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For Sale: Indian Restaurant - Famous, With Banquet Room - Sacramento County, California

$650,000.00

Asking Price

Description

For sale is a famous Indian restaurant with a banquet hall in a stand-alone building. The banquet hall with a capacity of 250 people can be opened and booked to exploit the great potential of increasing the sale substantially. It is located in a shopping center. It has a liquor license which can be used to enhance sales. There is plenty of parking in the front and back. The building is 7,840 sq ft. and the lot is 27,920 sq ft. There is seating for 133 at the dine-in restaurant. Rent is $6,000 base rent. The lease valid is until 04/30/2027. There is an option to renew for 5 years. It is open for 6 days from Mon-Sat, 11am - 2:30pm & 5pm - 8:20pm.

Jan-March 2022 NOI was 81,785 with lower payment of rent (8025) due to Covid-19. The current new rent of $6,000/mo is applicable from 5/1/22.

Sales in 2021 - 650,164; Sales in 2020 - 290,113; Sales in 2019 - 717,309.

The above info has been obtained from sources believed to be reliable. the Broker has not verified the accuracy/authenticity. The buyer must do his/her/their/its due diligence to satisfy themselves for the suitability or profitability of the business. The broker does not assume any liability for the future viability or success of the business.

To get more information about this Indian Restaurant - Famous, With Banquet Room business for sale in Sacramento County please phone Din Sharma (Agent - BRE License #:01744678) at 707-365-9385 and 707-365-9385 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #274070 on BizBen.com. In addition to phoning Din Sharma, make sure you email Din Sharma above to get more info about this Indian Restaurant - Famous, With Banquet Room, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01744678. DDS Commercial Real Estate.

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Contact

  1. Name: Din Sharma
  2. phone iconPhone: 707-365-9385
  3. phone iconPhone: 707-365-9385

Details

  1. Asking Price: $650,000.00

  2. Down: Call / Email

  3. Cash Flow: Call / Email

  4. Revenue:    Call / Email

  1. Area: Sacramento County

  2. City: None Given

  1. Attributes:

    Broker Cooperation

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