Downtown Bar & Restaurant with Event Space

Sacramento, CA (Sacramento County)

Dining room with great lighting!
Contact Seller

Asking Price: N/A

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,850 /Month

Established: N/A

Downtown Bar & Restaurant with Event Space

Save Print Share Valuation Report

Business Description

Restaurant and Bar for Lease in a desirable Downtown Sacramento location.
This 10,000 sf +/- restaurant and bar enjoys a prime spot adjacent to the Best Western Sutter Hotel. This area is in the transition zone between the Downtown business and entertainment district and the Mansion Flats residential neighborhood, so it has a great mix of both commercial and residential population to draw from.
The restaurant is within walking distance of entertainment venues including Cesar Chavez Park (with its popular Summer Concert Series and other events (2 blocks), the Sacramento Convention Center (3 blocks), and the Sacramento Theater Company Wells Fargo Pavilion (2 Blocks).

This spacious Restaurant includes a fully equipped High-Volume Kitchen, Dining Areas with brick accent walls, & Full Bar. Use of the Furniture and Equipment in place is included with the Lease.
The Restaurant also includes a banquet space on the 2nd level which is perfect for receptions, social events, business meetings, and entertainment. There is an onsite elevator for access.
Customers have parking options in the shared Hotel parking lot, street parking, garages and Light Rail nearby.

Besides the daily lunch and dinner business, there is a night life element in the area to tap into. The location was a popular music venue for many years and most recently operated as a bar & grill and event venue.
Best Western Hotel guests are a source of business for both individual dining, limited room service, and events. Hotel Management is looking forward to working with the restaurant owner for mutual benefit and cross-marketing. Minimum operating hours are Monday - Friday 11 am - 9 pm.
While this opportunity represents a low cost of entry, the occupant should be well capitalized and experienced with full-service restaurant management, and ideally should have bar and event management experience as well.
This For Lease Space represents an opportunity to save the substantial initial investment ($200+/- PSF) required to create a restaurant of this type. The next operator may choose to do some minor modification to establish a new concept, but the expensive improvements and fixtures are already in place. A Type 47 ABC license may be available to purchase, or the timing may be perfect for the ABC lottery coming up.

Proposed Lease Terms: 10 year term + Two 5-yr Options (negotiable).
Rent: $3000 base + NNN = Total Rent $4,850 + Percentage Rent on sales over $75k/mo.
Security Deposit: $15,000

Interested? Please contact the Broker to request additional details.
Tours are available by appointment only with the Broker. Please Do Not Disturb the Hotel staff.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Location:
Sacramento, CA
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
7/1/2029
Facilities:
10,000sf Restaurant & Bar for Lease in desirable Downtown Sacramento. Fully equipped High-Volume Kitchen, Dining Areas & Full Bar. Upstairs Banquet/Event Space with elevator. Total Rent $4,850 + Percentage Rent. Security Deposit $15k.
Competition:
Great Downtown Location near entertainment venues, Govt and Private Offices, and desirable neighborhood residential. Adjacent Hotel provides built in clientele too!
Growth & Expansion:
Sacramento County Type 47 Full Liquor License may be available for Purchase.
Support & Training:
Landlord requires previous Restaurant and Bar Management Experience. Not suitable for a 1st time buyer.
Reason for Selling:
End of Lease
Contact Seller

Business Location


Contact the Seller

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).

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1660498 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 of Use before responding to any ad.


Similar Listings


810 Billiards & Bowling

Franchise Opportunity
Cash Required: 450000