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#456
Chico Restaurants For Sale

FIRST CLASS STEAK SEAFOOD & FINE WINE DINNER HOUSE

$240,000
FIRST CLASS STEAK SEAFOOD & FINE WINE DINNER HOUSE
This Listing is Expired
The lease alone is worth the price! If you're looking for a top shelf dinner house, this is the one. Extremely popular restaurant located in downtown area offering one of the best dining experiences in town. Currently serving only dinner with limited hours a new owner could easily grow revenues through lunches and caterings. Everything here is in almost new condition from the furniture to the new walk-in refer & freezer. One the most tastefully decorated restaurants I've seen seating approx. 85 guests. This restaurant offers private dining as well as a banquet facility for 20+ people. The rent is way below market with six years still remaining. Truly a rare find at this price.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
6 years remaining
Total Monthly Rent:
$1,350
Security Deposit:
$1,350

Financials

Last Year's Annual Gross:
$613,286
Last Year's Owner's Cash Flow:
$69,120
Last Year's Food Cost %:
46.7
Last Year's Payroll Cost %:
29.5

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
10
Hours Open:
Tues - Saturday 5-9pm
Year Established:
2004

Facilities

Indoor Seating:
86
# of Parking Spots:
12
Inside Sq. Ft.:
3,200

Highlights

  • FIRST CLASS DINNER HOUSE & WINE BAR
  • FAR BELOW MARKET RENT @$1,350/MONTH
  • HUGE GROWTH POTENTIAL
  • LARGE KITCHEN
  • BEAUTIFULLY DECORATED
  • BANQUET ROOM FOR PRIVATE PARTIES
  • INTIMATE DINING EXPERIENCE
  • FACILITY IS IN EXCELLENT CONDITION
  • ONE OF THE BEST DINNER HOUSES IN TOWN
  • ANNUAL GROSS $613,000+
  • SQ. FT. 3,200
  • SEATS 85+ PEOPLE

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
35%

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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