145 replies to this topic

[mynddok]

dang it not them too!? ...that pic is definitely their place.... what a bummer

and wow a 10 year lease at that monthly rate - ouch. the developer of that area is going to price those folks right out of business, especially with Intel downsizing which was probably 70% of their business.

I do not understand why anyone would sign a ten year lease at that high a rate. Rent is out of control in this city. The only reason I would ever sign a long lease is with a low rent, and a captive clientele.

[folsombound]

Yeah, sure seems like a tough business.

There seems to be no middle ground with independent restaurants. You either get rich (seldom) or you go broke (most of the time)! I've managed to do enough stupid things in my life without trying that as well.

[mynddok]

There seems to be no middle ground with independent restaurants. You either get rich (seldom) or you go broke (most of the time)! I've managed to do enough stupid things in my life without trying that as well.

I think it all depends on your goals. I have been doing it for six years now, and am just successful enough to get by. The added bonus is that my wife can go to school and does not have to work. Plus we can schedule our time around our kids.

[cw68]

Check out this one..Can anyone think of a "fast casual" Italian place that has only been open since last year? Goodfellas, perhaps?

http://www.sellingre...om/forsale/833/

Dang it. That's Goodfellas. Was there for dinner tonight, picked up a nice comfort-food lasagna to feed my cold. I will definitely miss them if they go. I know how hard the brothers have worked and that they've tried to make a number of changes to increase business. With that rent, you'd really have to blow it out in order to make it.

[mynddok]

Dang it. That's Goodfellas. Was there for dinner tonight, picked up a nice comfort-food lasagna to feed my cold. I will definitely miss them if they go. I know how hard the brothers have worked and that they've tried to make a number of changes to increase business. With that rent, you'd really have to blow it out in order to make it.

I see one of them almost every day when I am doing my shopping at the local warehouse store. I think the price is low. That is so cheap for the fixtures and equipment. Maybe they decided that they have lost all the money that they care to.

[Spicy]

Spicy you seem to be in the know.... can you tell us which place this is?
http://www.bizben.co...ings/111094.php

Bailie's Restaurant & Bar
312 EAST BIDWELL
FOLSOM, CA 95630
(916) 983-3093

http://www.bizben.co...ings/110511.php
Pita Pita
2770 E.Bidwell St., Suite #600
Folsom, CA 95630
(916) 983-1500

http://www.sellingre...om/forsale/833/
GoodFellas Express Italian
1760 Prairie City Rd # 160
Folsom , CA 95630
Lease: 8 yrs remaining + 2/ 5 options

[cw68]

I wonder what restaurant this is. Is it the Cliff House? But it says it's clean... "Just Listed! This Absolutely Gorgeous Restaurant Is To Die For! You’ve Heard It Said Before, “Location, Location, Location” And This One Has It All. This Restaurant Is Perfect For Parties, Banquets, Stunning With Beautifully Landscaped Patio Areas In The Front And Back. There Is Seating Inside For 70, The Back Patio Has Seating For 100+, And Front Patio Has Seating For 35+ People. This Business Is Very Profitable And Is As Clean And Professionally Run As We’ve Seen In A Long Time. Very Often Reserved For Weddings, Birthday Parties And Intell Meetings. The Lease Is Assumable And Is At The Market Rate Of Comparable Other Restaurants In The Area. The Business Has A Beer And Wine License.

Reason For Sale: Business Is Family Run And Family Members Are Going In Different Life Directions.

Sale Price: 179,000 Or Best Offer"

Wonder if this Amarin Thai place has a big enough kitchen for beer making... Lockdown?

[GoodFellas]

Check out this one..Can anyone think of a "fast casual" Italian place that has only been open since last year? Goodfellas, perhaps?

http://www.sellingre...om/forsale/833/

Hello- Yes its true that the restaurant is for sale but we are not closing but relocating. We've had so many problems with the complex we are currently in and we feel its a losing battle. However, we plan on re-opening somewhere else in Folsom. This is about the complex -not about anything else. We will keep you posted on developments-till then we are here to serve great home-made italian food! Ciao

[cw68]

Hello- Yes its true that the restaurant is for sale but we are not closing but relocating. We've had so many problems with the complex we are currently in and we feel its a losing battle. However, we plan on re-opening somewhere else in Folsom. This is about the complex -not about anything else. We will keep you posted on developments-till then we are here to serve great home-made italian food! Ciao

[Spicy]

Wonder if this Amarin Thai place has a big enough kitchen for beer making... Lockdown?

Amarin Thai has a very small kitchen.

For all the current listings, Pachanga is the only "good" place for potential long term profits.

If I have the money, I would buy Pachanga tomorrow at 8am without a doubt.
Pachanga has FULL liquor license & Entertainment license.
Very reasonable lease rate. 3300 sf inside & 600 sf out side.
Breakfast, Lunch, Dinner, Night Club. Catering. 24/7. A GOLD MINE!

"being poor is not really fun" Spicy

[Steve Heard]

Hello- Yes its true that the restaurant is for sale but we are not closing but relocating. We've had so many problems with the complex we are currently in and we feel its a losing battle. However, we plan on re-opening somewhere else in Folsom. This is about the complex -not about anything else. We will keep you posted on developments-till then we are here to serve great home-made italian food! Ciao

We've all seen restaurants come and go in Folsom. I think Goodfellas has done everything they could to make it, but it is a really difficult location.

They've had community fundraisers and events, hired musicians, created discount specials, given away lots of product, and poured wine.

I think they'd do better in a cheaper location with better visibility and an easier in and out.

George, you're good people. I hope you make it.

[Spicy]

Hello- Yes its true that the restaurant is for sale but we are not closing but relocating. We've had so many problems with the complex we are currently in and we feel its a losing battle. However, we plan on re-opening somewhere else in Folsom. This is about the complex -not about anything else. We will keep you posted on developments-till then we are here to serve great home-made italian food! Ciao

My $.02

SellingRestaurants DO NOT share commission. No agents/brokers (outside of Selling Restaurants) will try to get their clients to buy your place.
It is best to list with a sale agent or a broker who SHARES commission.

Fortuna Buona!

[Dave Burrell]

Hello- Yes its true that the restaurant is for sale but we are not closing but relocating. We've had so many problems with the complex we are currently in and we feel its a losing battle. However, we plan on re-opening somewhere else in Folsom. This is about the complex -not about anything else. We will keep you posted on developments-till then we are here to serve great home-made italian food! Ciao

whew! thats great to hear and I don't blame you for wanting to relocate from that expen$ive place

see you for lunch tomorrow

[Dave Burrell]

Bailie's Restaurant & Bar
312 EAST BIDWELL
FOLSOM, CA 95630
(916) 983-3093

http://www.bizben.co...ings/110511.php
Pita Pita
2770 E.Bidwell St., Suite #600
Folsom, CA 95630
(916) 983-1500

http://www.sellingre...om/forsale/833/
GoodFellas Express Italian
1760 Prairie City Rd # 160
Folsom , CA 95630
Lease: 8 yrs remaining + 2/ 5 options

Thanks Spicy!

although I'm seriously bummed now that my favorite restaurant in this entire town is now being sold -

[momuleady]

Amarin Thai has a very small kitchen.

For all the current listings, Pachanga is the only "good" place for potential long term profits.

If I have the money, I would buy Pachanga tomorrow at 8am without a doubt.
Pachanga has FULL liquor license & Entertainment license.
Very reasonable lease rate. 3300 sf inside & 600 sf out side.
Breakfast, Lunch, Dinner, Night Club. Catering. 24/7. A GOLD MINE!

"being poor is not really fun" Spicy

Not sure this is the best location available?
liquor license are easy to find in folsom area
always been a tough spot(last 10 years)
parking problems?
in a couple of years it will be a good location -if you can hold out that long
Are you a bar or restaurant or night club or breakfast joint?