For Sale: Restaurant, Bar - Event Space - Downtown Sacramento
| Description About This Posting: Restaurant, Bar - Event Space |
Here's an opportunity to bring your own concept to a ready to go conversion space in the heart of the downtown dining and entertainment district. This restaurant space is located in what is arguably the best block of Downtown within walking distance to the Arena, the Convention Center, Hotels, the State Capitol and most important- close to parking.
This space has a clean contemporary interior design that lends to a casually elegant ambiance, but there are some industrial elements like matte polished cement floors and high open ceilings that keep this space on current trend. Soft grey tones with wood accents provide a nice neutral background ready for you to bring your pops of color. There is a full kitchen with 12ft Hood/Ansul, range, convection ovens, refrigeration and all the basics you'll need, so a variety of bar & food, or full restaurant concepts can work here. The space has an open floor plan, so it is also suitable for entertainment uses or possibly as a reception hall or banquet room.
The space is approx 2,670 sq. ft. + with seating for approx 110 seated or 180 for events. and for about 12 at the existing bar which could be expanded. The space comes with a large enclosed patio with seating for about 35 that has been approved by ABC for alcohol consumption. ABC License is not included in the sale but the location has been licensed before so it shouldn't be hard to apply for a new one.
There is an excellent below market Lease in place with base rent at only $2.10/ sq. ft.! Base Rent is $5,607 + $1,228 CAM/NNN and it includes water, sewer & garbage costs. Total Rent is approx $6,835 per month! Lease runs through July 2020 + Two 5 year options.
Interested? Please complete a Confidentiality Agreement/NDA form to get started.
Once we receive your Confidentiality Agreement, we will send you information with the street address and other 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!
To get more information about this Restaurant, Bar - Event Space business for sale in Downtown Sacramento please phone Tricia Bernhardt (Broker - BRE License #:01168790) at 916-482-7979 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #246670 on BizBen.com. In addition to phoning Tricia Bernhardt, make sure you email Tricia Bernhardt above to get more info about this Restaurant, Bar - Event Space, to ask any questions or request an appointment to see this business for sale. Thank you.
| Related Links And Information Regarding This Posting |
All Sacramento City Available & Wanted Established Businesses
All Sacramento County Available & Wanted Established Businesses
All Restaurants for Sale & Food Related Available & Wanted Established Businesses
All Event, Party & Wedding Service Available & Wanted Established Businesses
All Bar, Pub, Sports Bar, Lounge, Tavern Available & Wanted Established Businesses
All Full Service, Dine In Restaurant Available & Wanted Established Businesses
All Wedding Chapel, Cake, Wedding Service Available & Wanted Established Businesses
| Helpful Resources To Assist In Selling And Buying California Businesses |
 |
Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs Founder & President Of BizBen.com (since 1994). I am the Lead Facilitator for both the ProSell & ProBuy Programs. I consult daily with business buyers, business owner/sellers, and brokers and agents daily about buying and selling California small to mid-sized businesses. Call 925-785-3118. |
 |
Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100. |
 |
Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063. |
 |
Jim Saxton, Liquor License Broker & Consultant - SF Bay Area 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, and ABC District Offices, my company Liquor Licenses of SF Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process. Call 925-787-0770. |
 |
Shalonda Chappel: Escrow & Bulk Sale Services - Southern California Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972. |
 |
William F. Ziprick, Attorney: Legal Services For Buyers And Sellers Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of successful closings. Office: 909-255-8353, Cell: 509-951-7230. |
| Related Articles, Events, Blog Posts, Discussions, Videos, Interviews |
 |
Buying A Restaurant Can Be Challenging: 3 Key Tips For Restaurant Buyers
People always need to eat; there should be plenty of business. Some restaurant buyers think there is prestige to owning a popular eating establishment. But it isn't an easy business purchase. Peter Siegel, MBA (BizBen Founder, ProBuy & ProSell Program Director at 925-785-3118) reviews this topic. |
 |
Tips From A Restaurant Broker - Check A Restaurant For Karma Before You Buy
Jeff Back (925-736-8200), a SF Bay Area broker specialist who specializes in selling restaurants discusses what he looks for when sizing up a potential restaurant for sale. Do the restaurants you're thinking of purchasing have good Karma? See Jeff's insights into this topic on restaurant karma. |
 |
Why Restaurant Buyers Typically Fail: Best Pro Tips For Buying A Restaurant
Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully! |
 |
Restaurant And Fast Food Franchises - Successful Tips From Franchise Buyers
Restaurant franchise offerings are among the most popular of the business types potential business buyers seek. What many would-be owners don't realize is that there are specific tips for buying fast food or restaurant franchises that don't necessarily apply to independent restaurants for sale. |
 |
Business Purchase Financing Expert Peter Siegel - Tips On Proving Cash Flow
What are the actual "provable" adjusted net earnings (cash flow) of a small to mid-sized business being purchased? Buyers need to look carefully at all financial info for the "real" adjusted net income/cash flow. Peter Siegel, MBA (BizBen ProBuy & ProSell Lead Facilitator) at 925-785-3118 explains. |
 |
BizBen Podcast & Webinar: Business Purchase Financing And SBA Loan Options
Ever wonder what is involved in obtaining business purchase financing to buy a business or franchise? Peter Siegel, MBA who has over 25 years advising on all types of financing for business buyers in this BizBen Podcast & Webinar - SBA loans, Non-SBA Financing, Alternative Financing Sources. |
500 New & Refreshed Detailed Postings Daily
