Price Reduced to $0- Premier Downtown Bar/Restaura

Not Disclosed, CA
Sacramento County

Asking Price: Annual Revenue:
Not Disclosed $3,993,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Price Reduced to $0- Premier Downtown Bar/Restaura Broker: Seller of Business

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,993,000
Net Profit: Not Disclosed
Cash Flow: $583,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 911511533
Broker Reference #: 3808

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Business Overview:

Price Reduced to $00.00 - Premier Downtown Bar & Restaurant - Hard Liquor License - Next to Arena.

RRC#: 3808
Price Reduced: Offered At $0.00
Location: Sacramento County
Annual Revenue: $3,993,000
Annual Cash Flow: $583,000
Monthly Rent: $15,500

Listing Description:
$00.00 for the business plus the buyer assumes the $1 million in long term 30 yr loan debt, $6,000 monthly. Don’t think of your everyday, ordinary Bar, Club and Restaurant as this establishment is so unique and extremely impressive. The location is incredible within the redevelopment of the Sacramento Downtown area just a stone’s throw from the new Arena and the whole redevelopment. $2.4 million was spend over the period 2016-2018 turning an 8,000 sq ft derelict building into one of Sacramento’s classy hot spots with exciting food, ABC type 47 hard liquor license serving craft cocktails, wines & beer and as a bonus, the business has an Entertainment Permit with a Dance Permit which is huge in Sacramento. Monthly Rent is only $15,500 ($2 per sq ft) with a minimum 12 years remaining. The rent in this immediate area should be almost $4.00 psf. The reason for this low rent is because of the owner's huge initial investment ($2.6 million) made in 2016-2018 with $0 Tenant Improvements from the landlord. A real turn key establishment in superb condition with solid revenue growth (2019 Monthly Revenue over $200,000) sold with all the staff and manager in place. Take a look at this opportunity, take a real look at the location of this bar & restaurant then imagine how this may be the one you’ve been looking for. All financials below are budgeted for 2020. To receive more information and discuss this opportunity with the broker please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:
Organization: LLC
Established: 2016
Current Owner: 2016
Employees: 35
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $332,750
Monthly Cash Flow: $48,583
Annual Revenue: $3,993,000
Annual Cash Flow: $583,000
Payroll: $129,166
Monthly Revenue: $332,750
Monthly Cash Flow: $48,583

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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