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Listed by:

Restaurant Realty Company

Bar And Restaurant In Sacramento County For Sale

Sacramento County, California - North
Asking Price:
$750,000 (USD)
Sales Revenue:
$1,720,344 (USD)
Cash Flow:
Available on request

Price Reduction-7,000 Sq Ft Bar/restaurant With Hard Liquor License & 2 Outdoor Patio''s In Downtown

RRC#: 2941
Asking Price: $849,000
Location: Sacramento Metro Area, Sacramento County, California
Yearly Revenue: Contact for Info
Yearly Cash Flow: Contact for Info
Monthly Rent: $20,500

LISTING DESCRIPTION:
Price has been drastically reduced to $849,000 for this 7,000 sq ft Bar/Restaurant with Hard Liquor License opportunity which was built out in 2016/2017 at a cost of $1.4million. Superb corner location surrounded by many restaurants, bars and shops, there is no other better location in Sacramento with it''s 7,000 + square feet of modern, usable space and well laid out & fully equipped kitchen is easily capable of making 1,000 plates daily. The present owners are too busy managing their other businesses and cannot give the necessary time and expertise to grow this newly established business and are willing to offer a Seller Carry Note for a portion of the purchase to well qualified experienced buyers with good financials and excellent credit. This is ''THE'' night life location in the city and this bar/restaurant is in a ''Turn Key'' condition ready for an experienced operator to take this business onto new heights, which is capable of $2-4 million. The bar has barstool seating for 18 plus a further 100 at community tables, high tables and booths. The main dining room seats 100 plus a private dining room for 50. The patios seat an additional 25 at each making a total seating capacity of around 300. The kitchen is new and fully fitted with a 30ft line, separate prep kitchen with walk- in cooler and freezer. The opportunity to grow this fledgling business into one of the premier bars and restaurants in the area is available to well qualified new buyers and achieve tremendous growth. This is a highly confidential listing so please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2017 | Current Owner: 2016 | Employees: 40 | Seating: 220 | Square Footage: 7224 | Parking: Parking Structure & Street | Licenses Required: Health, Business and ABC Type 47 | Days Open/Hours: Daily from 11am | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Contact for InfoContact for Info

LEASE INFORMATION:
Monthly Rent: $20,500 | Lease Expiration: 2021 | Lease Option: Three 5 year Options | Security Deposit: 20,000 |

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