Restaurant Bar and Nightclub with Type 47 For Sale

Business description

This is the perfect opportunity to avoid the headaches of trying to get all those city, county, state and police permits required to open a nightclub in Sacramento. The Average Annual revenues are in the $600,000+ range, and the nightclub hasn’t been fully operational for a while. Unfortunately (There are no financials available for this listing) I repeat no financials available on this listing. Prior owner of the business had no experience and plenty of dreams resulting in not being able to make money on good volumes. The right buyer is a highly experienced operator who will realize immediately what an incredible deal this is. They should have solid financials for the landlord; who has their finances ready to do the deal, and is ready to move quickly. The business has 7,400 Sq. Ft. (3,000 or so for the restaurant) and just under 2 years remaining on lease plus two 5 year options. However the landlord has indicated a new lease may be available for the right buyer. The business features a Dance Floor, DJ booth, Full Bar with type 47 liquor license. Dance permit (not transferable). This is an excellent entertainment location and a great way to get into the club business for a fraction of the cost. The dining area is separate from the bar and nightclub. The rent is very reasonable with Base rent of $9,250 and CAM charges around $1,400 that’s under $1.50 sq ft for a AAA location!

Property information

Real Estate:

Lease

Lease terms:

$9250/mo expires Dec. 31 2009 + 2 5yr option Landlord may issue new lease

Other information

Trading hours:

11:00-9:00 Monday-Thursday 11:00-2:00am Friday-Sunday