IN ESCROW Old Town Sacramento Bar

Sacramento, CA (Sacramento County)

IN ESCROW Old Town Sacramento Bar
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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,000 /Month

Established: N/A

IN ESCROW Old Town Sacramento Bar

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Business Description

IN ESCROW
We are pleased to offer this opportunity to step into a beautiful Restaurant and Bar Lounge in a great Old Town Sacramento Bar District location.
This 6990sf restaurant features three full liquor bars, a nice sized dining room with capacity for about 300, a full kitchen with everything you need to produce a creative menu, and its crown jewel, a large brick patio courtyard which is licensed for liquor and entertainment. The patio is open nearly year-round and offers customers a great place to enjoy drinks with friends or a meal while enjoying some live music and catching the delta breeze coming off of the nearby Sacramento River. The sale includes a Type 47 Full Liquor License.
As an added incentive, the landlord is offering an amazing deal on the lease for this large space! His offer for Experienced and Well Qualified potential replacement tenants is a lease with base rent at $3000 per month ($.42sf) + Sewer, Water and Garbage which runs between $1000-$1500/mo for Total Rent of about $4,500/mo for the first 3 years. Rent for additional years will still start at under $1sf so the fixed costs for the space are low.
The current owners are very pleased with the bar but changes to their family responsibilities means it is time to pass the business on to new owners. The next owner could continue to grow the business under the current concept and brand, or this could be a cost-effective conversion to something new.
Old Sacramento is home to many of Sacramento’s most popular restaurants and bars. According to the Downtown Sacramento Partnership, the restaurant and bar revenue in the surrounding 6 block Old Town Water Front District reaches several Hundred Million Dollars in annual sales and the area received more than 6.5 million visitors in 2018, so there is plenty of business in this area. The Old Town District is also the focus of a major redevelopment and rebranding project for the City and the Downtown Partnership which will be implemented over the next several years.
Interested? Please request 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:
6,990
Lease Expiration:
4/30/2019
Employees:
abt 15 Staff
Facilities:
Space is 6990sf with a full Kitchen and 3 bars. Total Occupancy is about 434. As an added incentive, the landlord is offering an amazing deal on the lease for this large space! His offer for Experienced and Well Qualified potential replacement tenants is a lease with base rent at $3000 per month ($.42sf) + Sewer, Water and Garbage which runs between $1000-$1500/mo for Total Rent of about $4,500/mo for the first 3 years. Rent for additional years will still start at under $1sf so the fixed costs for the space are low.
Competition:
Great location for a Bar Lounge in the Old Town District. Old Town is the focus of a rebranding and redevelopment project that will be implemented over the next few years. Old town district had 6.5 Million visitors in 2018 so there are lots of potential customers.
Growth & Expansion:
Bar could continue with the current concept and brand or this could be considered for a cost-effective conversion to something new.
Support & Training:
Sellers are offering 2 weeks @ 40hrs/wk Training and Transition time
Reason for Selling:
Family changes
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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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