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#397
Stockton Restaurants For Sale

FAMOUS LAND MARK RESTAURANT IN STOCKTON

$280,000
FAMOUS LAND MARK RESTAURANT IN STOCKTON
This Listing is Expired
This stand free restaurant has 8,500+sq/ft with a huge parking lot, the kitchen is fully equipped, serving 300 or more guests. The rent is $8,300 a month including CAM with a new 5 years Lease plus a 5 year option. Restaurant has been in business more than 30 years in the downtown area. This is a full service restaurant with type 47 liquor license. Buyer must be experience restaurant owner with strong financials to support their success.
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:
5+5
Total Monthly Rent:
$8,300

Financials

Last Year's Annual Gross:
$600,000

Operations

Liquor License:
47
# of Full-Time Employees:
13
# of Family Employees:
2
Hours Open:
Sunday to Monday 11-9
Year Established:
1960

Facilities

Indoor Seating:
300
Inside Sq. Ft.:
8,500

Highlights

  • Stand alone building with 8,500+sq/ft
  • Large Parking Lot
  • New lease 5 yr with 5 yr Option
  • Long established Restaurant 30+ years
  • Full Service with liquor license 47 (Hard Liquor)
  • This restaurant could services 300 or more guests.
  • Rent is $8,300 a month included CAM
  • Historic Area, ready for a classy Restaurant

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 15,791 51,075 207,110
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,236 19,410 63,551
2010 Persons Per Household 2.85 2.51 3.11
Median House Value $155,200 $146,841 $140,414
Income Per Household $39,301 $38,341 $39,095
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 303 1,046 3,493
2012 Number Of Employees 10,106 39,040 121,308
2012 Total Annual Payroll $256,420,000 $955,966,000 $2,375,550,000

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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