$1.00
Asking Price
Status: Active
Posting ID: 284869
1/26/24
Description
Inherit the $1.2mm in long term bank debt, pay a Landlord Security deposit, Escrow closing costs and take over this establishment with $1.4mm in 2023 sales revenues with original build out costs of $2.2mm. The sale includes an ABC Type 47 hard liquor license, fully equipped kitchen, full entertainment permit, complete Audio-Visual system, portable stage, projector, and a 300 capacity. It is a 4,000 sq ft. bar/restaurant with a patio in the Sacramento metro area.
This is a highly confidential listing and only after a conversation with the Broker concerning a Buyer’s experience, financial qualifications & future vision will the name and address of this well-established restaurant & bar business be divulged. No Tire Kickers please! It is a $0 upfront purchase.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $116,660
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,400,000
Annual Cash Flow: Contact For Info
General Info:
Ownership: LLC
Established: 2017
Current Owner: 2017
Employees: 15
Reason For Sale: Other Interests
Monthly Rent: $13,500 inc NNN
Expiration: 2027 plus 5 Year Lease Option
Facilities:
Square Feet: 4,000 + 1,000 Patio
Seating: 100 + 60 Patio - Capacity allowed 300
Parking: Contact For Info
Licenses: ABC Type 47 license, Health & Business
Days/Hours of Operation: 9.00am - 3.00pm Wednesday to Saturday. Closed Sunday, Monday & Tuesday
RRC# 4676
Location:
To get more information about this Restaurant And Bar - Type 47 License business for sale in Sacramento County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284869 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant And Bar - Type 47 License, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $1.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,400,000.00
Area: Sacramento County
City: None Given
Attributes:
My Notes About This Listing
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Cash flow
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Revenue
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Down
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Down
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Down
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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