Don't think of your everyday, ordinary Bar, Club and Restaurant as this establishment is so unique and extremely impressive. The location is incredible within the redevelopment of the Sacramento Downtown area just a stone's throw from the new Arena and the whole redevelopment. $2.4 million was spend over the period 2016-2018 turning an 8,000 sq ft derelict building into one of Sacramento's classy hot spots serving exciting food, craft cocktails, wines and beer. Monthly Rent is only $15,500 with a minimum 12 years remaining. The rent in this immediate area should be almost $4.00 psf. The reason for this low rent is because of the huge initial investment ($2.6 million) made in 2016-2018 with $0 TI's from the landlord. Included in the purchase is the owner's investment/renovation debt liability. $795,000 for the business plus $1.1million loan debt. A real turn key place in superb condition with solid revenue growth (Monthly Revenue over $200,000) sold with all the staff and manager in place. Take a look at this opportunity, take a real look at the location of this bar & restaurant and then imagine how this may be the one you've been looking for. All financials below are budgeted for 2020. To receive more information and discuss this opportunity with the broker please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & full list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. All financials below are budgeted for 2020.

General Info

  • OrganizationLLC
  • Established2016
  • Current Owner2016
  • Employees35
  • Reason For SaleOther Interests

Facilities

  • SeatingContact For Info
  • Square Feet8000
  • ParkingParking Structure
  • LicensesHealth, Business, ABC Type 47 & Entertainment Permit
  • Open HoursMon 11:30 am - 12:00 am Tue 11:30 am - 12:00 am Wed 11:30 am - 12:00 am Thu 11:30 am - 2:00 am Fri 11:30 am - 2:00 am Sat 4:00 pm - 2:00 am

Lease

  • Rent$15,500
  • Expiration2027
  • Yearly IncreaseContact For Info
  • OptionOne 5 years Option
  • Deposit$15,500

Financials

  • Monthly Revenue$332,750
  • Monthly Cash Flow$48,583
  • Annual Revenue$3,993,000
  • Annual Cash Flow$583,000
  • Payroll$$129,166

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