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#5189
Stockton Merced Modesto

Beautiful Club W/Low Rent & Type 48 Liquor

$149,000
Sold
Beautiful Club W/Low Rent & Type 48 Liquor
This Listing is Sold

Go out and Party At This Club by Selecting the Link to Left "Want Name/Address"

Trendy Nightclub and Bar with live entertainment in Stanislaus County !

Keep current concept or bring your own...there is some structure remaining for a kitchen, if a new owner wanted to put in a kitchen or keep in simple, as there is no hood system currently.

This would be a great Opportunity for a Owner Operator or current operator wanting to add another location.

Outdoor Patio with a separate Bar!

 119 Occupancy plus 

Area: Located near downtown... This is a freestanding building with plenty of parking for bigger crowds.

Type 48 Full Liquor License! and portable bar and event permit too.

Very Nice upscale interior with DJ Booth, VIP areas ...Large Bar and Dance Floor.

FF&E: POS, Security system, Reach in Beverage Coolers, Bar sinks,  TV’s and more!

Good Reviews! & Good Staff...

Sales —2017 Sales $301K.

Lease: Good Rent at $4,000… All In for approx.. 3,900 sqf., Patio & Storage space included in rent.

Seller only operates Friday Sat. and Sunday currently.

Nice improvements and equipment could easily set you back well over 150K to get started from scratch.

Seller will consider serious offers.

The owner will consider a partial seller note for a qualified buyer with at least $80K down.

Seller would also seller would also consider a reasonable offer on the property as well.

Social media in place.

Reason for selling: Other businesses require owners attention.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Stockton Merced Modesto
Lease Term:
New Lease
Total Monthly Rent:
$4,000
Security Deposit:
$4,000

Financials

Last Year's Annual Gross:
$301,979
Last Year's Owner's Cash Flow:
$13,705
Last Year's Food Cost %:
19
Last Year's Payroll Cost %:
10

Operations

Liquor License:
48,68,77
# of Part-Time Employees:
6
Hours Open:
Fri.-Sun. 9:30p-2a
Year Established:
2012

Facilities

Inside Sq. Ft.:
3900

Highlights

  • Newer improvements and TI
  • Upscale interior
  • Great Bar and Bar back
  • Kitchen is there ...no hood...has potential!
  • Seller will consider serious offers.
  • The owner will consider a partial seller note for a qualified buyer with at least $80K down.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 74,701 134,532 198,552
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 21,189 42,128 65,523
2010 Persons Per Household 3.34 3.05 2.92
Median House Value $114,288 $154,603 $155,940
Income Per Household $33,526 $44,224 $43,207
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,529 2,260 3,643
2012 Number Of Employees 43,624 60,550 105,484
2012 Total Annual Payroll $901,640,000 $1,252,563,000 $2,105,237,000

click for more demographic info

Disclaimer

DISCLAIMER: 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 addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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