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#999
Stockton Restaurants For Sale

Established Steak House in Central Valley Community

$125,000
Established Steak House in Central Valley Community
This Listing is Expired
Well established Steakhouse with a great reputation within town and the surrounding community. A Type 47 Liquor License is included in the sale!

This restaurant seats 72 in the front and has more seating available in the back bar. Size is 1800+- sq. ft. Rent is $1,850 and has 2.5 years remaining. There is no CAM charge.

The kitchen has ample room for preparation and is laid out to maximize efficiency of movement. There is plenty of space for storage and refrigeration.

Established in 1950�s, the Steakhouse draws a tremendous amount of customers from surrounding communities. The current owners are looking to retire. Here�s your opportunity to take advantage of this established business or convert to your own concept.

The owner who is very motivated has priced this to sell at $125,000.

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This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Stockton Restaurants For Sale
Lease Term:
2.5 yrs remaining / No Option
Total Monthly Rent:
$1,850
Security Deposit:
$2,000

Operations

Liquor License:
47
# of Full-Time Employees:
3
# of Family Employees:
3
Hours Open:
Mon - Sat: 11:00 - 9:00
Sun: 8:00 - 3:00
Year Established:
1950
Hood System Type 1:
Yes

Facilities

Indoor Seating:
72
Inside Sq. Ft.:
1800+-

Highlights

  • Well Established Steakhouse
  • Type 47 Liquor License
  • Tremendous Draw from Surrounding Communities
  • Plenty of Parking
  • 72 Seats inside
  • Full Bar
  • Concept can stay or convert to similar more modern BBQ Place

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 10,193
Households 5-mi
2010 Number Of Households 2,897
2010 Persons Per Household 3.30
Median House Value $107,500
Income Per Household $34,579
Businesses 5-mi
2009 Number Of Businesses 69
2012 Number Of Employees 942
2012 Total Annual Payroll $11,305,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.

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