Last Revised: 9/13/19. Posting #: 242562
Key Words: cafe, bbq, catering, sacramento, convert
Financial Info: New Price: $675,000. Down: $150,000. Adjusted Net: $124,000. Annual Revenues: $820,000. Qualified buyer may be able to do SBA Loan on business, .3 acre corner lot property. The allocation of the $675,000 asking price is $189,000 for the profitable business and $486,000 for the real property.
Profile: New Price: Now $675,000!
Award wining BBQ restaurant with real estate.
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 1,176 sq. ft. 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 approximately $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. $150K Cash Down Payment.
The allocation of the $675,000 asking price is $189,000 for the profitable business and $486,000 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 (9,000+) 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.
Interested? Please complete the confidentiality agreement/NDA form to get started.
Once we receive your confidentiality agreement, we will send you information with the 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!
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
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