IN PURCHASE CONTRACT 2nd Gen Restaurant Midtown Sacramento

Sacramento, CA (Sacramento County)

15 Tap Kegerator included

Asking Price:$85,000

Cash Flow:N/A

Gross Revenue:$719,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:N/A

IN PURCHASE CONTRACT 2nd Gen Restaurant Midtown Sacramento

Get Financing Save Print Share Valuation Report

Business Description

New Price $85k!
Have a concept in mind and looking for a cost effective 2nd generation restaurant space in the vibrant Midtown dining district?
Here's your chance to scoop up a great café with large patios in the heart of Midtown to launch it!

The restaurant benefits from a great location with excellent foot traffic with popular neighboring bars and restaurants as well as retail in the area that attracts both daytime and night time customers. The restaurant is currently open and operating but the owner is consolidating and would like to move into a smaller spot closer to downtown.

This restaurant is offered as a cost effective conversion with assets in place. The sale includes the Furniture, Fixtures and Equipment, and the Leasehold Interest for the location. The owner is willing to sell the Trade Name and Recipes for an additional amount that could be negotiated if a new owner wanted to continue with the current popular concept there.

The Sale also includes the Type 41 Beer & Wine license which covers the entire premises including the two patios and service is allowed until 10pm Sun to Thu and until 2am Fri & Sat. The covered patio has been approved for acoustic and amplified entertainment and the upstairs has been used as an entertainment venue as well.

The space is approx. 6000sf of usable space indoors and out with seating for about 65 inside and about 24 on the front patio and about 68 on the covered patio. The Rent is approx. $5,485 per month + water & sewer & garbage $340/mo. NNN is $3,484 annually.
The Lease goes through 2019.
The Landlord is amiable and open to negotiation for additional options.

The restaurant space has two floors with a downstairs kitchen and prep area and a space upstairs that has been approved for food preparation as well. The kitchen does not currently have a hood but we believe it would be possible to add one if needed.

This is a 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.

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

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
3/31/2019
Facilities:
The space is approx. 6000sf of usable space indoors and out with seating for about 65 inside and about 24 on the front patio and about 68 on the covered patio. The Rent is approx. $5,485 per month + water & sewer & garbage $340/mo. NNN is $3,484 annually. The Lease goes through 2019. The Landlord is amiable and open to negotiation for additional options.
Competition:
Great location with other popular restaurants and bars nearby.
Support & Training:
To be negotiated if needed
Reason for Selling:
Moving

Listing Statistics for Premium Members

Ad#:1240014 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

Show Phone Number

View My Listings

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

Find out more...

Get more details about this business.


Similar Listings


MidiCi

Franchise Opportunity
Capital Required: $550,000