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#5453
Chico Restaurants For Sale

Famous Mexican Restaurant with Beer & Wine

$125,000
Sold
Famous Mexican Restaurant with Beer & Wine
This Listing is Sold

Want to go see this Restaurant? Select the Link to the Left "Want Name/Address".

Opportunity to purchase a Long time Established Mexican Restaurant with a long history and goodwill!

Free Standing building with its own parking lot!  New HVAC, Ice machine, Prep station fridge, Tables & Chairs redone as well.

Over 40 years of Goodwill...Name, Recipes... equipment its all included

Located in the Butte County Lively and Family Friendly town that brings loads of visitors to this area with College & Recreational opportunities.

Menu: The current menu is Mexican fare.

Visit Restaurant: Go to SellingRestaurants.com and search for listing 5453.

Kitchen:  Comes with an Ansul hood system & equipped with all the necessary equipment to serve breakfast, lunch and dinner.

Lease:  The rent is reasonable...$5,500 includes nnn per month...approx. 3,000 sq. ft.

Highlights and Upside:

  • Good Reviews
  • Catering & Events 
  •  Freestanding Building
  • Lots of Parking

Sales 2018 Over $500K.  Buyer needs to verify as no tax returns are available.

Make an offer...Owner is willing to look at reasonable offers from qualifies buyers!

Reason for selling: The current owner is semi-absentee and wishes to travel less.

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Chico Restaurants For Sale
Lease Term:
New Lease
Total Monthly Rent:
$5,500
Security Deposit:
$5,000

Financials

Last Year's Annual Gross:
$527,688
Last Year's Owner's Cash Flow:
$95,500
Last Year's Food Cost %:
26.7
Last Year's Payroll Cost %:
39.4
Last Year's Rent %:
11.4

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
7
Hours Open:
Sun - T 11-8
Fri/Sat 11-9
Year Established:
1974
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
3,000

Highlights

  • Tons of Goodwill...Long time favorite
  • Great reviews
  • Upside to take sales upwards with a hands on owner
  • Freestanding building
  • Your own parking lot
  • Busy Street

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("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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    Monthly Rent:  
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    Annual Revenues:  
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    Annual Adj. Net:  
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    Square Feet:  
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