BUSINESS TYPE: Restaurant
PRICE: $ 495,000, Real Estate available
LOCATION: Sacramento Area
LISTING ID#: 6313
INDUSTRY: Food and Beverage
This freeway location near a Sacramento neighborhood has great tenured employees allowing the owners to vacation and enjoy the success of the business. Buyers must love money. SBA approval with real estate allows new owner to pay the debt service at an amount less than the current rent factor! You pay yourself less than the current rent AND you will own the building. Plus other tax benefits. This is a must see business as all systems and plans are in place.
This 20-year business is an award winning full-service restaurant well known for its family/friendly atmosphere, great customer service and top-notch menu selections for Dine-in, Banquet, Carryout, and Catering. Voted six-time winner at a nationally recognized Cook-Off held annually, “Best of” and People’s Choice award winner. Annual sales have exceeded $1.3 million over the last 3 years averaging $167,000 annual cash flow, and last 12 months $179,500 cash flow.
Not only is this restaurant a local destination, there are many customers making this lunch and dinner establishment a stopping point midway from the Bay Area to Tahoe. The business has easy access and high visibility off a major freeway to a highly desirable neighborhood in the Sacramento Area.
The facility has been extremely well maintained and in great condition. Recent improvements have included custom-made tabletops and carpeting.
- Regional brand with increased marketing potential and strong buying power
- Newly updated website
- Free standing building with large parking lot with ample parking
- Type 41 liquor license included
- Dine-in seating 140+, including 40 for banquet seating. Booths and community tables.
- Strong catering business with lots of room for growth
- 2 walk in fridge/1 freezer, 2 6-burner gas ranges, catering van/equipment. Full equipment list available.
- 2 owners working combined 40 hours/week
- Open M-Th 11am to 9pm, Fri/Sat 11am to 10pm, Sun 11am to 830pm.
- Themed decor must see! No details left untouched.
- Fully staffed with tenured employees requiring minimal management.
Owners created excellent systems and procedures leading to success over 20 years and ready to turn over to new owner(s) with a passion for marketing to it take to the next level. Social media marketing would have a huge positive impact on this business and the systems are in place.
Please reply with a description of your business background, the type and size of business you seek to acquire, when you plan to purchase a business, your investment capability, and your interest in this business.
Asking Price: $495,000
Gross Income: $1,344,501
Cash Flow: $169,000
FFE: $250,000 (Included in Price)
Inventory: $25,000 (Not Included in Price)
Reason For Sale: Retirement
Training & Support: Training Included
Year Established: 1995
Days & Hours of Operation: M-Th 11am-9pm, Fri/Sat 11am-10pm, Sun 11am-830pm
General Location: Sacramento Area
Monthly Rent: $10,000
Square Footage: 4,992 sq. ft
Home Based?: No