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#1040
Chico Restaurants For Sale

Great Location: Great Price: Great Lease

$55,000
Great Location: Great Price: Great Lease
This Listing is Expired
Excellent opportunity to launch your own ideas in this turn key restaurant just steps from the University. All Furniture, Fixtures & Equipment is included. The rent is far below market at only $.83 a Sq Ft. Currently seats 44 but room to expand. There is still over 800 sq ft needing to be built out. Landlord will complete this build out once escrow closes. The cooks line is fully equipped with walk-in refers at either side, three deep fryers a flat grill and a nice big Type I hood system. The location is centrally located near an abundance of college housing with a tremendous amount of both vehicle and foot traffic. This is a stand alone building with plenty of off street parking in the dedicated parking lot The kitchen is set up to convert to most any concept with plenty of prep space. In addition to the 3600 sq ft restaurant there is an additional 200 sq ft storage facility located on premise. This is an excellent chance to start your own restaurant without the very expensive build out cost. The lease is only $3000 month plus NNN. The term is three years with a three year option to renew.

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Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
3 Year with 3 Year Option
Total Monthly Rent:
$3,000
Security Deposit:
$4,500

Operations

Hours Open:
Currently Closed
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
# of Parking Spots:
22
Inside Sq. Ft.:
3,600

Highlights

  • Next to Chico State University
  • Over 3600 Sq Ft
  • Base Rent of $3000
  • Type I Hood System
  • Walk In Refer & Walk In Freezer
  • Located in the Hub of College Rentals
  • Equipment in Great Condition
  • Bring Your Own Concept
  • Tons of Foot & Car Traffic
  • Converts to Most Any Concept
  • Only .83 cents a Sq Ft

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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