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For Sale: Restaurant, Bar - Event Space - Downtown Sacramento


Current Status: In Contract     Posting #: 246670     Last Refreshed: 2/11/20    
Contact: Tricia Bernhardt At 916-482-7979  -  Also Email This Contact Below
Price:  $120,000     Down:  Call     Adjusted Net:  Call     Revenue:  Call    
Business Address:  None Given     City:  Sacramento     Zip:  95814    
Attributes:  Lifestyle, Training & Support     Cooperation With Brokers?  Yes
Downtown Sacramento Restaurant, Bar - Event Space Business For Sale

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  Description About This Posting: Restaurant, Bar - Event Space
In contract with buyer.
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.

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