Historical Icon Large Asian Restaurant Including Real Estate

Stockton, CA (San Joaquin County)

Historical Icon Large Asian Restaurant Including Real Estate

Asking Price:$1,500,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Historical Icon Large Asian Restaurant Including Real Estate

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Business Description

Historical Icon Large Asian Restaurant Including Real Estate

Historical Icon Large Asian Restaurant Including Real Estate Located In Stockton

RRC#: 2414
Asking Price: $1,500,000
Location: 333 South Sutter St, Stockton, California
Yearly Revenue: Contact Broker for Info
Yearly Cash Flow: Contact Broker for Info
Monthly Rent: Real Estate Included

LISTING DESCRIPTION:
A 9,450 square feet single storey Building sitting on 4 separate lots, totaling 47,904 square feet. Seating for 70 in the bar, 120 in the dining room and a further 150 in the banquet room. The historic name "On Lock Sam" has been in existence since circa 1898 and has been at it's present location since 1965. The large kitchen is capable of servicing the bar, restaurant and banquet room simultaneously. The kitchen line in equipped with a 30ft extraction hood and fire suppression system with multiple Wok stove and ample refrigerated worktops all along the line. There is a separate prep kitchen with a second extraction hood equipped with low boiler stoves and three walk in's, 2 refrigerator walk in's and 1 freezer walk in plus a double convection oven, sinks, "The Works"! There is also a large servery area with ample storage, all stainless steel and tile with a large ice machine. The restaurant dining room has a mixture of booths along the walls and table and chairs, complete with a high ceiling incorporating glass windows and chandeliers. The banquet room is all loose round and long tables and chairs seating 150 and like the restaurant has a high ceiling with windows. Sandwiched between these 2 rooms is the well sized type 47 hard liquor bar with entrances to both the restaurant and banquet room. A new stone tiled floor covers each room and all the front of house areas. The front entrance and lobby areas are extremely spacious and the whole place feels open and airy. Although the total building has an Asian design currently, the size and multi room layout along with it's 30,000 sq ft parking lot would allow for many other restaurant, night club / lounge, steakhouse or corporate uses. This a major space in redeveloping Stockton includes the real estate and 4 lots price at $1.5MM. Complete the ‘Confidential Information’ request at the top of this page and we will send you the financials, photo's & further information for this business. We will also send you the broker contact so you can discuss this opportunity in detail.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1965 | Current Owner: 2003 | Employees: Contact Broker for Info | Seating: 340 | Square Footage: 9400 | Parking: 100+ | Licenses Required: Health, Business and ABC Type 47 License | Days Open/Hours: 11am - 10pm Daily | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Contact Broker for InfoContact Broker for Info

LEASE INFORMATION:
Monthly Rent: Real Estate Included | Lease Expiration: Real Estate Included | Yearly Adjustment: Real Estate Included | Lease Option: Real Estate Included |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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