Attention experienced restaurateurs and craft beer enthusiasts! Looking for an amazing opportunity in the vibrant Midtown Dining District? Here's your chance to step into a profitable and unique restaurant with a Craft Beer focus in the mix with Sacramento's most popular bars and restaurants! The owners represent that this restaurant does net sales of $1.3+ Million annually with cash flow of about $215K. The Restaurant & Bar is a popular destination for drinks with friends and the menu offers quality dining with an emphasis on farm to fork and fresh seasonal ingredients. The menu features great quality but compared to many restaurants, it is relatively simple in terms of complexity and preparation. The restaurant is both a neighborhood place and a destination type dining establishment which is well known in the Sacramento dining scene. The sale includes an ABC Type 41 Beer & Wine License and there is a nicely appointed bar with a multiple tap draft system on site.
The Restaurant occupies about 6,500 sq. ft. in total has seating for about 140 +/- inside and on the patio, and can accommodate private parties for about 50 guests. There is an excellent lease in place through 2021 with one 5-year option, with total rent of approximately $11,000/month. The owners have laid a great foundation and take pride in having developed this popular Midtown destination spot, but they are reorganizing to allow time for family obligations and a new business venture. The business is fully staffed with a seasoned management team so this can be run semi-absentee by the next owner, although a hands-on owner might enjoy the public contact and recognition for owning such a popular place. This place could also be considered for a cost-effective conversion for a microbrewery looking to expand its brand awareness and revenue by launching a taproom in this great Midtown location.
This is a very confidential listing so you must complete a Confidentiality Agreement/NDA and tell us about your previous ownership and/or management experience in order to learn the identity name and to request further 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!