$300,000.00
Asking Price
Status: Active
Posting ID: 286437
5/6/24
Description
4,000 sq ft Bar and Restaurant in Folsom with Hard Liquor, Patio, Corner Location on Main Thoroughfare
For sale is a busy walk-up traffic location, offering succulent BBQ’s, Burgers and Salads, pouring craft beers and specialty cocktails. This high-profile corner location bar/restaurant has to be seen to be fully appreciated. An ABC Type 47 Hard Liquor license is included so customers may enjoy the patio, sipping a cocktail & people watching at this busy location. With 4.5 Yelp stars and great reviews, enjoy ownership and prosperity with the busy summer months ahead of this premier location in Folsom. Monthly rent of $11,500 including water/sewer and at under 8% of revenues makes this a truly viable proposition. Current monthly revenues of $125,000 ($1.5 million annualized) evenings only until the weekends, which leaves plenty of opportunity to grow this business into a highly profitable 7 days a week operation. So much untapped potential.
Fully equipped kitchen for its current Burger, BBQ concept. 12 Bar seats plus 100 diners and 50 more on the patio. Parking all around the area.
To receive more information and discuss this opportunity with the broker please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $125,000
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,500,000
Annual Cash Flow: Contact for Info
General Info:
Ownership: Corporation
Established: 2006
Employees: 30
Reason For Sale: Other Interests
Monthly Rent: $11,297 Including NNN
Expiration: 05/31/2027 plus Two x 5 year Lease Options
Facilities:
Square Feet: 4,100 + 500 Patio
Seating: 100 + 50 patio
Parking: Parking Structure and Street
Licenses: ABC Type 47, Health and Business Licenses
Days/Hours of Operation: Mon - Wed 4:00 PM - 9:00 PM Thu - Sun 11:00 AM - 9:00 PM
RRC# 4774
Location: Sacramento Metro Area
To get more information about this Restaurant - With Type 47 License, Busy Location business for sale in Sacramento County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286437 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant - With Type 47 License, Busy Location, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $300,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,500,000.00
Area: Sacramento County
City: None Given
Attributes:
My Notes About This Listing
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Down
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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