Sba Loan Approved! - 4,200 Sq Ft Bar/restaurant With Large Patio & Full Type 47 License
Asking Price: $450,000
Location: Sacramento, Sacramento, California
Yearly Revenue: $1,200,000
Yearly Cash Flow: $165,000
Monthly Rent: $8,400
Only 6 years of age, under the same absentee ownership with annualized sales of $1.2 million! An SBA bank loan for up to $337,500 has been approved for this business and buyers will only require 25% down, approximately $113,000k. The Bank will loan the remainder over a 10 year period, but only to extremely well qualified buyers with restaurant management experience and excellent credit. In business and under the same ownership since 2008, this bar and restaurant is situated in an excellent location and has a great local reputation and has recently been upgraded to take advantage of the economic upturn and huge redevelopment in this area. All achieved with an absentee owner.
In addition to the 4,200 sq ft bar, restaurant and separate 3 pool table and dart boards games room seating 120, there is a huge outdoor patio with seating for 80 more. Fully Loaded Kitchen, with walk-in cold-room, 6 burner stove, char-broiler, flat top and 2 deep fryers with ample s/s work surface and under counter reach in refrigeration and dish-wash area. The Bar and Dining room include a walk in cold-room, seating for 120 with some booths and includes 14 seats at the bar and loads of decoration, TV's and even private nook areas and a full security camera system throughout. The Patio with heaters, fire pits and ample room for 80+ is well appointed and easy to service from the main bar. Great Reputation and a Great Location with a Full List of equipment available upon request. No Broker coop.
Organization: LLC | Year Established: 2008 | Current Owner: 2008 | Employees: 5 Full Time - 19 Part time | Seating: 200 | Square Footage: 4200 | Parking: 50+