Priced to Sell Fast - Folsom Rest. Doing more than $1 mil + Hard Liquor + Club Potential

With a AAA Buyer, a significant portion of the purchase price could be financed. The amount depends on the buyer. Only serious experienced buyers with solid financials and a track record of success need apply. Fantastic opportunity for seasoned restaurateur and/or club owner needing to get into the upper scale town of Folsom where the locals are dying for a night life. The facility currently has nearly 6,700 Sq. Ft. that can be reduced by as much as 2,200 Sq. Ft. if the new owner wants to reduce the monthly rent. The establishment currently dines as many as 225 people with a bar holding 50 people. There is a private room currently used for banquets earning the owner about $200,000 gross per year and seating 75 or more. And perfect for the club is a large outdoor area overlooking a beautiful scenic town and seating about 100 customers and far more standing. There is a type 47 and 58 (caterer permit) licenses are included in the purchase. The kitchen is enormous with too much equipment and small wares to list. For you clubbers all you need is to secure the easy to obtain entertainment permit, add your personal touches and you are in business! There is the possibility of using a large garden area for the club too! The restaurant needs a new cutting edge concept to attract a new crowd to the area such as topical burgers, drinks and food that caters to the family during the day and night goers during the evening. Or simply American style food with family price points during the day and martini's and great food at night. Rent is very reasonable with a base of $8,195 and CAM charges that average around $2,800 that�s only $1.67 a sq ft.! Again the facility can be reduced by as much as 2,200 Sq. Ft. to reduce the rent. The Restaurant had over $1,050,000 in sales in 07. Take the next step and act quickly to complete the online confidentiality agreement to be provided with detailed pictures and the location address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities.

Demographics

Population	3-mi.	5-mi
2014 Total Population	70,184	145,145
Households	3-mi.	5-mi
2010 Number Of Households	24,935	50,101
2010 Persons Per Household	2.62	2.70
Median House Value	$385,500	$376,613
Income Per Household	$98,547	$96,068
Businesses	3-mi.	5-mi
2009 Number Of Businesses	1,911	3,439
2012 Number Of Employees	61,904	91,934
2012 Total Annual Payroll	$2,125,271,000	$2,869,832,000

click for more demographic info

Disclaimer