Downtown Restaurant and Bar Lounge near New Arena

Sacramento, CA (Sacramento County)

Downtown Restaurant and Bar Lounge near New Arena

Asking Price:$549,000

Cash Flow:N/A

Gross Revenue:$1,600,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Downtown Restaurant and Bar Lounge near New Arena

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Business Description

Attention Experienced Restaurateurs!
Looking for an amazing Bar & Restaurant opportunity in the vibrant Downtown Dining District?
Here’s your chance to scoop up a large capacity Bar & Restaurant in a high profile location, within close walking distance to some of Sacramento’s most popular restaurants and entertainment venues including the new Golden One Center!

Revenues for 2015 are reported as $1.6M+ and we believe the facility has the ability to double the sales if aggressively promoted.

This Full Liquor Bar and Restaurant is a popular destination for drinks and dining with the movers, shakers, and law-makers of our City and State. The restaurant is well known as an excellent example of cooking in its genre and the sale includes the owners’ concept, recipes and menu, but this space could be considered for a cost effective conversion if the next owner wants to implement their own brand and vision in the downtown market.

The contemporary interior design with warm woods and fixtures contribute to its elegantly casual atmosphere. The enclosed patio is one of the best for its views and people watching in the downtown. Two large bars are available and the restaurant offers a popular Happy Hour appealing to the downtown after-work crowd. This place also has a large lounge and banquet room which make it a popular venue for receptions and event dinners. The next owner could also consider incorporating a club concept. Total Interior occupancy is over 400 and there is a patio with capacity for another 50 to 80 guests. The kitchen is equipped to handle high volume production during peak periods for fast full table service in addition to banquets.

The sale includes an ABC Type 47 full liquor license.

The owners have laid a great foundation and take pride in developing this popular restaurant and bar, but the time has come to separate their business interests so they are ready to pass the business on to the next owner to steward its continued success into the future. The business is fully staffed with a GM and seasoned front and back of the house teams so this can be a turn-key opportunity for the next owner.

This is a very confidential listing so you must complete a Confidentiality Agreement/NDA for us in order to learn the name and address and to request further details.
The next owner must be experienced and well-capitalized to qualify for the purchase and lease, and should be prepared to provide verification of funds.

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

Detailed Information

Employees:
8FT+25PT
Facilities:
Total Interior occupancy is over 400 and there is a patio with capacity for another 50 to 80 guests.
Competition:
Excellent location in prime Downtown area
Growth & Expansion:
Revenues for 2015 are reported as $1.6M+ and we believe the facility has the ability to double the sales if aggressively promoted.
Support & Training:
2 weeks Transition consultation
Reason for Selling:
Consolidating

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Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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