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#569
Chico Restaurants For Sale

Established Franchise with Great Sales and National Recognition

$299,000
Established Franchise with Great Sales and National Recognition
This Listing is Expired
Great opportunity to own a successful nationally recognized franchise. This unit was opened in 1999 and has a proven sales history. This 2,764 Sq Ft facility is located on a very busy street in a large shopping center. There are also multiple anchor stores surrounding this restaurant. Rent is $5,995 including CAM. The facility has indoor seating for 60 guests and outdoor seating for 12 guests. This is an almost absentee run store with sales $709,373 in 2006. Owner is retiring and this store is priced to sell. These franchises usually sell for 50% of gross sales or more. A working owner can significantly increase profit by reducing labor and food cost to industry standards saving well over $100,000 a year. 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.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Chico Restaurants For Sale
Lease Term:
2yrs 2 Months remaining
Total Monthly Rent:
$5,995
Security Deposit:
$4,146

Financials

Last Year's Annual Gross:
$709,373
Last Year's Food Cost %:
45
Last Year's Payroll Cost %:
27
Last Year's Rent %:
10.47

Operations

Liquor License:
N?A
# of Part-Time Employees:
20
Hours Open:
9:00am 11:pm daily
Year Established:
1999

Facilities

Indoor Seating:
60
Outdoor Seating:
12
Inside Sq. Ft.:
2,764

Highlights

  • Nationally Recognized Franchise
  • Great Sales History
  • Almost Absentee Run Store
  • Easy to Manage Concept
  • Very Established Franchise
  • 2,764 Sq Ft
  • $5,995 monthly rent includes CAM
  • Owner Retiring
  • Priced Below Market For Quick Sale
  • Buyer Must Attend Corporate Training Program - Apprx. 6 weeks
  • Sales for 2006 $709,373
  • Sales are Growing

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%

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

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.


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