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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Sba Loan Recommended - Great Location

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1200000
Net Profit / Cash Flow  $216000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1999
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased

Price Reduced - Sba Loan Approved - Great Location! Great Reputation! Full Abc Type 47 License Bar & RRC#: RECENTLY SOLD-1961 Asking Price: $525,000 Location: Midtown Sacramento Prime, Sacramento, California Yearly Revenue: $1,200,000 Yearly Cash Flow: $216,000 Monthly Rent: $5,100 LISTING DESCRIPTION: Highly Confidential Listing and only well qualified buyers will be informed of the name and address of this fabulous Sacramento Midtown bar and restaurant. An SBA loan maybe possible for this business and Buyers may only require 30% down, approximately $175k and the Bank may loan the remainder over a 10 year period, but only to extremely well qualified buyers with excellent credit. In business for 15 years, with a great location and local reputation, this bar and restaurant is poised to take advantage of the economic upturn. Fully Loaded Kitchen, Bar and Dining room to include Walk in cold room, stoves, fryers, security camera system & patio heaters. Full List available upon request. GENERAL INFORMATION: Organization: LLC | Year Established: 1999 | Current Owner: 1999 | Employees: 6 Full Time, 17 Part time | Seating: 100 + 50 Patio | Square Footage: 2000 + Patio | Parking: Street | Licenses Required: Business, Health, Type 47 liquor license | Days Open/Hours: 11.30am - 1.30am Daily | Reason For Sale: Consolidating | FINANCIAL INFORMATION: Yearly Revenues: $1,200,000 | Yearly Cash Flow: $216,000 | Payroll: $24,000 | LEASE INFORMATION: Monthly Rent: $5,100 | Lease Expiration: 12/31/2018 | Yearly Adjustment: 2.9% | Lease Option: 5 years | Security Deposit: $5,100 | FINANCING INFORMATION:

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