Description Price Reduced! $95k With Seller Carry -large Bar And Restaurant In Historic Sacramento Old Town.
RRC#: 1887
Asking Price: $95,000
Location: Downtown Sacramento, Sacramento, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $6,200
LISTING DESCRIPTION:
Only $95,000 buys you this 9,800 sq ft Bar and Restaurant with low rent of just $6,200 per month (that''s $0.63 per sq ft) and represents one of the best leases in the area and therefore huge future profits for the right operator. 7,000 sq ft of customer space 1,800 sq ft basement Kitchen, storage and 1,000 sq ft basement Private Party room. The seller is highly motivated and will carry a portion of the asking price as a loan to well qualified buyers. The Kitchen includes a 20 ft type 1 hood, 2 double fryers, large flat top, 8 burner broiler, 2-6 burner stove tops with ovens, multiple walk in''s, stand up fridges and walk in freezer. Multiple refrigerated work tops and s/s work tops plus a bonus, an on view, dining room grill kitchen with a 6ft type 1 hood and fryers, grills etc all included. The Dining room has a combination of tables, chairs and large booths. The long bar seats 18 and has an ABC type 47 hard liquor license. There is even a stage in place with ample room for dancing. There is also currently an entertainment license in place which a new operator should be able to keep. This is a High volume traffic area and extremely close to the new Arena area scheduled to be completed in 2016. Call broker for details.
GENERAL INFORMATION:
Organization: Corporation | Year Established: 1950''s | Current Owner: 2011 | Seating: 250 | Square Footage: 9,800 | Parking: Street and Parking Lot | Licenses Required: Health, Business and Type 47 | Days Open/Hours: 11am - 1.30pm Daily | Reason For Sale: consolidating |
FINANCIAL INFORMATION: