IN CONTRACT Wine Bar & Retail shop in Downtown Sacramento

Sacramento, CA (Sacramento County)

IN CONTRACT Wine Bar & Retail shop in Downtown Sacramento
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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $30,000*

Rent: $5,851 /Month

Established: N/A

*not included in asking price.

IN CONTRACT Wine Bar & Retail shop in Downtown Sacramento

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Business Description

In Purchase Contract with Buyer
Popular Wine Bar & Retail Shop a great Downtown location within walking distance to all the major Hotels, Event Venues and the State Capitol.
This established business could continue with the current wine bar concept or this could be considered for a cost-effective conversion to a new concept that would benefit from a highly visible location in one of Downtown’s best blocks!
The space is approx 2,350sf with a beautifully appointed bar and lounge space and retail area. The bar includes a licensed fenced patio area that allows customers to catch the delta breeze in the evening and enjoy people watching in this busy pedestrian filled area. The bar space has capacity for about 120 guests including a private room for approx 16. There is a prep kitchen which is used for making a small plates menu designed to complement the wine menu.
Base Rent is at $2.10sf which is below market rate for this area of Downtown. The Total Rent is approx $5,851 and there is a great Lease in place until July 2020 with two 5-year options to extend.
The sale includes an ABC Type 41 Beer & Wine (On and Off Sale) License which allows for on-site consumption and for retail bottle sales.
The owner has enjoyed building a profitable business and serving customers in this popular downtown location, but recent health issues signal that now is the time to prepare for retirement. The next owner will benefit from the excellent reputation and from the impressive contacts that come with the business.
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
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,350
Lease Expiration:
7/31/2020
Employees:
Mgr + Cook +6 PT
Facilities:
The space is approx 2,350sf with a beautifully appointed bar and lounge space and retail area. Licensed fenced Patio, Prep Kitchen and 2 ADA restrooms. Base Rent is at $2.10sf which is below market rate for this area of Downtown. The Total Rent is approx $5,851 and there is a great Lease in place until July 2020 with two 5-year options to extend.
Competition:
The sale includes an ABC Type 41 Beer & Wine (On and Off Sale) License which allows for on-site consumption and for retail bottle sales.
Support & Training:
Seller is offering 2 weeks @ 40hrs/wk training and transition time
Reason for Selling:
Retiring for Health Reason
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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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