Prime location on restaurant row in the heart of downtown located on K & 12th street with 4800 sq ft of fully usable space seating 150 with two 400 sq ft of outdoor patio's seating a further 50. ABC Type 41 Beer and Wine license with Bar, Restaurant and separate large Event Center for 150 guests plus private dining rooms. Current events are in excess of 6-8 per week including Receptions, Dinners and Live Music Concerts. The many banqueting events are filled with an extremely strong client base which the present owner has cultivated working closely with the legislators and neighboring hotels (Hyatt & Sheraton) and the local Arts center. This opportunity may suit a Caterer wishing to relocated to the heart of Sacramento just steps away from the Convention center, major hotels and the Capitol. A full remodel was completed in 2017 which totally modernized the space and maximized it's use. The Kitchen was also remodeled which now boasts a 12 ft type 1 hood with Ansul system, 2 Montague convection ovens, 6 burner stove with oven, under counter fridge, sandwich fridge, commercial freezer, Vollrath counter top fridge and large walk-in cooler. The nicely appointed Granite top bar comfortably seating 12 with additional table seating plus 2 private dining rooms. Currently the business is only open Monday - Friday 11am - 8pm and closed on weekends and all Government holiday's, (110 days closed each year). This is a huge opportunity for a new owner to grow the weekend & evening business by offering weekend wedding receptions and evening entertainment. Rent is way below market at $2.40 per square foot including water, trash and NNN. The current long lease in place doesn't expire until 2030. 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.

General Info

  • OrganizationContact For Info
  • Established1995
  • Current Owner2012
  • Employees20 Part Time
  • Reason For SaleOther Interests

Facilities

  • Seating150 + 2 patio's seating a further 50
  • Square Feet4830
  • ParkingParking Lot
  • LicensesHealth, Business and ABC Type 41 beer and wine & Entertainment Permit
  • Open Hours11am - 8pm Monday to Friday Only

Lease

  • Rent$11,500
  • Expiration2020
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year Options
  • Deposit11500

Financials

  • Monthly RevenueContact for Info
  • Monthly Cash FlowContact for Info
  • Annual RevenueContact for Info
  • Annual Cash FlowContact for Info
  • Payroll$$13,400

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