Iconic Bar & Restaurant with Entertainment Venue – Full Liquor License

Sacramento, CA (Sacramento County)

Iconic Bar & Restaurant with Entertainment Venue – Full Liquor License
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Asking Price: $199,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $6,140 per Month

Established: 1934

Iconic Bar & Restaurant with Entertainment Venue – Full Liquor License

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Business Description

Sacramento's 1st Full Liquor Bar

Attention Experienced Restaurateurs!
We are honored to offer one of the most iconic Bar & Entertainment venues in the Greater Sacramento Area – Old Ironsides Bar & Restaurant!
This legacy Bar offers an outstanding opportunity to an experienced restaurateur seeking a location with decades of goodwill and an interesting history in the Bar business. The venue benefits from its prominent corner location at 10th & S. It’s historic mural and vintage neon sign are part of its appeal and are icons known to many generations of music fans. The surrounding Midtown neighborhood adjacent to the R Street Corridor is one of the most desired areas in the city, with a strong mix of dining, business, and residential.
The restaurant features an intimate bar and a small stage area that has been booked with entertainment from big nationally known bands to local music legends. The space is also used for karaoke, trivia nights and other fun gigs that are staples of great dive bars.
The space has a compact but fully equipped kitchen with hood set up to produce a classic bar menu., two dining rooms with character, and the owners recently added an outdoor dining area to accommodate the recent County Covid restrictions.
The sale includes Sacramento County’s first ABC Type 47 Full Liquor license.
The owners have laid a great foundation and have pride in the 86+ year legacy of the Bar, but they have retirement plans to prepare for soon. They are looking for the next owner with vision to take over and continue the momentum of the Bar but also put their stamp on it for the future.
This will be a great opportunity for a hands-on owner with restaurant and bar experience who would enjoy becoming involved in the community, interacting with the loyal clientele, and marketing the location for events.
This is a confidential listing, so you must complete a Confidentiality Agreement/NDA for us in order to view financials and request a tour.
PLEASE DO NOT DISTURB THE BUSINESS OR EMPLOYEES. TOURS ARE BY APPOINTMENT ONLY.
We look forward to talking with you about this exciting opportunity!

Detailed Information

Location:
Sacramento, CA
Real Estate:
Leased
Building SF:
2,520
Lease Expiration:
N/A
Facilities:
Space is approx 2520sf +/- with Occupancy 95. The temporary outdoor seating is for 18. Compact kitchen with hood/ansul.
Support & Training:
Sellers are offering 2 weeks @ 40hr/wk training and transition time
Reason for Selling:
Retirement
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Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

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