Spacious Asian Restaurant With Hard Liquor License & Patio

Sacramento, CA (Sacramento County)

Spacious Asian Restaurant With Hard Liquor License & Patio

Asking Price:$198,000

Cash Flow:$108,000

Gross Revenue:$1,080,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Spacious Asian Restaurant With Hard Liquor License & Patio

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Business Description

Spacious Asian Restaurant With Hard Liquor License & Patio Located In Sacramento Midtown

RRC#: 2900
Asking Price: $198,000
Location: Sacramento, Sacramento County, California
Yearly Revenue: $1,080,000
Yearly Cash Flow: $108,000
Monthly Rent: $8,095

LISTING DESCRIPTION:
This long established bar and restaurant with it''s ABC type 47 hard liquor license represents a huge opportunity for an buyer looking for an attractive restaurant and bar in a booming Midtown location, see photo''s. This business has been in the current ownership since 2001 and boasts $1.2 million in annual sales with a healthy owners discretionary income. The owners are quasi-absentee leaving much of the day to day operations to the management. There is a valuable ABC type 47 hard liquor license included with the sale. The kitchen is fully loaded with a 12 ft Type 1 hood and fire suppression system, 2 deep fryers, turbo broiler, range with oven, hot and cold table, large walk-in cooler with freezer, sandwich/dessert table, 600lb Ice maker, ample prep tables and refrigerated worktops. The dining room has seating for 100 in a combination of booths and table seating, with a further 15 seats at the Sushi bar plus 12 seats at the Alcohol bar plus patio seating for a further 25+. Included with the sale is a Micros POS order/control system and all equipment currently in use to operate this successful business. A highly competitive rent of $2.70 per sq ft. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the financial information, lease & the full list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2001 | Current Owner: 2001 | Employees: 5 FT and 20 PT | Seating: 100 + Patio 25 | Square Footage: 3000 | Parking: Street | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: 11am - 11pm Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,080,000 | Yearly Cash Flow: $108,000 |

LEASE INFORMATION:
Monthly Rent: $8,095 | Lease Expiration: 2021 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 8095 |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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