Premier Midtown Bar and Restaurant, Liquor License

Not Disclosed, CA
Sacramento County

Asking Price: Annual Revenue:
$595,000 $1,965,759

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Premier Midtown Bar and Restaurant, Liquor License Broker: Seller of Business

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,965,759
Net Profit: Not Disclosed
Cash Flow: $208,152
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 35
BBN Listing #: 412311533
Broker Reference #: 3623

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Business Overview:

Premier Midtown Bar And Restaurant – Hard Liquor License – Farm To Table Menu & Cocktails RRC#: 3623

Asking Price: Offered At $595,000
Location: Sacramento County
Annual Revenue: $1,965,759
Annual Cash Flow: $208,152
Monthly Rent: $12,500 Including NNN

Listing Description:
Sacramento Midtown ‘Icon’ Bar and Restaurant in the same ownership since 2011. $2 million in consistent annual revenue with good profits to match but more importantly, a highly reputable name and superb location. Lease has a further 11 years to run with future options negotiated prior to the sale. 4,000 square feet of useable space with an outdoor patio completely fitted and plumbed with gas heaters & an outside bar. Low Monthly Rent for central Sacramento, at $12,500 including all NNN, only 7.5% of sales. The semi-show kitchen is small but with ample prep area and a fully equipped cooking line, including a 12’ type 1 hood with fire suppression system, 8 burner stove with double ovens, broiler, deep fryers and salamander with refrigerated worktops. The bar and dining room are the ‘Classic’ midtown uncovered brick walls but with the addition of stylish décor and modern lighting adding to the appeal and timeless look. The huge bar is renowned for making eclectic cocktails accompanied with exciting ‘farm to fork’ appetizers. The main menu is also modern & exciting and has earned a reputation for being ‘The place’ to go for a Gastronomic Inebriant experience. A real turn key place in superb condition with solid financials with all the staff and general manager in place. 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:
Established: 1990
Current Owner: 2011
Employees: 35
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $163,813
Monthly Cash Flow: $17,346
Annual Revenue: $1,965,759
Annual Cash Flow: $208,152
Payroll: $49,145

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Reason for Selling:

Other Interests

Additional Details:

  • The property is leased.
  • 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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