Last Revised: 9/16/19. Posting #: 250845
Key Words: cafe, bars, sacramento, absentee
Financial Info: Price: $575,000. Down: $450,000. Adjusted Net: $215,000. Annual Revenues: $1,300,000. There is an excellent lease in place through 2021 with one 5-year option, with total rent of approximately $11,000/month.
Profile: Attention experienced restaurateurs and craft beer enthusiasts!
Looking for an amazing opportunity in the vibrant Midtown Dining District?
Here's your chance to step into a profitable and unique restaurant with a Craft Beer focus in the mix with Sacramento's most popular bars and restaurants!
The owners represent that this restaurant does net sales of $1.3+ Million annually with cash flow of about $215K.
The Restaurant & Bar is a popular destination for drinks with friends and the menu offers quality dining with an emphasis on farm to fork and fresh seasonal ingredients. The menu features great quality but compared to many restaurants, it is relatively simple in terms of complexity and preparation. The restaurant is both a neighborhood place and a destination type dining establishment which is well known in the Sacramento dining scene. The sale includes an ABC Type 41 Beer & Wine License and there is a nicely appointed bar with a multiple tap draft system on site
The Restaurant occupies about 6,500 sf in total has seating for about 140 +/- inside and on the patio, and can accommodate private parties for about 50 guests.
There is an excellent lease in place through 2021 with one 5-year option, with total rent of approximately $11,000/month. The owners have laid a great foundation and take pride in having developed this popular Midtown destination spot, but they are reorganizing to allow time for family obligations and a new business venture. The business is fully staffed with a seasoned management team so this can be run semi-absentee by the next owner, although a hands-on owner might enjoy the public contact and recognition for owning such a popular place. This place could also be considered for a cost-effective conversion for a microbrewery looking to expand its brand awareness and revenue by launching a taproom in this great Midtown location.
This is a very confidential listing so you must complete a Confidentiality Agreement/NDA and tell us about your previous ownership and/or management experience in order to learn the identity name and to request further 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: 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
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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Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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