Profitable Midtown Bar

Sacramento, CA (Sacramento County)

Friendly Neighborhood Bar
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Asking Price: $275,000

Cash Flow: $122,368

Gross Revenue: $780,432

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $4,917 /Month

Established: N/A

*not included in asking price.

Profitable Midtown Bar

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Business Description

Friendly Neighborhood Bar

We are pleased to offer this Profitable established Midtown Bar & Grill!
This popular Bar attracts a diverse crowd and it’s the kind of place where everyone is made to feel welcome in a true neighborhood bar fashion.
The appealing casual vibe and great food and drink menus encourage a lot of repeat customers from the neighborhood and surround areas. The bar has a fully equipped kitchen with hood and Ansul and produces an elevated bar food menu that complements the creative cocktail menu. The chef on staff offers on trend Farm to Fork focused food which Midtown customers have come to expect.
The Bar is located on a busy part of Midtown with lots of daily traffic, but the location also has better than average parking options for the area so it encourages people in cars to stop in for Happy Hour. A lot of the regulars walk or bike to the bar which is typical for Midtown residents. Weekend Brunch is also a popular segment for the business.
The space is approx 2,000sf and with seating for about 60. Total rent is only $4,917 per month! There is a favorable lease which includes a first right of refusal to purchase the property. There is also an opportunity to develop a back-patio space to expand the seating options.
The Bar has a history of doing high volume with 2018 Sales $780k and Net $122k. YTD 2019 is up a little over 8% compared to same time last year.
The current owners ae pleased with the business they created but the time has come to prepare for retirement. The next owner could continue the excellent momentum with the current concept, or this could be considered for a ready to go cost effect conversion for a new concept in the Midtown Market.
Interested? Please request a Confidentiality Agreement/NDA form to get started.
Once we receive your Confidentiality Agreement, we will send you the Listing information sheet and 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
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
11/30/2023
Employees:
1FT + 12PT
Facilities:
Bar is approx 2,000sf and with seating for about 60. Total rent is only $4,917 per month! There is a favorable lease which includes a first right of refusal to purchase the property. There is also an opportunity to develop a back-patio space to expand the seating options.
Competition:
Established location in Midtown
Growth & Expansion:
Could develop the back area for patio seating. Sales are up a little over 8% compared to same time last year!
Support & Training:
Sellers are offering 2 weeks @ 40hrs/wk Training and Transition time
Reason for Selling:
Retirement
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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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