855 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$500,000
Revenue$3,000,000 EstablishedUndisclosed
Cash Flow$264,000 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Long Established Sacramento Icon Restaurant & Bar With Hard Liquor License

RRC#: 2427
Asking Price: $500,000
Location: Sacramento Metro Area, Sacramento, California
Yearly Revenue: $3,000,000
Yearly Cash Flow: $264,000
Monthly Rent: 7%

This Restaurant & Bar has been a successful Sacramento icon for nearly 60 years. A valuable full bar ABC Type 47 hard liquor license is included with the sale. With it''s unique style of service which will always be a popular concept serving the Sacramento community. Pre-Approved for an SBA loan funding 75% of the sale price. A buyer with good credit and experience in the industry can purchase for only 25% down, financing the remainder over 10 years. 6,500 square feet with the main dining room seats 140, the bar seats 20 at the bar counter and a further 70 seats in the private banquet room. The kitchen is fully loaded with it 20ft hood with fire suppression system, 2 large walk-in''s, double convection oven, a 12 burner stove, triple door steamer, refrigerated work tops along the line, prep area with s/s tables and a large separate dish wash area to cope with the 500+ daily guests. The decor maybe old fashioned but it''s in keeping with the style of food and drinks served. Annual sales are consistent year on year at $3 million with profits of $240,000 while under management. The owner is quasi absentee and only spends 15 . Food represents 90% of sales and has a relatively high food cost while the bar at only 10% of sales has a huge potential for growth. A seasoned operator would really enjoy reducing the food costs and expanding the alcohol sales to increase profits. Located on a major 6 lane highway with a parking lot for 100+ vehicles this restaurant has great curb appeal and a reputation to match. This is a unique concept restaurant and bar that will always be popular with the community. Don''t miss out on this long established icon of a restaurant for sale at $500k. To receive full details of this opportunity please complete the ‘Confidential Information’ request at the top of this page and we’ll send you the name, address, financials & lease information. We will also send you the broker’s agent contact information so you can discuss in more detail.

Organization: LLC | Year Established: 1959 | Current Owner: 2007 | Employees: 40 | Seating: 230 | Square Footage: 6500 | Parking: 100+ | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: 11.00am - 9.00pm Daily | Reason For Sale: Other Interests |

Yearly Revenues: $3,000,000 | Yearly Cash Flow: $264,000 |

Monthly Rent: 7% | Lease Expiration: 2017 | Yearly Adjustment: 3% | Lease Option: New Lease - Negotiable | Security Deposit: 10,000 |
Ad #79773
Seller Reference #2427
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Steven D. Zimmerman, CBI, CBB
Restaurant Realty Company
Email Address