Downtown Restaurant w Event Space and Patios

Sacramento, CA (Sacramento County)

Downtown Restaurant w Event Space and Patios
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Asking Price: $155,000

Cash Flow: $53,455

Gross Revenue: $419,096

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,542 /Month

Established: N/A

Downtown Restaurant w Event Space and Patios

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Business Description

New Price now $155k!
We are pleased to offer this beautiful Downtown/Midtown Restaurant & Bar with event space and patios.
This established restaurant is being offered as a turn-key opportunity if someone wants to continue on with the goodwill and momentum from the current concept or this could be considered for a cost effective conversion to a new concept that would benefit from a high foot traffic location in the heart of the city’s dining district.
The restaurant space is approx 2,350sf with a full kitchen with a 12ft hood/ansul, a bar/dining/lounge space and two beautiful shaded patio areas. The restaurant has seating for about 120 including a private dining room. The two Patios seat approx 60. There is a second approx 2,670sf space that is used for events, parties and receptions with a capacity for 110 guests seated or 180 standing. Total space is about 5,020sf with Base Rent at $2.10sf which is below market for this area of Midtown. The Total Rent is approx $12,831 and there is a Lease until July 2020 + two 5-year options.
The spaces are decorated with a pleasing serene style that provides a nice backdrop for diners out enjoying themselves at Happy Hour, as well as variety of casual to elegant events. The sale includes the furnishings and assets in place including a beautiful fixed Bar, Walk-In, 3 ADA Restrooms, a 12ft Hood Systems, Convection Ovens, 6 burner range, 3 port Espresso Machine, and all the equipment you need. Some music & lighting equipment used for events is also included. The sale includes an ABC Type 41 Beer & Wine License.
The owner has enjoyed establishing connections in the community and serving customers in this popular Midtown business but is ready to prepare for retirement.

Interested? Please complete the 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.

Tours are by appointment only, so please Do Not Disturb the business or staff.

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

Detailed Information

Location:
Sacramento, CA
Real Estate:
Leased
Building SF:
5,020
Lease Expiration:
7/31/2020
Facilities:
The restaurant space is approx 2,350sf with a full kitchen with a 12ft hood/ansul, a bar/dining/lounge space and two beautiful shaded patio areas. The restaurant has seating for about 120 including a private dining room. The two Patios seat approx 60. There is a second approx 2,670sf space that is used for events, parties and receptions with a capacity for 110 guests seated or 180 standing. Total space is about 5,020sf with Base Rent at $2.10sf which is below market for this area of Midtown. The Total Rent is approx $12,831 and there is a Lease until July 2020 + two 5-year options.
Competition:
Excellent High Foot Traffic Downtown Location with parking close by.
Growth & Expansion:
Could continue with the current concept or convert to something new.
Support & Training:
Seller is offering 2 weeks @ 40hr/wk training and transition time.
Reason for Selling:
Preparing to retire
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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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