Chico Restaurants For Sale
Bar w/Kitchen w/Real Estate - Type 48 License!
To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."
Great Owner Operator Opportunity "Bar and Restaurant" with"Real Estate" Opportunity.
Butte County, CA. City of Oroville
Purchased in 2003 the property has been used as a successful Bar and Restaurant for a for over 10 years.
The owner of the real estate stepped back in and just re-opened the former bar they had much success with, to make it easy for a buyer to step into an operating business.
Includes:
Fresh Upgrades to the Interior and Exterior include new paint inside and out, flooring, stage, New HVAC, Security system and
fresh 48 ABC license are all in place.
Freestanding structure on a Corner lot with Parking lot close to downtown area.
Not much in the way of competition either.
Sellers ran the operation very successfully as a popular Bar serving food prior to moving out of the area and have recently re-opened under the same name.
Upside:
- Property has its own parking lot and addl. street parking.
- Roof only 3 years old...
- Amenities include Kitchen with Ansul Hood system
- Kitchen is currently not in use as Sellers have full time jobs outside the area
- Clientele are consistently asking when the kitchen will re-open...Huge upside!
- Sales are steady with semi Absentee ownership and covering costs
- Office
- Large outdoor patio with covered seating area.
The building was built in 1944/1960
Gross Building area is 3,496 sq. ft.
Lot size is 0.32 Acres/13,939 sq. ft..
Sales: Just re-opened in May 2016...for the ease of transfer to the new owner
Sellers Willing to consider Offers!
Sellers will consider $250K down with a seller note on a $349K price or $329K best cash Offer!
Sellers have consolidating assets and live out of the area, so they are willing to look at offers if you act quickly...so don't delay...this is a rare opportunity!
Go to SellingRestaurants.com to get the location of this property along with photos.
Restaurant Broker Scott Beaton DRE License #01853968
Lease
Operations
Facilities
Highlights
- Free Standing building
- private Parking lot on property
- New Roof 3 years ago with 10 year warranty.
- Type 48 license in place
- Recently renovated
- Own an asset to sell later!
- Great Opportunity
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 31,055 | 31,292 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 11,789 | 12,020 |
| 2010 Persons Per Household | 2.57 | 2.57 |
| Median House Value | $158,300 | $158,861 |
| Income Per Household | $42,555 | $42,619 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 329 | 336 |
| 2012 Number Of Employees | 9,262 | 9,290 |
| 2012 Total Annual Payroll | $177,478,000 | $177,946,000 |
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.
#6426Profitable Mexican RestaurantLease:Expires Oct. 1, 2024 with two 5 year optionsMonthly Rent:$5,600Annual Revenues:$824,767Annual Adj. Net:$198,338Square Feet:3,000