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For Sale Restaurant, Bar In Sacramento, California

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Contact: Tricia Bernhardt at 916-482-7979 - Log In To Message/Email This Contact
Last Revised: 9/13/19. Posting #: 246057
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Key Words: cafe, bars, sacramento, convert
Financial Info: Price: Negotiable. Down: $50,000. Rent: $7,000/month + $1,025/month NNN = $8,025/month. If tenant's use requires an Entertainment Permit, the proposed rent shall be $2.00/sq. ft. + NNN. 3-year initial term with 3% annual increases, 5-year option to extend at FMR. Security Deposit: 3 months.
Profile: We are pleased to offer this opportunity to acquire a fully built-out restaurant within the heart of thriving Downtown Sacramento.

This 4,100 sf +/- restaurant and bar enjoys a prime spot within walking distance to the Downtown Arena and is situated between the busy J Street corridor and 'The Kay' dining district, an area which is home to many of the area's most popular and successful restaurants and bars.

The restaurant formerly operated as 'Blackbird' and for a short time as 'Bar Rouse' before closing permanently in late 2017. While this opportunity represents a very low cost of entry, the buyer must be both experienced and well-qualified financially in order to qualify as a replacement tenant for this sought-after downtown location.

As a conversion, with the expensive and required improvements, fixtures, and permits already in place, the next occupant will save many months of time on plans, permits, construction, and inspections, along with the substantial initial investment ($2.00+ PSF) required to build-out a restaurant of this quality and size. With a strong business plan, there is flexibility for the next concept. This location has a great mix of both commercial and residential population to draw from. In addition to lunch and dinner business, there is a night life element in the area to tap into. The restaurant is within walking distance of entertainment venues including Cesar Chavez Park where the Downtown Association hosts a popular Summer Concert Series (1 block), the Sacramento Convention Center (3 blocks), and the new Golden 1 Center Downtown Arena (2 1/2 blocks). In addition to street parking, Garages and Light Rail are nearby.

Facility: 4,100 sq. ft. +/- occupying two levels (approximately 2,800 sq. ft. downstairs + 1,300 sq. ft. loft/upstairs) and basement. Occupancy X Interior. No dedicated parking.
Rent: Offered Rent at $1.71/sq. ft. + approximately $.25/sq. ft. NNN = Rent: $7,000/month base + $1,025/month NNN = Total Rent $8,025/month. If tenant's use requires an Entertainment Permit, the proposed rent shall be $2.00/sq. ft. + NNN.

Terms: Offering 3-year initial Term with 3% annual increases and 5-year Option to extend at FMR. All permanently attached fixtures remain property of the Landlord, including the Hood System, Walk-Ins, Sinks, Bar and Bar Fixtures. Use of the Furniture and Equipment within the premises is included with the Lease or it is offered for sale @ $50,000 (excluding the permanently attached fixtures). See FF&E List for full details. Security Deposit is 3 Months' Rent (deposit amount subject to change based on Tenant's qualifications). No Tenant Improvement Contribution is offered.

Interested? Please contact us for more information and to arrange site tour!

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Russell Logan at 703-786-8783, 703-786-8783 (Cell)   Log In To Message/Email This Contributor
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
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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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
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
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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
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
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: During the sale of your business, you are going to encounter many types of business buyers. BizBenNetwork Manager Jordan Green identifies 6 classifications of business buyers for business owners to look out for and explains their interests and motivations for buying a business.
Key Words: buyer, buyers, business buyer, business buyers, buy a business, entrepreneur, acquisition, acquire a business, jordan green
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Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
Profile: Business Valuation Expert and CPA John Byrne explains how business owners need to have accurate and timely financial statements in order to manage, grow, and ultimately sell their business. The emphasis should be on generating the financial statements to serve all users of the financial data.
Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining whether to include the value of a business's inventory in the selling price or add the inventory's value in addition to a business's selling price is an issue that occasionally comes up when negotiating the purchase agreement during a small business transaction.
Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
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Contributor: Jordan Green: BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 2   Topics: buying a business, due diligence
Profile: When buying a restaurant, business buyers must consider a number of critical aspects of the business to determine if the restaurant is a good fit, set up for future success, or requires a concept change instead. BizBenNetwork Senior Facilitator Manager Jordan Green starts this discussion.
Key Words: restaurant, restaurants, jordan green, buyers, buying a business, convert, can convert, asset, asset sale, due diligence
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Contributor: Joe Ranieri, Business Broker at - Log In To Message/Email This Contributor
Comments & Replies: 1   Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
Key Words: restaurant, restaurants, due diligence, joe ranieri, cafe, deli, bar, bars, fast food, coffee, sandwich, poke, mexican, asian, cafes, delis
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Contributor: Peter Siegel, BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 11   Topics: business brokers, buyer representation, buying a business, financing, non SBA loans, SBA loans
Profile: I was asked this question by a buyer: “I’ve been looking for a small business to buy for over a year. Many business brokers are telling me that if you don’t find a business (or at least make an offer on a business) within a year, you’re probably not really serious about buying a business.
Key Words: buying a business, purchase business, business buyers, buyer, buy a business
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