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#584
Chico Restaurants For Sale

Sub Franchise Located in Strip Mall by High School

$59,000
Sub Franchise Located in Strip Mall by High School
This Listing is Expired
Owners are retiring. Great opportunity to own an established franchise for a low cost. Owners are very motivated to sell. Located next to the High School this Quick Service restaurant has operated for nearly ten years. This 1,380 Sq. Ft. facility seat 38 inside and 6 outside. Rent is $2,328 a month including CAM. The franchise is requiring approx.$25K in upgrades that the Seller will pay for at the close of escrow. There is a lot of growth opportunity in Northern California for this franchise. Some corporate training is required. There is no franchise transfer fee for the buyer. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
Regional Manager Steve Demaggio DRE License #01722979

Lease

Region:
Chico Restaurants For Sale
Lease Term:
New Lease to buyer
Total Monthly Rent:
$2,328

Operations

Liquor License:
N/A
# of Part-Time Employees:
8
Hours Open:
Mon-Sat 9am-8pm
Sun 11-7
Year Established:
1997
Hood System Type 1:
Yes

Facilities

Indoor Seating:
38
Outdoor Seating:
7
Inside Sq. Ft.:
1,380

Highlights

  • Quick Service Franchise
  • Across from High School
  • Make an Offer
  • Sellers Will Pay $25K in Mandatory Upgrades
  • Buyers Gets a Newly Remodeled Store
  • 1380 Square Feet
  • $2328 a Month Rent Includes CAM
  • Type II Hood System
  • Only 5 1/2 % Royalties to Franchisor
  • Located in Strip Mall
  • Lot of Growth Potential
  • Owner Retiring

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

click for more demographic info

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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