Downtown Restaurant Bar or Entertainment Conversion

Sacramento, CA (Sacramento County)

Great patio for people watching
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Asking Price: $120,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,607 /Month

Established: N/A

Downtown Restaurant Bar or Entertainment Conversion

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Business Description

NEW ASKING PRICE $120k!
Here’s an opportunity to bring your own concept to a ready to go conversion space in the heart of the downtown dining and entertainment district. This restaurant space is located in what is arguably the best block of Downtown within walking distance to the Arena, the Convention Center, Hotels, the State Capitol and most important- close to parking.
This space has a clean contemporary interior design that lends to a casually elegant ambiance, but there are some industrial elements like matte polished cement floors and high open ceilings that keep this space on current trend. Soft grey tones with wood accents provide a nice neutral background ready for you to bring your pops of color. There is a full kitchen with 12ft Hood/Ansul, range, convection ovens, refrigeration and all the basics you’ll need, so a variety of bar & food, or full restaurant concepts can work here. The space has an open floor plan, so it is also suitable for entertainment uses or possibly as a reception hall or banquet room.

The space is approx 2,670sf + with seating for approx 110 seated or 180 for events. and for about 12 at the existing bar which could be expanded. The space comes with a large enclosed patio with seating for about 35 that has been approved by ABC for alcohol consumption. ABC License is not included in the sale but the location has been licensed before so it shouldn’t be hard to apply for a new one.

There is an excellent below market Lease in place with base rent at only $2.10sf! Base Rent is $5,607 + $1,228 CAM/NNN and it includes water, sewer & garbage costs. Total Rent is approx $6,835 per month! Lease runs through July 2020 + Two 5 year options.

Interested? Please complete a Confidentiality Agreement/NDA form to get started.

Once we receive your Confidentiality Agreement, we will send you information with the street address and other details.
This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Location:
Sacramento, CA
Real Estate:
Leased
Building SF:
2,670
Lease Expiration:
7/31/2020
Facilities:
space is approx 2,670sf + with seating for approx 110 seated or 180 for events. and for about 12 at the existing bar which could be expanded. The space comes with a large enclosed patio with seating for about 35 that has been approved by ABC for alcohol consumption
Competition:
Great location near the Arena, Convention Center, Hotels, and Parking!
Growth & Expansion:
Nice open space ready for almost any concept. Suitable for Bar, Restaurant and/or Entertainment uses or possibly as a reception hall or banquet room.
Support & Training:
Available if needed
Reason for Selling:
Owner is consolidating
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Contact the Seller

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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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