6,550 Sq Ft Hard Liquor Licensed Bar With Steakhouse Style Restaurant

Sacramento County, CA

6,550 Sq Ft Hard Liquor Licensed Bar With Steakhouse Style Restaurant
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Asking Price: Get Financing: $110,000

Cash Flow: $64,416

Gross Revenue: $864,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

6,550 Sq Ft Hard Liquor Licensed Bar With Steakhouse Style Restaurant

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Business Description

6,550 Sq Ft Hard Liquor Licensed Bar With Steakhouse Style Restaurant Located On Major Thoroughfare

RRC#: 2851
Asking Price: $110,000
Location: Sacramento County, Sacramento County, California
Yearly Revenue: $864,000
Yearly Cash Flow: $64,416
Monthly Rent: 8,000 Approx New Lease

LISTING DESCRIPTION:
Only $110,000 asking price with $64,000 annual profit. A Steakhouse style restaurant with a valuable Type 47 Hard Liquor License included with the purchase. 6,550 sq ft encompassing a large bar and dining room seating around 200 and a good sized kitchen which is well equipped to cope with the ever increasing demand for good steaks along with craft beers and cocktails located in the largest Sacramento suburb. The landlord owns most of the equipment but the tenant can use it all without the capital outlay of the business purchase. Hence the very low price of $110,000. The ABC license alone is worth around $45,000 together with $72,000 in monthly sales. Nicely appointed large Bar and Booth style Steakhouse dining room with ample parking makes this opportunity a good investment for well qualified buyers. The growth potential is immense. There is '0' competition in the area and a professional operator would really make a huge ROI. Complete the ‘Non Disclosure Agreement’ and we will send you the name and address and the financial information. We’ll also send you the Broker's contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1995 | Current Owner: 2012 | Employees: 2 FT & 19 PT | Seating: 200 | Square Footage: 6550 | Parking: 100+ | Licenses Required: ABC Type 47, Business and Health Licenses | Days Open/Hours: 4pm - 11pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $864,000 | Yearly Cash Flow: $64,416 | Payroll: $19760 |

LEASE INFORMATION:
Monthly Rent: 8,000 Approx New Lease | Lease Expiration: New Lease Negotiable | Yearly Adjustment: New Lease Negotiable | Lease Option: New Lease Negotiable | Security Deposit: 8000 |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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