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#426
Chico Restaurants For Sale

THE PERFECT BIKER BAR! WITH REAL ESTATE & APARTMENT

$405,000
Sold
THE PERFECT BIKER BAR! WITH REAL ESTATE & APARTMENT
This Listing is Sold
This long standing bar is just about the only watering hole in town. Ideal biker bar set-up. Real Estate included this bar is resting on a double lot: the bar is 2000sq. ft with an attached apartment of approx. 850sq ft. This bar also has an enclosed smoking area that is permmited by ABC. Everything in this bar has been improved over the past few years from new wiring and plumbing to tables, chairs, stage for live music and karaoke to the dance floor and interior wood siding. A small kitchen with walk-in, ice machine and commercial sinks would be perfect to provide patrons with deli style lunches and traditional pub food. Currently not offering any food this is an untapped income source. The apartment has good rental history of $550 a month. The Real Estate is included in this country bar making it a great investment for both the owner operator as well as an investor looking for cash flow whiles his/her property appreciates.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico Restaurants For Sale

Financials

Last Year's Annual Gross:
$167,829
Last Year's Food Cost %:
49.02
Last Year's Payroll Cost %:
22.7

Operations

Liquor License:
48
# of Part-Time Employees:
3
# of Family Employees:
1
Hours Open:
12noon until done 7days
Year Established:
1960
Hood System Type 1:
Yes

Facilities

Indoor Seating:
75
# of Parking Spots:
50
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
850

Highlights

  • EXCELLENT INVESTMENT OPPORTUNITY
  • WELL ESTABLISHED BAR WITH GOOD INCOME
  • LARGE APARTMENT FOR EXTRA INCOME
  • TYPE 48 HARD LIQUOR LICENSE INCLUDED
  • RECENTLY RENOVATED INSIDE
  • BIKER BAR CLASSIC
  • LIVE MUSIC, POOL TABLES, KARAOKE, DANCING
  • REAL ESTATE INCLUDED
  • UNLIMITED PARKING
  • GREAT CASH FLOW
  • TURN-KEY BAR
  • SMALL KITCHEN FOR LUNCH/APPETIZER MENU

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 15,992
Households 5-mi
2010 Number Of Households 5,445
2010 Persons Per Household 2.84
Median House Value $221,900
Income Per Household $41,738
Businesses 5-mi
2009 Number Of Businesses 248
2012 Number Of Employees 3,412
2012 Total Annual Payroll $55,746,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.

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