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#1071
Stockton Restaurants For Sale

Large Asian Buffet Restaurant Facility - Rental Space Dividable

$150,000
Large Asian Buffet Restaurant Facility - Rental Space Dividable
This Listing is Expired
Bring any new concept your heart desires or keep is an Asian Buffet, either way the time and money saved not starting with a black hole makes this an absolute steal at the asking price. All the hard work is done! The landlord is in the process of taking over the assets of the business and needs to find a tenant ASAP! The restaurant facility went through a major upgrade in 2006 so the previous tenant's loses are your gains. The restaurant occupies about 11,500 sq/ft and seats as many as 280 guests plus more on the patio. The Kitchen Area alone is over 2800sq/ft, fully equip[ed as one would expect, and is designed to handle high volume. It has both Wok and American equipment. The rent including NNN is $19,000 per month! That's only $1.65 Sq. Ft. The lease will be 5+5 and all other terms are negotiable. The restaurant could be downsized to 6,000-7,000 if need be with neighboring restaurants/businesses placed next door to create synergies for the new tenant. All of the FF & E's are in place for a new operator to open their own restaurant and is being sold "as is" without any warranties. Traffic count is over 50,000 cars per day according to City of Stockton data.

Select any of the bright orange buttons below to get the name, address and more photos of this restaurant.
Take the next step and select one of the bright orange buttons below to get the name and address of the restaurant.
Agent Jim Schardt DRE License #01728371

Lease

Region:
Stockton Restaurants For Sale
Lease Term:
New Lease 5+5 - Negotiate Term
Total Monthly Rent:
$19,000

Operations

Hood System Type 1:
Yes

Facilities

Indoor Seating:
289
# of Parking Spots:
100
Inside Sq. Ft.:
11,459

Highlights

  • Asian Buffet or convert to new concept
  • All the hard work is done. Why start from scratch?
  • About 11,500 Sq. Ft. available, but could be reduced depending on tenant
  • Very Large parking lot holding hundres of cars
  • Stand Alone building - single story
  • Recently updated interior
  • Landlord in process of taking over Furniture, Fixtures & Equipment (FF&E)
  • Building sets on corner of two busy streets with traffic count over 50,000
  • Only serious buyers with AAA credit need apply
  • Price includes all FF&E
  • Good location!
  • NNN

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 41,086 131,187 193,987
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,180 41,151 62,111
2010 Persons Per Household 3.45 3.02 2.95
Median House Value $121,600 $160,471 $163,826
Income Per Household $40,182 $49,508 $48,158
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 364 1,876 2,826
2012 Number Of Employees 12,398 57,846 92,810
2012 Total Annual Payroll $259,170,000 $842,200,000 $1,650,585,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Robert Lee Tade. ("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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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