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Profitable Restaurant with Catering & Real Property
Sacramento, California

Asking Price

$785,000
Real Estate Included

Office Listing #

00351051
Revenue $820,000 / year Lease Rent Contact For Info
Cash Flow $124,000 / year Square Feet 1176
Direct Link www.restaurants-for-sale.com/28311

    

Here’s an opportunity to own a Profitable Restaurant with Real Property in a busy area for a great price! This Restaurant is offered for sale with the .3 Acre square corner lot property so this is a great opportunity to invest in your own building and control your occupancy costs!

The property includes a 1176sf freestanding building and a large parking lot which faces a major road with 31,286 ADT. The exclusive parking includes 14 spaces including ADA and there is street parking on two sides so spaces are plentiful. The sale includes the profitable restaurant business which is known for its award winning authentic menu. The restaurant is long established with an excellent reputation and it has developed a loyal following of patrons who count it among their favorite dining spots in the area. The sale includes the secret recipes including one for a popular retail product. Catering is a strong income stream in addition to the restaurant dine in sales. Sales are in the $820k range and the Net is approx $124k. Full Financial Information is available with a Signed Confidentiality Agreement.

The profitable business has a good track record with strong sales, so we expect the combination of property and business could qualify for an SBA loan for an experienced buyer with good credit and with an approx. $175k Cash Down Payment. The allocation of the $785,000 asking price is $225,000 for the business and $560,000 for the real property. Total occupancy is 65 including Dining Room and enclosed Patio. The ABC Type 41 Beer & Wine License is included. The space has a full kitchen with a Hood & Ansul, Walk-In refrigerator, and includes all the equipment that you need.

The reason for sale is the long-time owners are ready to retire. The next owner could take full advantage of their long and successful legacy and all the goodwill they will leave behind, or this could be considered for a cost- effective conversion with a new concept because of the prominent location. The business has a very large mailing list (9000+) but doesn’t have much social media presence or marketing going. This is an area we expect the next owner would want to develop to take full advantage of this valuable list of loyal customers.

This is a confidential listing, so you must complete a Confidentiality Agreement/NDA for us in order to request the street address and further details.

We look forward to talking with you about this exciting opportunity!

  

General Information

Organization Sole Proprietorship
Year Established Contact For Info
Current Owners Contact For Info
Employees 6 staff
Operating Hours 7 Days Lunch & Dinner
Reason For Sale Retiring
   

Facilities

Seating abt 65
Square Feet 1176
Parking Lot & Street
Licenses ABC Type 41 Beer & Wine
   

Financials

Revenue $820,000 / year
Cash Flow $124,000 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease Contact For Info  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Carla Bohon
Tricia Bernhardt
Restaurant Exchange
phone: 916-482-7979
fax: 916-482-7799

www.restx.com

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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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