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

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Current Status: In Contract     Posting #: 246670     Last Refreshed: 8/20/19     BRE License #: 01168790    
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, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
Notes
My Posting Notes


  Helpful Resources To Assist In Selling And Buying California Businesses

Mike Brewer: Liquor License Brokers, ABC Consulting Services - California

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Harry Sidhu, CBB, Broker: SF Bay Area, Central Valley, SAC Region

Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services - California

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.

Joe Sandbank, Esq: Legal Services For Buyers, Sellers, Brokers - Throughout California

I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. Please phone 916-672-8018 for more info.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services - California

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.


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