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#1116
Chico Restaurants For Sale

Beautiful Full Service Restaurant w/Bar & Type 47 Hard Liquor License

$300,000
Beautiful Full Service Restaurant w/Bar & Type 47 Hard Liquor License
This Listing is Expired
Selling Restaurants presents this absolutely stunning restaurant in AAA location with great long-term brand recognition. This high volume restaurant has been very successful for many years. Included in the sale is a long term lease, Type 47 Hard Liquor license and great cash flow. This 5700 Sq Ft facility has a base rent of only $6,100 a month - less than 5% rent factor - and seats 178 people. There is an exhibition kitchen, beautifully appointed dining room, huge lounge and one of the nicest bars in town. Currently open for lunch, dinner this is truly one of the most popular "HOT SPOTS" in town. In addition to the busy restaurant this opportunity also offers an exquisite catering company of the same name. This amazing opportunity is open to experienced restauranteurs wishing to pick-up a successful restaurant. The buyer must have good credit, plenty of net worth/assets and the working capital to continue the success.

Take the next step and select one of the "Orange Buttons" below to get in touch with the agent.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
New Long Term Lease
Total Monthly Rent:
$6,100

Financials

Last Year's Annual Gross:
$1,529,395
Last Year's Owner's Cash Flow:
$206,213
Last Year's Food Cost %:
33.7
Last Year's Payroll Cost %:
21.6
Last Year's Rent %:
6

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
33
# of Family Employees:
2
Hours Open:
11:30 - 2:30 Lunch
5:00 - 10pm Dinner
Open Seven Days a Week
Year Established:
1997
Hood System Type 1:
Yes

Facilities

Indoor Seating:
178
Inside Sq. Ft.:
5,700

Highlights

  • AAA Location and Lease
  • 5700 Sq Ft
  • $6100 Base Rent
  • Seats 178 People
  • Beautifully Appointed Dining Room
  • One of the Top Restaurants in Town
  • Type 47 Hard Liquor License Included
  • What a Steal
  • Amazing Bar & Lounge
  • Exibition Kitchen
  • Award Winning Food and Wine List
  • San Francisco Quality in Smaller Beautiful City

Financing

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

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,773 73,162
Households 1-mi. 5-mi
2010 Number Of Households 14,480 29,899
2010 Persons Per Household 2.43 2.38
Median House Value $294,600 $281,965
Income Per Household $45,224 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,185 2,197
2012 Number Of Employees 32,876 59,120
2012 Total Annual Payroll $510,887,000 $1,017,997,000

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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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