Here’s an opportunity to own a profitable and established neighborhood Bar & Grill in a desirable Folsom location.
This appealing Bar & Grill, with its comfortable modern interior, offers patrons a nice “third place” to gather with friends for Happy Hour or catching a game at the bar. It is also a favorite for locals to stop in for a nice meal. Customers appreciate the classic American grill menu with its focus on creative and from scratch cooking, and pricing that hits that sweet spot with cost versus value. The Bar offers creative craft cocktails and many popular draft & craft beers on tap which are designed to complement the classic dishes.
The Bar & Grill has a relaxed vibe where conversation is encouraged, but there are flat screen TVs throughout the bar area which draw customers for regular games and for big sports events. The assets include a Type 47 Full Liquor license.
The space is approx. 3000sf with seating for 66 dinning + 16 Bar. It is equipped with a Full Kitchen with a Hood/Ansul and comes with all the top-of-the-line equipment you need.
Total Rent $6,300/mo +/- , CAM/NNN includes water, sewer and garbage utilities.
The business is profitable with the 2024 Net Sales approx $1.4 Mil. Revenues are well-balanced between food @ 64% +/- and bar @ 36%.
The founding owners have enjoyed developing the business and making connections in the community, but they are preparing for retirement so the time has come to pass it on to new hands. This opportunity is best suited for an experienced manager with restaurant, bar, or possibly other business experience. The owner may be willing to finance a portion of the sale, depending on the buyer’s qualifications. He's proposed 429K cash and 150K note over 4 years.
Interested? This is a very confidential listing so a Buyer registration with an NDA is required to receive further details.
We look forward to talking with you about this exciting opportunity!