Downtown Restaurant & Bar Conversion

Sacramento, CA (Sacramento County)

K Street Patio and view into Bar Area
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Asking Price: $399,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $20,646.90 /Month

Established: 2018

Downtown Restaurant & Bar Conversion

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Business Description

Attention Experienced Restaurateurs!
Looking for an amazing Bar & Restaurant opportunity in the vibrant Downtown “Kay” District?
Here’s your chance to step into a very desirable high-profile corner location within a few blocks of all major Event Venues, Hotels, Convention Center, Community Center, Crest Theater, the State Capitol and the Golden One Arena as well as some of Sacramento’s most popular restaurants and bar venues.
The Restaurant is newly renovated and remodeled and is offered with assets package in place for $399,000 which is a fraction of the recent investment in this high-quality facility. The Restaurant is fully furnished and comes with a high-volume production kitchen with capacity for catering and private events as well as dining. The assets include an optional ABC Type 47 Full Liquor License at additional $40,000.
This Restaurant has 7647sf of usable space with the current configuration, but it can be divided into two spaces to create a restaurant of approx 3000sf to 4000sf if a smaller space is desired. Occupancy for the total space is 209 including the Banquet/Private Room for 40-50 and there are two fenced patios with seating for approx 35. The Bar area fully opens to the Patio on the K street side with a wall of floor to ceiling expansive folding doors creating some great sight lines.
The Restaurant has a favorable Lease in place with a term through until Dec 31, 2031 with two 5-year Options to extend that can be assumed by the new owners. Base Rent is $2.70sf with 2% annual increases. CAM/NNN charges are $.56sf based on $4,267/month.
This turn-key location is ready for your fresh vision and offers a cost-effective entry into Sacramento’s growing dining scene.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Real Estate:
Leased
Building SF:
7,647
Lease Expiration:
12/31/2031
Facilities:
This Restaurant has 7647sf of usable space with the current configuration, but it can be divided into two spaces to create a restaurant of approx 3000sf to 4000sf if a smaller space is desired. Occupancy for the total space is 209 including the Banquet/Private Room for 40-50 and there are two fenced patios with seating for approx 35. The Bar area fully opens to the Patio on the K street side with a wall of floor to ceiling expansive folding doors creating some great sight lines.
Competition:
Prime Downtown location within a few blocks of all major Event Venues, Hotels, Convention Center, Community Center, Crest Theater, the State Capitol and the Golden One Arena as well as some of Sacramento’s most popular restaurants and bar venues.
Growth & Expansion:
This turn-key location is ready for your fresh vision and offers a cost-effective entry into Sacramento’s growing dining scene.
Reason for Selling:
Assets Offered for a Conversion
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Tricia Bernhardt

Business Listed By:
Tricia

Restaurant eXchange

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

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