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#1357
Chico Restaurants For Sale

Bar/Club with a large Kitchen for Lease or Buy the Real Estate

$700,000
Bar/Club with a large Kitchen for Lease or Buy the Real Estate
This Listing is Expired
Selling Restaurants is Proud to Present this Rare Bar/Club for lease or buy the real estate. It also has a large kitchen with a hood system in case you want to do food. This should have always been a sports bar but poor management has caused this business to fail. There is equipment in the building not owned by the landlord but the equipment owner is willing to work with the landlord to sell it along with a hard liquor license. Too many operators with little experience attracted the wrong crowds in this nice downtown area of a small town. A new operator needs to clean-up the image of the location and attract the better crowd of folks and manage the business like a business and not a toy for someone's ego. This place can make a good operator several hundred thousand dollars a year if run correctly. The owner may consider carrying a small percentage of the purchase price but the buyer needs to have some 60%+ down depending on credit scores. No bank will lend on this property unless the buyer has other collateral to attach with plenty of equity. There are no financials so please don't ask. Serious buyers with several hundred thousands of dollar will be considered for the purchase or a lessee with a hundred thousand dollars+ for working capital and great credit will be considered.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico Restaurants For Sale
Lease Term:
New 5 Year + one 5 Year Option
Total Monthly Rent:
$4,000

Operations

Liquor License:
needs a new one
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
375
Inside Sq. Ft.:
4,000

Highlights

  • This is a Beautiful Facility with Two Levels
  • The Kitchen is on the Top Level
  • Large Dance Floor with Views of it from above
  • Nice Area of a Revitalized Downtown of Small Town
  • Perfect Sport Bar
  • Large Bar Area
  • Live Entertainment Area
  • Lease Does Not Included NNN of about $800 a month

Financing

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

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

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.


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