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#514
Chico Restaurants For Sale

Beautiful Restaurant w/Type 47 Hard Liquor License

$150,000
Beautiful Restaurant w/Type 47 Hard Liquor License
This Listing is Expired
One of the most beautiful restaurants in town. This 5500 Sq Ft facility offers beautiful woodwork throughout. Seating approx. 100 patrons inside the garden patio will accommodate another 50 people. There is also a large banquet room currently under construction. The current owner has decided to close the business. A new owner could get this banquet room up and running at a minimal cost. Currently there are 3 1/2 years remaining on the lease and two 5 year options. Rent is $1.24 a Sq Ft with no NNN. Current monthly sales are approx. $40K. The P.O.S. system is in place as well as a huge kitchen. The 18 foot hood houses an array of quality equipment from the Alto-Sham, Convection Oven, Char broiler, Deep Fryers, Flat Grill Steam Tables and Ten Burners Stove. As for refers there are two walk-in refers and an upright three door freezer, not to mention the reach-in salad hoppers on the cooks line. Currently offering Steak & Seafood along with a very popular Sunday Brunch this restaurant also offers gourmet salads and burgers for lunch. Owners need out for health reasons after only 15 months in operation. This restaurant is an easy fine dining conversion or upscale sports bar/tap room. Truly a rare find at this price.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
3.5yr remaining +Two 5yr optio
Total Monthly Rent:
$6,750

Operations

Liquor License:
47
# of Part-Time Employees:
15
Hours Open:
11-9 M-Th
11-9:30 Fri
12-9:30 Sat
9-5 Sunday
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
50
Inside Sq. Ft.:
5,500
Outside Sq. Ft.:
1000

Highlights

  • First Class Restaurant Facility
  • Type 47 Hard Liquor License
  • Business is Currently Closed
  • 5500 Square Feet
  • Rent is $6750 Month
  • Large Outside Patio
  • Huge Functional Kitchen
  • Large 18 ft. Hood
  • Equipment is in Great Condition
  • Currently Steak & Seafood w/Gourmet Burgers & Salads
  • Beautiful Wood Interior
  • Easy Convert to Fine Dining or Upscale Tap Room

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

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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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