Only $100k Down. 75% Pre-qualified Sba Loan! Highly Profitable Sports Bar & Restaurant. Price Reduced
Asking Price: $395,000
Location: Mid Town Sacramento, Sacramento, California
Yearly Revenue: $900,000
Yearly Cash Flow: $210,000
Monthly Rent: $7,000 + CAMS
The asking price has just been reduced to $395,000 for this great opportunity that has been pre-qualified for a 75% SBA loan financing and is Truly a Turn Key, well appointed busy Bar and Restaurant situated in the most popular area of Mid-town Sacramento. A well qualified buyer with excellent credit will only require $100k down and this opportunity is yours! Recent major renovations include new kitchen equipment, bar, lighting and a major rebuilt 400 sq ft outdoor Patio. The business operates seven days week from 4pm only so there is huge growth potential by opening at lunchtime. The location is in the center of a busy day & night time popular area and would benefit from an on-site owner as presently the owners are absentee. This opportunity is a rare find in such a great condition, with a state of the art kitchen, huge storage, separate office, bar area and seating for 100 with a separate outdoor patio seating another 40. The present owners have built the annual sales to $890k in the past 3 years and are now looking to move on. This fully equipped bar and restaurant operation is capable of exceeding sales in $1 million+ and the growth potential in this busy Mid-town area is it''s major asset. What is included? The modern kitchen has a 12ft type 1 hood with fire suppressant system, ample s/s prep tables, broiler, grill, large walk in cold room, one 2 door fridge and a 2 door freezer, fryer, stove with 6 burners and all fully equipped small wares. The Bar area has a fully operational security camera system, multiple TV''s, a bar seating 18 and many high tables, all in A1 condition.