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#281
Sacramento Restaurant For Sale

AAA RIVER LOCATION RESTAURANT/BAR/CLUB WITH HARD LIQUOR

$100,000
Sold
AAA RIVER LOCATION RESTAURANT/BAR/CLUB WITH HARD LIQUOR
This Listing is Sold

Selling Restaurants presents this rare river front restaurant offering a wonderful tropical river atmosphere with a large bar area used as a nightclub. It was recently completely remodeled. There are 160 seats inside and 80 seats outside in this two story restaurant overlooking the river and sitting next to a major national restaurant chain with multi-million annual sales. This is a pure leasehold and asset sale, no financials to be provided. There is approximately 5,600 Sq. Ft. with two large bar areas, a dance floor, 2 pool tables, full kitchen (25' hood system), and plenty of outside seating. There is a little more than 5 years on the lease with two 5 year options. Rent is $10,927 per month plus NNN of $3,000. The landlord is great and easy to work with and supports his tenants. This is a "AAA" location capable of extraordinary volume and entertainment with neighboring restaurant doing multi-million dollar sales. There are over 300 parking spaces plus plenty of streets parking too. There is a type 47 liquor license included. The location currently has an entertainment permit, but a buyer must re-apply for one upon transferring the business. The seller is spread too thin and as a result his other very profitable restaurant is suffering.

Please select one of the bright orange buttons below to get the name and address of this business along with more photos. It requires one to register, which costs nothing. All that's needs is an e-mail address, name, address and phone contact to register. Simple as that!

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 August 9, 2014 + two 5 year options
Total Monthly Rent:
$11,900
Security Deposit:
$10,000

Operations

Liquor License:
47
# of Full-Time Employees:
9
# of Part-Time Employees:
29
Hours Open:
Mon.-Sat. 11am - 9pm (year around)
Sunday 10am - 9pm. (Summer Hours)
Club Hours: Wed 9pm-12pm; Thurs-Sat. 9pm-2am.
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
160
Outdoor Seating:
80
# of Parking Spots:
300
Inside Sq. Ft.:
5,600
Outside Sq. Ft.:
1000

Highlights

  • Absolute steal
  • 6% lease or base monthly rent of $10,927
  • Seats 240 - 160 inside & 80 Outside
  • 5,600 Sq. Ft. Facility - Two Story
  • Already Staffed with 38 Employees
  • Type 47 Liquor License Included
  • 300+ Parking spots plus street parking
  • Lease has 6 years + two 5 year options
  • Tropical Theme
  • Full bar on both levels
  • Rare "AAA" River location

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 39,149 95,943 274,263
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,012 37,586 100,567
2010 Persons Per Household 2.66 2.43 2.56
Median House Value $170,700 $211,730 $244,348
Income Per Household $56,280 $48,490 $52,707
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 574 3,918 7,890
2012 Number Of Employees 21,158 132,156 263,308
2012 Total Annual Payroll $771,755,000 $3,587,391,000 $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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