This busy Restaurant, Bar and Banqueting business with a Hard Liquor Type 47 License has been in the same ownership for 15 years and is now for sale with a pre-approved SBA loan already in place. Well qualified buyers would only require $125k cash down for this opportunity, the bank would provide the rest and cash flow can easily support the loan for this prestigious business with annual sales of $1.9 million and annual profits of $245,000. This is a Superb opportunity to purchase this AAA, turn key restaurant with busy banqueting business in the Sacramento metro area. The dining room seats 80, the private dining room 50, the bar 40 and the patio 60 = 230 total seats. The restaurant is open daily for lunch and dinner but closed on Monday's. The monthly rent is only $6,000, just 3.8% of the annual sales of $1.9 million, which makes this a winner for an experienced restaurateur or chef & partner team looking to make their name in the culinary world. There is a fully loaded modern kitchen with a 36ft type 1 extraction hood with fire suppression system, a wood burning pizza oven, 2 french tops with ovens, double convection oven, char-broiler, flattop, 6 burner and oven, many refrigerated worktops plus prep kitchen, 2 large walk-in's. The dining room is upscale with wood and carpet flooring, polished wood tables and booths with a private banqueting room again mostly wood. The patio has 12 gas heaters and quality patio furniture. There are many other opportunities to grow this business & future operators must review the business as a whole to fully appreciate the scope for growth. Please complete the 'Confidential Information' request at the top of this page and we will send you the name and address of this business plus the financials & lease documents. We will also send you the broker contact information so you may discuss this opportunity in more detail.

General Info

  • OrganizationPartnership
  • Established1990
  • Current Owner2003
  • Employees44
  • Reason For SaleOther Interests

Facilities

  • Seating260
  • Square Feet5500
  • ParkingStreet and Parking Lot
  • LicensesHealth, Business and ABC Type 47 License
  • Open HoursTues - Sunday 11.30am - 2pm & 5pm - 9pm

Lease

  • Rent$6,000
  • ExpirationNew Lease - Negotiable
  • Yearly IncreaseNew Lease - Negotiable
  • OptionNew Lease - Negotiable
  • Deposit$10,000

Financials

  • Monthly Revenue$175,000
  • Monthly Cash Flow$20,500
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$$41,000

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