Last Revised: 9/16/19. Posting #: 251589
Key Words: cafe, bars, sacramento, asset, convert
Financial Info: Price: $199,000. Down: Call. Adjusted Net: Call. The Restaurant has a favorable Lease in place with a term through until Dec 31, 2031 with two 5-year Options to extend. Base Rent is $2.70/sq. ft. with 2% annual increases. CAM/NNN charges are $.56 sq. ft. Based on $4,267/month.
Profile: Attention Experienced Restaurateurs!
Looking for an amazing Bar & Restaurant opportunity in the vibrant Downtown 'Kay' District?
Here's your chance to step into a very desirable high-profile corner location within a few blocks of all major Event Venues, Hotels, Convention Center, Community Center, Crest Theater, the State Capitol and the Golden One Arena as well as some of Sacramento's most popular restaurants and bar venues.
The Restaurant is newly renovated and remodeled and is offered with assets package in place. Recent investment in furniture, equipment, and liquor license alone exceeds $400,000. Sellers will consider reasonable offers.
The Restaurant is fully furnished and comes with a high-volume production kitchen with capacity for catering and private events as well as dining. The ABC Type 47 Full Liquor License remains in place for purchase.
This Restaurant has 7,647 sq. ft. of usable space with the current configuration. Subdividing may be an option. Occupancy for the total space is 209 including the Banquet/Private Room for 40-50 and there are two fenced patios with seating for approx 49. The Bar area fully opens to the Patio on the K street side with a wall of floor to ceiling expansive accordion doors, creating great sight lines for diners.
The Restaurant has a favorable Lease in place with a term through until Dec 31, 2031 with two 5-year Options to extend that can be assumed by the new owners. Base Rent is $2.70/sq. ft. with 2% annual increases. CAM/NNN charges are $.56 sq. ft. Based on $4,267/month.
This turn-key location is ready for your fresh vision and offers a cost-effective entry into Downtown Sacramento's growing dining and entertainment district.
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: 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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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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: William Bruce, National Business Broker/Intermediary and Valuation Expert from Alabama, explains three important issues that arise when buying or selling a small business of any kind. These issues for business buyers and business owner/sellers include confidentiality, valuation, and financing.
Key Words: buying a business, buy a business, selling a business, sell a business, confidentiality, valuing a business, business valuation, financing, sba loans, loans, business purchase financing, 401k, william bruce
Profile: It is every buyer’s dream to purchase an absentee owner business that allows them to collect a sizable paycheck without requiring any work. Is this a realistic expectation for business buyers? Is there such thing as 100% absentee business ownership? Jordan Green explores this popular topic.
Key Words: absentee, absentee owner, absentee ownership, semi-absentee, business owner, jordan green
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
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Profile: Performing due diligence when buying a business is critical to ensuring that you are making the best purchase for you and your family. As your professional team dives deep into a business during due diligence, be sure to ask the seller these questions about owning and operating the business.
Key Words: buyers, business buyers, buying a business, due diligence, jordan green
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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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