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#4043
Chico Restaurants For Sale

Breakfast Lunch Franchise For Sale

$59,000
Breakfast Lunch Franchise For Sale
This Listing is Expired

Here is a Breakfast and Lunch restaurant Franchise opportunity for sale that would work well for an Owner Operator.

Great Price  @ $59K.

This is a nice area of northern California with a 2012 population of around 86,000 residents. Lots of nearby activities and culture in this Northern California city. This is a family friendly city with a great parks system and Major University nearby in a town that supports these local franchise restaurants.

This restaurant serves only breakfast and lunch. It’s usual hours of operation are from 6:00 A.M.. to 3:00 P.M.., seven days per week. Pretty simple.

Dining is casual and comfortable with a large dining area consisting of booths and some table seating. There is a semi private dining area as well.

Small outdoor deck and plenty of parking.

Kitchen has all the equipment you need with walkin, large cooking line and prep areas.

Lease: very reasonable $5,586 for 5,500 sqf., Three 5 year options as well.

Seller states 2013...sales are up over last year.

Improved marketing plan should set sales on the increase.

Financials available only upon buyer qualification.

This listing requires complete confidentiality as the seller does not want employees informed or questioned at this point in the process yet.

Reason for selling: owner has other interests.

a Paramount Restaurant Brokers, inc. Listing

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

Lease

Region:
Chico Restaurants For Sale
Lease Term:
Expires July 14, 2015 + Three 5 year options
Total Monthly Rent:
$5,586
Security Deposit:
$6,000

Financials

Last Year's Annual Gross:
$449,974
Last Year's Food Cost %:
28
Last Year's Payroll Cost %:
35
Last Year's Rent %:
15

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
9
# of Family Employees:
1
Hours Open:
6-3pm
7 days
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
199
Inside Sq. Ft.:
5,500

Highlights

  • Breakfast and lunch
  • Regular Customers
  • Free standing building on corner
  • Great owner operator opportunity
  • Franchise

Financing

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

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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