The City of Stockton, just 30 minutes south from Sacramento has a population of around 300,000. Although one of the hardest hit city's during the 2010/2012 national financial crisis, it is emerging as a fast growing central valley community and re-growing at a tremendous rate. This 3100 sq ft Steakhouse restaurant and bar has only been established since 2014 and has a type 47 hard liquor license with a seating capacity for 110 customer. The kitchen is equipped with a TWO type 1 extraction hoods with fire suppression system. A flattop and oven, 6 burner stove and oven, a double basket deep fryer and a real Steakhouse double (height adjustable) Salamander with full oven below. Two 2 door refrigerated work tops, an upright freezer, seller owned dish wash machine, large walk-in and ample s/s prep tables. The servery has ample space for employees to operate a busy bar and restaurant with coffee and ice machines, ALL owned, NO Leases. The dining room is nicely decorated with many booths and loose tables and chairs seating 75 and a separate full bar room with a 12 seater wood bar and further seating for 25 plus a band and dance floor area. All the equipment is in excellent condition and is a 'turn key' opportunity. This restaurant is a fine example of a well run business and enjoys an almost night club atmosphere once the dinner service is complete. Come and take a look as this opportunity which could be yours for the low price of only $120k fully inclusive of all equipment, goodwill and hard liquor license. Complete the 'Confidential Information' request at the top of this page and we will send you the name and address of this business plus the financials & the lease. We will also send you the broker contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationSole Proprietorship
  • EstablishedContact For Info
  • Current Owner2014
  • Employees11
  • Reason For SaleOther Interests

Facilities

  • Seating110
  • Square Feet3,100
  • Parking50+
  • LicensesHealth, Business and ABC Type 47 License
  • Open Hours4.00pm - 11.00pm Daily

Lease

  • Rent$3,200 inclusive NNN
  • Expiration2019
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year options
  • Deposit$3,000

Financials

  • Monthly Revenue$38,000
  • Monthly Cash Flow$3,500
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$$10,000

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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