* Included in Asking Price
Midtown Restaurant With Show Kitchen, Bar & Front Patio With Beer & Wine License
Asking Price: $149,000
Location: Sacramento, Sacramento County, California
Yearly Revenue: $532,800
Yearly Cash Flow: $60,000
Monthly Rent: 3450 Inc NNN
65 seat restaurant located in the center of midtown Sacramento with great curb appeal which truly ''turn key''. This business is currently managed by the owner just 3 days a week and makes profits of $60,000 annually from sales of $520,000. Only open in the evenings and closed Monday there is a huge scope to increase business. The rent is only $2.10 per sq ft at $3,450 per month including NNN, which is very low for Midtown and has a further 10 years remaining with just 3% annual increases. There is a fully equipped show kitchen with a 10ft Type 1 hood and fire suppression system, 6 burner stove with oven, large broiler, double deep fryer and steam table plus refrigerated worktops, shelving and prep area. Back of house area with 3 compartment sink, upright fridge and freezer, dishwasher machine and ample sized storeroom. The beer and wine bar seating 6 and overlooks the dining room with it''s modern decor, hardwood floor and custom wood tables and chairs. The whole space feels like trendy Sacramento & extremely comfortable. Outside, the 2 small patio''s seat a further 18 under large umbrella''s and metal furniture. Full ADA compliant bathrooms complete this ready to move in restaurant in it''s enviable location. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the financial information, lease & the full 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.
Organization: LLC | Year Established: 2000 | Current Owner: 2015 | Employees: 10 | Seating: 65 + Patio | Square Footage: 1640 | Parking: Street + Parking lot | Licenses Required: Health, Business and ABC Type 41 beer and wine | Days Open/Hours: Tuesday - Friday 3pm - 9pm, Sat & Sun 10am - 10pm, Closed Mondays | Reason For Sale: Other Interests |
Yearly Revenues: $532,800 | Yearly Cash Flow: $60,000 | Payroll: $10426 |
Monthly Rent: 3450 Inc NNN | Lease Expiration: 2021 | Yearly Adjustment: 3% | Lease Option: One 6 Year Option | Security Deposit: 8000 |
Seller Reference #2895
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