This 65 seat 'turn key' restaurant is located at a busy restaurant sector in the center of midtown Sacramento. The owner is semi-absentee with other business interests in the city and has an annual profit of $50,000 from sales of $550,000. All the staff are in place with good revenues and provable cash-flow. The owner will train the buyer to successfully operate the business. Open evenings Only and closed on Mondays, there is 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 this high profile location in Midtown and the lease has a further 10 years remaining. 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 a modern, trendy Sacramento restaurant & is extremely comfortable. Outside, the 2 patio areas seat a further 18 under large umbrella's and metal furniture. Fully ADA compliant bathrooms complete this ready to move in restaurant with 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.

General Info

  • OrganizationContact For Info
  • Established2000
  • Current Owner2015
  • Employees10
  • Reason For SaleOther Interests

Facilities

  • Seating65 + Patio
  • Square Feet1640
  • ParkingStreet + Parking lot
  • LicensesHealth, Business and ABC Type 41 beer and wine
  • Open HoursTuesday - Friday 3pm - 9pm, Sat & Sun 10am - 10pm, Closed Mondays

Lease

  • Rent3450 Inc NNN
  • Expiration2021
  • Yearly Increase3%
  • OptionOne 6 Year Option to extend
  • Deposit8000

Financials

  • Monthly Revenue$45,833
  • Monthly Cash Flow$4,166
  • Annual Revenue$550,000
  • Annual Cash Flow$50,000
  • Payroll$$10,989

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