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#418
Chico Restaurants For Sale

BAR WITH REAL ESTATE & APARTMENTS

$720,000
BAR WITH REAL ESTATE & APARTMENTS
This Listing is Expired
This bar/hotel is located in an area experiencing tremendous growth & re-development. It has multiple potential income streams including a bar business which could easily become a biker bar classic, small restaurant, and either offices spaces or apartment complex,you decide. One apartment is an owners unit, one bedroom , one bath witha kithchen and bay windows overlooking the street. This is the ideal biker bar set-up. There are also six other bedrooms furnished with bed,TV, and nightstand which all share a common bath. The building has nearly 3,800sqft. and sits on a 40 x 160 lot(6,400sq'). This is a two story complex in excellent condition as the outside siding is practically new as are the windows. The interior walls were recently finished on the second floor while the bar has been well maintained. The bar has electronic darts, pool table, band area or karoke as well as a juke box and fireplace. This is that comfortable/warm bar around the corner. There is also a small outdoor patio currently used as a smoking section. The second floor also has a common deck with BBQ and seating area for tenants.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale

Operations

Liquor License:
48
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
7 days a week
Year Established:
1940

Facilities

# of Parking Spots:
20
Lot Dimension:
40 X 160
Lot Sq. Ft.:
6400
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
Approx. 700

Highlights

  • TYPE 48 LIQOUR LICENSE VALUE $40,000.0
  • OPEN 7 DAYS
  • APPROXIMATELY 3782 sq
  • 20 PARKING SPACES PLUS OFF STREET PARKING
  • POTETIAL RENTAL INCOME FROM 7 UNITS
  • 65 YEAR HISTORY AS A BAR
  • PERFECT FOR A BIKER BAR
  • HAS SMALL KITCHEN, PERFECT FOR PUB FOOD

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
6.5%

Demographics

Population 5-mi
2014 Total Population 32,539
Households 5-mi
2010 Number Of Households 11,029
2010 Persons Per Household 2.78
Median House Value $154,600
Income Per Household $40,260
Businesses 5-mi
2009 Number Of Businesses 509
2012 Number Of Employees 13,010
2012 Total Annual Payroll $222,652,000

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.

Other Listings in the Area
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    #6426
    Profitable Mexican Restaurant
    Lease:  
    Expires Oct. 1, 2024 with two 5 year options
    Monthly Rent:  
    $5,600
    Annual Revenues:  
    $824,767
    Annual Adj. Net:  
    $198,338
    Square Feet:  
    3,000
    Available
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