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#1060
Stockton Restaurants For Sale

Restaurant/Catering and Deli in San Joaquin Government Building

$500,000
Restaurant/Catering and Deli in San Joaquin Government Building
This Listing is Expired
A unique opportunity to own your Restaurant/Catering and Satellite Deli business with a captured market. Owner May Carry Up To $50K!! Located within a Very Busy San Joaquin County Government Building lies a successful Restaurant/Catering business. The restaurant is exclusive and well established within the building. The business is over 5400 Sq Ft and rents for $3,860. There is additional 5000+- Sq Ft in storage. This restaurant has seating for 200 with room for outside dining.

Traffic in and out of this building is very constant and rising. With the planned addition to this building from the County, the customer base will be rising. This restaurant has been successful meeting the needs of the buildings hungry patrons since 1995 and includes a full bar. A new, savvy owner can increase sales by marketing the restaurant to the many businesses located nearby.

Because of the uniqueness of this arrangement with the County, the owner has built a very successful catering business to compliment the restaurant. Catering is done either on site in the Banquet Room or offsite throughout the local area. The catering is strong and well known. There are a lot of repeat customers that use this business!

The Satellite Deli, located in a different County Government Office, is open for breakfast and lunch during the week. It is closed on weekends and holidays. This Deli is exclusive to this County Building and meets the needs of the workers within it. The Restaurant/Catering business supplies a lot of the hot food sold on the site.

This is being sold as a package for $500,000! The owner, for qualified buyers only, may carry up to $50,000!!

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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

Financials

Last Year's Annual Gross:
$942,646
Last Year's Owner's Cash Flow:
$140,397
Last Year's Food Cost %:
40.86
Last Year's Payroll Cost %:
24.81
Last Year's Rent %:
4.23

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
6
Hours Open:
Mon - Fri: 6:30 - 2:30
Sat - Sun: 8:30 - 12:30
Year Established:
1995
Hood System Type 1:
Yes

Facilities

Indoor Seating:
200
Inside Sq. Ft.:
11,000

Highlights

  • Restaurant/Catering
  • Located Inside Two Major County Buildings
  • Plenty of Room in Spacious Kitchen
  • Captured Market
  • Over 10,000 Sq Ft of Space.
  • Great Opportunity
  • SBA Pre-Approved Loan with 20% down @ 8% or less for 10 Years
  • Owner May Carry up to $50k for Qualified Buyers

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 68,306 68,306 112,917
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,324 16,345 32,577
2010 Persons Per Household 3.96 3.96 3.28
Median House Value $131,700 $131,531 $138,329
Income Per Household $43,559 $43,503 $43,268
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 542 544 1,252
2012 Number Of Employees 24,002 24,002 52,678
2012 Total Annual Payroll $517,295,000 $517,295,000 $1,205,971,000

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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