Price has been reduced to $849,000 for this large Bar/Restaurant with ABC Type 47 Hard Liquor License which was built out in 2016/2017 at a cost of $1.4million. Superb corner location surrounded by many restaurants, bars and clubs. There is no other better location in Downtown Sacramento with it's 7,000 + square feet of modern, usable space and a well laid out & fully equipped kitchen which is easily capable of making 1,000 plates daily. The present owners are too busy managing their other businesses and cannot give the necessary time and expertise to grow this newly established business and are willing to offer a Seller Carry Note for a portion of the purchase price to well qualified experienced buyers with good financials and excellent credit. This is 'THE' night life location in the city of Sacramento and this bar/restaurant is in a 'Turn Key' condition & ready for an experienced operator to take this business onto new heights with a long 18 year lease. The bar has barstool seating for 18 plus a further 100 at community tables, high tables and booths. The main dining room seats 100 plus a private dining room for 50. The patios seat an additional 25 at each making a total seating capacity of around 300. The kitchen is new and fully fitted with a 30ft line, separate prep kitchen with walk-in cooler and freezer. The opportunity to grow this fledgling business into one of the premier bars and restaurants in the area is available to experienced operators to achieve tremendous growth. Please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & 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
  • Established2017
  • Current Owner2016
  • Employees40
  • Reason For SaleOther Interests

Facilities

  • Seating220
  • Square Feet7224
  • ParkingParking Structure & Street
  • LicensesHealth, Business and ABC Type 47
  • Open HoursDaily from 11am

Lease

  • Rent$20,500
  • Expiration2021
  • Yearly IncreaseContact For Info
  • OptionThree 5 year Options to Extend
  • Deposit20,000

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • 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