Price reduced to $250,000. SBA Pre-Approved at a fixed interest rate to well qualified experienced Buyer's with good credit. This Sacramento Midtown 'Icon' Restaurant & Bar has been in the same ownership since 2011. $2 million+ annual revenue each year 2017 - 2019 with good profits to match with an excellent reputation, name and superb location. Lease has a further 11 years to run with future options negotiated prior to the sale. 4,000 sq ft of useable space with an outdoor patio completely fitted and plumbed with misters for the summer and gas heaters for the cooler months plus an outside permanent bar. Low Monthly Rent for central Sacramento, at $12,500 including all NNN and only 7.5% of sales. The semi-show kitchen is small but has ample prep space and a fully equipped cooking line, including a 12' type 1 hood with fire suppression system, 8 burner stove with double ovens, broiler, deep fryers and salamander with a walk-in and refrigerated worktops. The bar and dining room are the 'Classic' midtown brick walls with the addition of stylish décor and modern lighting adding to the appeal and timeless look. The attractive bar is famous for making eclectic cocktails accompanied with an exciting 'farm to fork' menu. The main menu is modern & exciting and has earned a reputation for being 'The place' to go for a Gastronomic experience. A real turn key establishment in a superb condition with solid financials and with all the staff and General Manager in place. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long term SBA loan solution 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.

General Info

  • OrganizationContact For Info
  • Established1990
  • Current Owner2011
  • Employees35
  • Reason For SaleOther Interests

Facilities

  • Seating90 + 30 Patio
  • Square Feet4000
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 47 License
  • Open HoursMon-Wed 11:30 am - 12:00 am, Thu-Fri 11:30 am - 2:00 am, Sat 4:00 pm - 2:00 am, Sun 10:00 am - 12:00 am

Lease

  • Rent$12,500 Including NNN
  • Expiration2021
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year Lease Options
  • Deposit$12,500

Financials

  • Monthly Revenue$163,813
  • Monthly Cash Flow$17,346
  • Annual Revenue$1,965,759
  • Annual Cash Flow$208,152
  • Payroll$49,145

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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