SellingRestaurants presents an opportunity to purchase a high end asset sale right off I-5..
Established over 30 years ago...
This Restaurant has been a place like no other. More than any other institution, this business has been the backdrop for Stocktonians most cherished celebrations. Weddings, birthdays, anniversary parties and high level business meetings occur here on a regular basis.
Decor: The restaurant is a freestanding building with recently upgraded interior and includes a nicely done bar with dining areas. The main dining area is very sleek and elegant and would accommodate many venues. There are two more private dining rooms within for special occasions as well.
The second half of the building "Showroom" also has a large bar geared towards Entertaining with upper and lower seating, a Stage and Dance floor for customer fun. It is accessible through the restaurant and has its own entrance. There is also a nice office setup on the second floor to run your business from.
Menu: The current is upscale French...but the right new concept could really take this place to another level.
Kitchen: Comes with a hood system & equipped with all the necessary equipment to serve any concept you want. 3 Walkins, prep tables, range, fryer, 14' hood....and much more.
There is a second kitchen to use for the showroom concept, catering or ?
Lease: 9,500 sqf. New lease, The rent is currently $6,500....the sellers will assist in negotiating a New lease!
The Name brand and recipes are not included as this is an asset sale. Financials upon request from a qualified buyer for informational purposes only.
Untapped Potential:
Reason for selling: The current ownership has other businesses and restaurants interests that they need to focus on. Seller will assist in lease negotiation.
For the right offer the seller will consider selling the Name and recipes..............
Sales previously were over $1 million.
The owners will also consider a seller note for part of the purchase price for a qualified buyer...so submit your offer. All offers will be considered.
Paramount Restaurant Brokers, inc. Listing.
Population | 5-mi |
---|---|
2014 Total Population | 29,195 |
Households | 5-mi |
2010 Number Of Households | 10,596 |
2010 Persons Per Household | 2.63 |
Median House Value | $274,700 |
Income Per Household | $73,911 |
Businesses | 5-mi |
2009 Number Of Businesses | 459 |
2012 Number Of Employees | 13,678 |
2012 Total Annual Payroll | $246,520,000 |
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