Sale
    Annual Revenues:  
    $250,884
    Annual Adj. Net:  
    $84,736
    Available
    $425,000
    Down Payment
  • Fast Casual Asian Fusion restaurant for sale in Fairfield
    #5643
    Fast Casual Asian Fusion restaurant for sale in Fairfield
    Lease:  
    There are 2 year left + 5 year option and 5yr option on lease
    Monthly Rent:  
    $4,000
    Annual Revenues:  
    $650,000
    Square Feet:  
    1,327
    Available
    $265,000
  • Pizza Restaurant - Low Low Rent - Yolo County
    #5645
    Pizza Restaurant - Low Low Rent - Yolo County
    Lease:  
    Expires 12/31/2020
    Monthly Rent:  
    $1,500
    Square Feet:  
    2,500
    Available
    $49,500
    Down Payment
  • Great Folsom Location - New Upscale Turn-Key Restaurant Space
    #5650
    Great Folsom Location - New Upscale Turn-Key Restaurant Space
    Lease:  
    Ex. February 1st, 2030, plus One 5 yr option
    Monthly Rent:  
    $10,900
    Square Feet:  
    5,000
    Available
    $199,500
    Down Payment
  • Branded Boba tea and snack shop for sale in Elk Grove
    #5659
    Branded Boba tea and snack shop for sale in Elk Grove
    Lease:  
    There is 4 years left on lease
    Monthly Rent:  
    $2,598
    Square Feet:  
    1,000
    Available
    $68,000
  • Established Japanese & Sushi Restaurant
    #5684
    Established Japanese & Sushi Restaurant
    Lease:  
    New Lease
    Monthly Rent:  
    $1,385
    Annual Revenues:  
    $330,788
    Annual Adj. Net:  
    $38,088
    Square Feet:  
    1,300
    Available
    $219,000
  • Classy unique restaurant with for sale in Downtown Sebastopol
    #5774
    Classy unique restaurant with for sale in Downtown Sebastopol
    Lease:  
    There is 5 years left on lease
    Monthly Rent:  
    $3,200
    Annual Revenues:  
    $350,000
    Square Feet:  
    1,200
    Available
    $99,999
  • A hidden gem tucked away in Elk Grove east of Hwy 99
    #5788
    A hidden gem tucked away in Elk Grove east of Hwy 99
    Lease:  
    There is 2.5 year left plus 5 yr option
    Monthly Rent:  
    $3,700
    Square Feet:  
    1,200
    Available
    $65,000
  • Classic American Food - Great Bar - Downtown Sacramento
    #5824
    Classic American Food - Great Bar - Downtown Sacramento
    Lease:  
    Expires August 31, 2025, plus 5 year option
    Monthly Rent:  
    $10,684
    Annual Revenues:  
    $1,335,750
    Annual Adj. Net:  
    $129,974
    Square Feet:  
    5,432
    Available
    $129,000
    Down Payment
  • Profitable Breakfast & Lunch Nevada County For Sale
    #5827
    Profitable Breakfast & Lunch Nevada County For Sale
    Lease:  
    Expires Oct. 31st, 2025 Plus 5 year option
    Monthly Rent:  
    $3,704
    Annual Revenues:  
    $1,370,012
    Annual Adj. Net:  
    $255,138
    Square Feet:  
    2,100
    Available
    $499,000
    Down Payment
  • Profitable Breakfast & Lunch Nevada County
    #5833
    Profitable Breakfast & Lunch Nevada County
    Lease:  
    Expires May 31,2022 plus a five year option
    Monthly Rent:  
    $3,289
    Annual Revenues:  
    $1,061,745
    Annual Adj. Net:  
    $89,939
    Square Feet:  
    1
    Available
    $150,000
  • Family run Thai restaurant for sale in Rocklin shopping center
    #5852
    Family run Thai restaurant for sale in Rocklin shopping center
    Lease:  
    There is 1 year left plus 3 yr option
    Monthly Rent:  
    $8,100
    Square Feet:  
    2,300
    Available
    $150,000

Terms Of Use     © 2020 Powered by BBMT Inc.