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Profitable Midtown Bar
Sacramento, California

Asking Price

$275,000

Office Listing #

7535075
Revenue $838,000 / year Lease Rent $4,917 / month
Cash Flow $133,000 / year Square Feet 2000
Direct Link www.restaurants-for-sale.com/28645

    

Hereís a great opportunity to step into a profitable Midtown Bar & Grill! This friendly Bar attracts a diverse crowd of both locals and visitors to the area. Itís the kind of place where everyone is made to feel welcome in a true neighborhood bar fashion.

This business has an appealing casual vibe and great food and drink menus that encourage a lot of repeat customers from the neighborhood and surround areas. The interior has plenty of seating and there are multiple drink stations at the bar, so it is set up to maximize the space and for fast service. The bar has a fully equipped kitchen with hood and Ansul and produces an elevated bar food menu that complements the creative cocktail menu. The chef on staff offers on trend Farm to Fork focused food which is at a level of quality that Midtown customers have come to expect.

The Bar is located on a busy street in Midtown with lots of daily traffic from people crossing town, but the location also has better than average parking options for the area, so it encourages people in cars to stop in for Happy Hour. A lot of the regulars walk or bike to the bar which is typical for Midtown residents.

The space is approx 2,000sf and with seating for about 50. Total rent is only $4,917 per month! There is a favorable lease in place through Nov 2018 with one 5-year option and a first right of refusal to purchase the property. The Bar has a history of doing high volume with 2017 Sales $838k and Net $133k.

The current owners love this Bar but are preparing for retirement. The next owner could continue the excellent momentum with the current concept, or this could be considered for a ready to go cost effect conversion for a new concept in the Midtown Market.

Interested? Please request a Confidentiality Agreement/NDA form to get started.

Once we receive your Confidentiality Agreement, we will send you information with the street address and other details.

This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.

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

  
Nice interior similar to this

General Information

Organization LLC
Year Established Contact For Info
Current Owners Contact For Info
Employees about 13 Staff
Operating Hours 7 Days 11am to 2am
Reason For Sale Retiring
   

Facilities

Seating approx 65
Square Feet 2000
Parking Street
Licenses ABC Type 47 Full Liquor
   

Financials

Revenue $838,000 / year
Cash Flow $133,000 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $4,917 / month  
Expiration Nov 2018  
Yearly Adjustment 3.5% increases  
Option one 5-year option  
Deposit 4,500  
     

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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