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Centrally Located, Beautifully Equipped Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $900000
Net Profit / Cash Flow $96000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description Mid Town, Beautifully Equipped, 6500 Sq Ft Restaurant
RRC#: 1799
Asking Price: $295,000
Location: Mid-Town Sacramento, Sacramento, California
Yearly Revenue: $900,000
Yearly Cash Flow: $96,000
Monthly Rent: $11,000 approx
LISTING DESCRIPTION:
This beautifully appointed bar and restaurant is situated in Mid-town Sacramento and recent major renovations have made this business a turnkey opportunity for the buyer. The business operates seven days week and is located in a great central location in a busy day & nighttime business /evening location. This opportunity is a rare find in such a beautiful condition, with a state of the art kitchen, huge basement storage, bar area and seating for 60 with a separate dining room seating another 80 and outdoor seating for an additional 30. The present owner has built the annual sales in excess of $1 million and now wishes to be with his family. The fully equipped bar and restaurant operation is capable of reaching $2 million +. The growth potential in this busy Mid-town area is a major asset. What is included? The modern kitchen has a 12ft type 1 hood with fire suppressant system, ample s/s prep tables, broiler, grill, large walk in cold room, two 2 door freezers, fryers, stove with 6 burners and all required small wares. The rent of approx. $11,000 ($1.70 sq. ft.) per month is under mainstream rent in the Mid-town area. The business has so much growth potential and is in a first class condition. All the equipment is and looks like new and is priced to sell.
GENERAL INFORMATION:
Organization: Corporation | Year Established: 2010 | Current Owner: 2010 | Seating: 160 | Square Footage: 6,500 | Parking: Street + lot nearby | Licenses Required: AC Type 47 (full liquor, Business, Health | Days Open/Hours: S-Th 11a-mid F, SA 11a-1p | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $900,000 | Yearly Cash Flow: $96,000 | Inventory: $15,000 | Payroll: $18,000 |
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