#433
Chico Restaurants For Sale

EXCELLENT LOCATION NEAR COLLEGE WITH TYPE 47 HARD LIQUOR LICENSE

$90,000
Sold

This is an excellent location catering to the college population as well as families. This facility has approx. 2400 Sq.Ft as well as a small patio that seats about 16 people. Current rent is $2400 + $300 NNN. There is also a type 47 hard liquor license included in the sale (valued at $35000). A full cook’s line, 10 beer tap long draw system, walk-in refrigerator and six televisions. Currently doing $30K a month in sales this place needs an owner operator to oversee the operation. This restaurant also has a P.O.S. system and 12Ft. hood. After 4 years the owner wants out due to time constraints.

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:

new lease with new tentant

Total Monthly Rent:

$2,400

Financials

Last Year's Annual Gross:

$407,958

Last Year's Owner's Cash Flow:

$40,391

Last Year's Food Cost %:

41.9

Last Year's Payroll Cost %:

30.7

Operations

Liquor License:

# of Full-Time Employees:

# of Part-Time Employees:

Hours Open:

7 days a week
11:00 to 10:00p.m.Mon -Thur
11:00 to 11:00p.m. Fri & Sat
10:00 to 10:00p.m. Sundays
including Sunday brunch

Year Established:

2002

Facilities

Indoor Seating:

Outdoor Seating:

# of Parking Spots:

Inside Sq. Ft.:

2,400

Highlights

EXCELLENT LOCATION NEAR COLLEGE
TYPE 47 HARD LIQUOR LICENSE INCLUDED
10 TAP LONG DRAW SYSTEM
P.O.S. SYSTEM
STAND ALONE BUILDING
DEDICATED PARKING LOT
DINING ROOM SEATS 68 /PATIO SEATS 16
EASILY CONVERTS TO SPORTS BAR
HIGH VISIBILITY LOCATION

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

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

click for more demographic info

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.

Other Listings in the Area

#6426

Profitable Mexican Restaurant

Lease:
Expires Oct. 1, 2024 with two 5 year options

Monthly Rent:
$5,600

Annual Revenues:
$824,767

Annual Adj. Net:
$198,338

Square Feet:
3,000

Available
$175,000
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