Sacramento Restaurant For Sale
Water Front Restaurant and Bar
In one of the hottest water front locations in Sacramento area, this restaurant and bar is surrounded by restaurants doing multi-million dollar annual volume. The Space needs a new concept to keep up with its neighbors that are cranking out the volume. It is a perfect location for a regional or national chain or even a local that wants a second or third location.
This broker believes these concepts will be a homerun for the locaiton.
Pizza
Italian Family Style with moderate Prices
Burgers and American Food with Value Menus
This is a destination location with plenty of tourists as well as locals that come for the good times this area offers. A restaurant recently open next door and in less than four months has produced $1.2 million in sales. THAT'S WHAT WE ARE TALKING ABOUT HERE!
This space has all the making of being great, but the current concept of upscale restaurant with high prices hasn't been a hit, but don't let that stop you from exploring new concepts here because there is massive foot traffic in this area.
The landlord will provide a new lease to a qualified tenant including tenant improvement credits, free rent, etc.
But you'll need a strong personal financial statement, plenty of cash and lots of restaurant experience and restaurants in your portfolio.
The current restaurant operating at this location has a type 47 as well as plenty of equipment that could be purchased, but that's a separate negotiation where the landlord is not invovled. This broker will negotiate that for you.
Base Rent is only $1.50 Sq. Ft. plus NNN/CAM.
Broker Leo LaGesse DRE License #01027811
Lease
Operations
Facilities
Highlights
- Prime River Front Restaurant Location
- Perfect National or Regional Chain Location
- HUGE VOLUME AREA
- Lots of Parking
- Boat Dock at Doorway
- Low Base Rent of Only $1.42 Sq. Ft.
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 39,149 | 95,943 | 274,263 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 14,012 | 37,586 | 100,567 |
| 2010 Persons Per Household | 2.66 | 2.43 | 2.56 |
| Median House Value | $170,700 | $211,730 | $244,348 |
| Income Per Household | $56,280 | $48,490 | $52,707 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 574 | 3,918 | 7,890 |
| 2012 Number Of Employees | 21,158 | 132,156 | 263,308 |
| 2012 Total Annual Payroll | $771,755,000 | $3,587,391,000 | $4,294,967,295 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.
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