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#529
Chico Restaurants For Sale

Landmark Restaurant & Bar: Steak, Seafood and Hard Liquor License

$150,000
Landmark Restaurant & Bar: Steak, Seafood and Hard Liquor License
This Listing is Expired
This landmark steak and seafood restaurant and bar has operated for nearly fifty years. Offering a full liquor license and bar separate from the restaurant with a large open dining area and private banquet room, makes this a great place for family gatherings and corporate events. Located just forty-five minutes north of Sacramento in one of the fastest growing cities in the area, this restaurant is the perfect family run business. The restaurant is on a busy corner and on the path to immense commercial and residential growth. The building has just under 4000 Sq Ft and stands alone. There are 50 parking spaces and a private banquet room. It seats about 150 patrons inside including a large lounge that seats about 35. The lease still has 7 years left on it with negotiable options. Monthly rent is $3000. Lessee pays the Taxes, Insurance and Maintenance with no NNN collected by the landlord. Over the past year sales have grown from $25,000 per month to over $35,000 per month. The owner, who recently came from the Bay Area, has not adapted to the local weather conditions and wants to move back. The bar area can easily be used as a sports bar for the locals.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
7yrs + neg Option
Total Monthly Rent:
$3,000

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
10
# of Family Employees:
2
Hours Open:
Lunch: M-F 11-2
Dinner: 7days 5-9/10
Year Established:
1950
Hood System Type 1:
Yes

Facilities

Indoor Seating:
150
# of Parking Spots:
50
Inside Sq. Ft.:
4,000

Highlights

  • Landmark Restaurant
  • Type 47 hard Liquor License Included
  • Seats Approx. 150 Patrons
  • Stand Alone Building
  • 50 Parking Spaces
  • Approx. 4000 Square Feet
  • $3000 a Month Rent
  • Great Family Operation
  • Owner Relocating
  • Large Bar Area - Perfect Sports Bar!
  • Large Corner Lot

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 37,203 37,619
Households 3-mi. 5-mi
2010 Number Of Households 11,734 12,028
2010 Persons Per Household 3.05 3.04
Median House Value $230,300 $230,251
Income Per Household $64,011 $63,837
Businesses 3-mi. 5-mi
2009 Number Of Businesses 559 569
2012 Number Of Employees 14,524 14,696
2012 Total Annual Payroll $250,434,000 $254,732,000

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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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