Beautiful Mediterranean Restaurant or Conversion

Sacramento County, CA

Fresh Menu

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2015

Beautiful Mediterranean Restaurant or Conversion

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Business Description

Here’s your opportunity to step into a turn-key restaurant in like new condition!

This restaurant space could be continued with its Mediterranean concept or considered as a cost effective conversion to something different. The restaurant was recently opened after an extensive “transformation” from an empty shell to a beautiful contemporary Mediterranean restaurant. An extensive investment of over $600,000 was made in building out both the kitchen and public areas, literally from floor to ceiling. Important structural, mechanical and ADA modifications were completed, including installing a beautiful granite topped bar, unique lighting fixtures, high quality kitchen equipment and fixtures, and 2 ADA compliant restrooms. The space is approx 3078sf with Total Rent $8,322 ($2sf base). Favorable Long term lease in place until Jan 2023 with two 5 yr options with scheduled rent!

The restaurant offers a rare opportunity to own a beautifully updated space in one of the best locations in a developing area of Sacramento County. The area is a business hub with a nice mix of commercial, retail, offices and it is surrounded by a growing population of middle income residential. There are several major name brand hotels in the area as well as large office parks. There is a strong influx in the daytime population from employees and guests from these nearby businesses. The location also has easy access to Hwy 50 which brings in travelers.

The restaurant occupies a highly visible corner location in the Shopping Center with visibility from the main roadway. This mixed-use office and retail center includes National Chain retail and restaurant anchor tenants as well as successful independents and office tenants.

All of the ingredients needed for a successful restaurant and bar are in place, and offered at a price well below what it would cost to recreate this restaurant, should a comparable location even exist. The current owner has completed all of the expensive upgrades and investments and has started to build the restaurant’s clientele, but his other business requires his full attention and he is finding it difficult to manage multiple competing interests. The owner recently got the restaurant’s menu into the neighboring hotels and has already experienced a boost in sales. Business Catering and hosting receptions or events are another area of the business primed for growth.

The owner is looking for an experienced person or team to take over operations and is motivated to sell.

This is a confidential listing so you must complete a Confidentiality Agreement/NDA form for us in order to learn the name and address and other details.

We look forward to talking with you about this exciting opportunity!

Detailed Information

Real Estate:
Leased
Building SF:
3,078
Lease Expiration:
N/A
Employees:
4FT +5PT
Facilities:
The restaurant was recently opened after an extensive “transformation” from an empty shell to a beautiful contemporary Mediterranean restaurant. An extensive investment of over $600,000 was made in building out both the kitchen and public areas, literally from floor to ceiling. Important structural, mechanical and ADA modifications were completed, including installing a beautiful granite topped bar, unique lighting fixtures, high quality kitchen equipment and fixtures, and 2 ADA compliant restrooms. The space is approx 3078sf with Total Rent $8,322 ($2sf base). Favorable Long term lease in place until Jan 2023 with two 5 yr options with scheduled rent!
Competition:
Unique area with high daytime worker population and not much restaurant competition.
Growth & Expansion:
The owner recently got the restaurant’s menu into the neighboring hotels and has already experienced a boost in sales. Business Catering and hosting receptions or events are another area of the business primed for growth. The owner is carving out about 1000sf out of the space to use for another retail business. This will reduce the size of the restaurant and the monthly rent.
Support & Training:
2 weeks @ 40 hours
Reason for Selling:
Consolidating

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Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

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