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#888
Chico Restaurants For Sale

Franchise with Great Cash Flow in Mall Location; Easy to Operate

$150,000
Sold
Franchise with Great Cash Flow in Mall Location; Easy to Operate
This Listing is Sold
Looking for good cash flow with very little work. These two franchises have the best location in the food court for more than ten years. The current owner works approx. 10 hours a week. A hands on owner/operator could expect to to save a generous portion of the current labor. This space is 662 Sq Ft with a Gross Rent of $4550.83 a month. This is a great chance to slow down without taking a cut in pay. After ten years the owner is retiring and looking for a quick sale. Csh flow ovver $73K in 2007 this is a steal. With the right buyer this business will qualify for an SBA loan.

Please select one of the bright orange buttons below to get the name and address of this business along with more photos. It requires one to register, which costs nothing. All that's needs is an e-mail address, name, address and phone contact to register. Simple as that!
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:
Lease Expires Jan 31st 2010
Total Monthly Rent:
$4,551

Financials

Last Year's Annual Gross:
$266,807
Last Year's Owner's Cash Flow:
$73,357
Last Year's Food Cost %:
43.28

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
4
Hours Open:
Mon-Sat 10-9pm
Sun 11-6
Year Established:
1997
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
662

Highlights

  • Easy to Run Franchise in Mall Location
  • Owner Retiring After 10 Years
  • Excellent Food Court Location
  • 662 Sg Ft
  • Gross Rents $4550.58
  • Sales Were $266,807 in 2007
  • Cash Flow was $73,357 in 2007
  • Almost Absentee Run
  • Owner Works about 10 Hours a Week
  • SBA Financing Available

Financing

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

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,773 73,162
Households 1-mi. 5-mi
2010 Number Of Households 14,480 29,899
2010 Persons Per Household 2.43 2.38
Median House Value $294,600 $281,965
Income Per Household $45,224 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,185 2,197
2012 Number Of Employees 32,876 59,120
2012 Total Annual Payroll $510,887,000 $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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