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For Sale: Restaurant, Bar - Asset Sale, Can Convert - Sacramento


Current Status: Active     Posting #: 256320     Last Refreshed: 7/3/20    
Contact: Tricia Bernhardt At 916-482-7979  -  Also Email This Contact Below
Price:  Call     Down:  Call     Adjusted Net:  Call     Revenue:  Call    
Business Address:  1379 Garden Hwy     City:  Sacramento     Zip:  95833    
Attributes:  Lifestyle, Training & Support, Asset Sale     Cooperation With Brokers?  Yes
Sacramento Restaurant, Bar - Asset Sale, Can Convert Business For Sale Restaurant, Bar - Asset Sale, Can Convert Company For Sale Sacramento Restaurant, Bar - Asset Sale, Can Convert Companies For Sale Buy, Sell A Restaurant, Bar - Asset Sale, Can Convert Business Selling A Sacramento Restaurant, Bar - Asset Sale, Can Convert Restaurant, Bar - Asset Sale, Can Convert Business Opportunity

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  Description About This Posting: Restaurant, Bar - Asset Sale, Can Convert
Attention Experienced Restaurateurs!

This Bar & Restaurant offers a great opportunity to bring your concept to a facility with breezy river views. The location is one of three popular restaurants located within the Riverbank Marina development located on the Sacramento River, just 3 miles from Downtown Sacramento, 1/2 mile from Interstate 5, and 10 minutes' drive from the Airport. The restaurant features dining rooms and bars on two levels, both of which have deck seating with fantastic views of the Sacramento River and the Downtown Sacramento skyline. The upstairs level is popular for private parties and business receptions. The beautiful outdoor patio dining spaces can be used nearly year-round.

The location is close to Downtown Sacramento and is also close to major hotels and the Sacramento International Airport which makes it a popular place to bring out of town guests. With easy access 1/2 mile from Interstate 5, the Riverbank Marina restaurants are the closest and quickest way for locals to enjoy the beautiful Sacramento river setting. The Chevy's location next door has been consistently ranked #1 or #2 in the total chain for 20+ years, and the locally owned Crawdad's has been a Sacramento favorite since 1986. We are looking for the next iconic restaurant to occupy the remaining site, which has been operated as upscale Pearl on the River for the past 10 years. There is a moratorium on any new restaurants being built along the Garden Highway so this is a rare opportunity which may not be repeated for years to come.

The building space is approx 5,506 sq. ft. + 1,000 sq. ft. of deck space + storage.

Occupancy is approx 179 inside + approx 80 dining on decks for total occupancy of 259.
The restaurant space has a fully equipped kitchen on the main floor including walk-ins and all the equipment you need for almost any concept.

While this opportunity represents a low cost of entry, the occupant should be well-capitalized and experienced with full-service restaurant management, and ideally should have bar and event management experience as well.

This Lease opportunity with existing improvements in place represents your savings on the initial investment of approximately $200+/- PSF or $1M required to create a restaurant of this type. The next operator will need to establish a new concept which is likely to be casual and somewhat bar-oriented to complement but not conflict with the two existing and very successful co-tenants of the Marina. Mexican and Cajun are excluded but most other concepts will be considered.
Proposed Lease Terms: 10 Year Initial Term + Two 5-yr Options (5 Year Initial Term will be considered).

Rent: $9,000 base + approx $4,113 NNN = Total Rent $13,113
6% Percentage Rent
Annual CPI Increases to Base Rent
No Tenant Improvement Allowance is offered
Restaurant is available October 1st.
Interested? Please contact the Broker to request additional details.
Tours are available by appointment only with the Broker. Please Do Not Disturb the Marina staff or current occupant.

We look forward to talking with you about this exciting opportunity!

To get more information about this Restaurant, Bar - Asset Sale, Can Convert business for sale in 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 #256320 on BizBen.com. In addition to phoning Tricia Bernhardt, make sure you email Tricia Bernhardt above to get more info about this Restaurant, Bar - Asset Sale, Can Convert, to ask any questions or request an appointment to see this business for sale. Thank you.

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