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: 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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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
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
Profile: The decision to sell your business is not always easy for business owners and is one that requires careful consideration. BizBenNetwork Senior Facilitator Manager Jordan Green breaks down the difficult decisions that business owners face to go out on top and avoid missing out on their final payday.
Key Words: jordan green, selling a business, sell a business
Profile: New York Business Broker Blair Sibley discusses the idea that business owner sellers should not guess when valuing and pricing their small to mid-sized business for sale and should be able to justify and support their asking price when marketing and selling their business for sale.
Key Words: sell a business, sell your business, sell my business, selling a business, valuation, business valuation, business value, value, selling price, asking price, pricing your business, valuing a business, valuing your business, cash flow, sde, discretionary income, sme, buying a business, adjusted net income, income, earnings, sba loans, sba loan, loans, financing, business purchase financing, blair sibley
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Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
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