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This is one of those rare restaurant sales in one of Northern California�s fastest growing cities that would please even the most demanding restaurant buyer. The restaurant and bar are situated on a corner in a beautiful updated downtown area with the lease having three years remaining and two-five year options. This restaurant caters to both the professional and casual client�le. It�s the local meeting place where deals are done, relationships built, families come together and people unwind for the day. It�s common to hear people say, �I�ll meet you at the��
This restaurant and bar sets the standard for freshness, quality, service, and consistency. Sauces are made daily; meats cut by hand and food and drink choices tweaked each day just to spark the curiosity of its customers. An exceptionally well-trained management staff professionally manages the business and its systems. The staff runs the daily floor and kitchen operations with complete profit and loss accountability. They know the finer points between good and great service and will stay with the restaurant if the new owner desires. There are 13 general manager shifts per week, of which the owner fills 3 of them.
This restaurant, which has been open seven years, has three years of impeccable and consistent financials with Gross Sales of nearly $1.9 million each year and 16.5% adjusted net profit for 2003. Financing with approximately 10% down is possible for a qualified buyer.
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General Information
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| Listing Status: |
Sold |
| Price: |
$795,000 |
| Location: |
Chico~Yuba City |
| Hood System: |
No |
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Highlights
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- Seats 110
- Sq. Ft. 5,400
- Lease Expires 2007 with 2x5 yr Option
- Established in 1997
- Annual Gross Sales: $1,865,000
- Adj. Net Profit: $307,000
- Monthly Rent is $6,000/Month or 3.9%
- Average Inventory: $37,000+Supplies
- 2 Full-Time Managers + Head Chef
- SBA Financing available
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