This restaurant is a totally "Turnkey" business opportunity.  Over $3million annual sale, easy excitability with nice curb appeal and a welcoming large patio. Located in the well-established Lincoln Center in Stockton. Surrounded by higher end shops and national chains like Starbucks and Jamba Juice.   Parking is plenty around the shopping center.    The restaurant is sophisticated and welcoming.  Guests enter through the cozy patio, which is outfitted with a water misting system, stays cool even on the warm summer nights, and for the cooler winter evenings there are 4 attached above heaters that guarantee comfortable dining for guests.  The dining room is well-structured, pleasing for guests and easy to operate for the staff. Wall to ceiling sliding doors create an outdoor indoor feeling. Booth and bench seating gives flexible room for small to larger parties.    The restaurant kitchen is well-equipped to maintain large value. Plenty of storage, a large walk in, a walk-in freezer, 2 type 1 hood with ansul system, char grill, 6 burner oven-range, salamander, 2 fryers with 4 basket, flat top with a reach in under, ice machine, crushed ice machine and many other equipment.     The bar has seats for 13 at the bar and 6 tables and a built-in corner for overflow bar seating. Large flat screen tv, 8 tap draught beer system, 2 speed wells, 2 bin slushy machine, under counter reach in fridges and many extras.   Menu and recipes are included in the sale. Celebrity Chef Michael Midgley would be available to stay on for a longer period, after the sale, either for a salary or a consulting base.   The restaurant also comes with a small fully plumed, 450 sf office unit.    Please complete the 'Non-Disclosure Agreement' on our site and we'll send you the name and address with the full financial information, lease & list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established1951
  • Current Owner2014
  • Employees42
  • Reason For SaleOther Interests

Facilities

  • Seating115
  • Square Feet3,848 + 450
  • ParkingShopping center parking
  • LicensesABC Type 47, 58, 77 License, Local Business License, Health Permit,
  • Open HoursMonday to Thursday and Sunday 11:30 - 9:00 Friday and Saturday 11:30- 10

Lease

  • Rent$7,037 + 3% of Gross Sale
  • Expiration10/31/2026
  • Yearly IncreaseCPI
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$253,684
  • Monthly Cash FlowContact for Info
  • Annual Revenue$3,044,212
  • Annual Cash FlowContact for Info
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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