PRICE REDUCED! Highly Confidential Listing, Only well qualified buyers will be informed of the name and address of this highly profitable Sacramento Midtown bar and restaurant. An SBA bank loan for up to $350,000 has been approved for this business and buyers will only require a 30% down, approximately $175k. The Bank will loan the remainder over a 10 year period, but only to extremely well qualified buyers with restaurant management experience and excellent credit. In business for 15 years, with a great location and local reputation, this bar and restaurant is poised to take advantage of the economic upturn and redevelopment in the downtown area. Fully Loaded Kitchen, Bar and Dining room to include Walk in cold room, stoves, fryers, security camera system & patio heaters. Full List available upon request.

General Info

  • OrganizationContact For Info
  • Established1999
  • Current Owner1999
  • Employees6 Full Time, 17 Part time
  • Reason For SaleConsolidating

Facilities

  • Seating100 + 50 Patio
  • Square Feet2000 + Patio
  • ParkingContact For Info
  • LicensesContact For Info
  • Open Hours11.30am - 1.30am Daily

Lease

  • Rent$5,100
  • Expiration12/31/2018
  • Yearly Increase2.90%
  • Option5 years
  • Deposit100 + 50 Patio

Financials

  • Monthly Revenue$100,000
  • Monthly Cash Flow$18,000
  • Annual Revenue$1,200,000
  • Annual Cash Flow$216,000
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location