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#4100
Chico Restaurants For Sale

Cash Cow In The Heart of College Town! SBA Loan Available 20% Down!

$525,000
Sold
Cash Cow In The Heart of College Town! SBA Loan Available 20% Down!
This Listing is Sold

We're all looking for cash flow, right?  Tough to find real businesses with real books, right?  If you're one of those buyers looking for businesses with cash flow and real books, then you need not go any further then this business. 

ANNUAL CASH FLOW: $210,000.

ANNUAL DEBT SERVICE FOR SBA LOAN WITH 20% DOWN (5.5% for 10 years full Amortization): $55,000.

CASH REMAINING AFTER PAYING DEBT: $155,000!

$155,000 a year in this small college town makes for a great living for anyone. And all you need down is $105,000, restaurant management experience and good credit and I'll get you an SBA loan!

This broker just closed an SBA deal with liquor license in 60 days with a solid buyer!  Give me a call!

LOCATION

First, the location is one of the best in this great downtown area in the heart of this college town that's teeming with activity and events.  Anything happening in this town starts right in front of this restaurant. From farmers markets to town holiday parades, the crowd is at the restaurant's doorstep, helping brand this business. The building is gorgeous too! 

MANAGEMENT TEAM
Second, the management team is well-trained professionals with great attitudes. The service is upbeat, refreshing and fun and always delivered with a smile. This team has earned the restaurant a 4+ star rating on YELP and GOOGLE+.

MENU
Third, the menu is unique as are the flavors and tastes of the food with spices from around the world used in their foods. The beer selection is equally fancy with unique import and domestic beers. This restaurant serves delectable focaccia sandwiches and gourmet pizzas along with out of this world salads and soups with fresh ingredients brought in each day. The menu is simple and designed to reduce the number inventory items carried in the restaurant resulting in food cost consistently being in the 25% range.

AMBIENCE
The high ceilings, the artwork and the colors throughout the restaurant as well as the views of the streets in this small town give this restaurant a unique ambience not found at any other restaurant in the area. The restored old brick building helps its patrons feel like they've traveled back in time, when life was slower and the dining experience was a gathering of old friends with lots of laughter and plenty of food and drink. 

LEASE

We’re going to get you a new lease with at least 10 a year term. The landlord is friendly and cooperative. The rent will be about $4,700 a month including the NNN/CAM costs. That’s about a 7% or so rent factor!

REASON FOR SELLING

After 12 great years of owning and operating this Restaurant, the entrepreneurial spirit of the owners are ready for their next adventure. 

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
Lease Term:
New lease
Total Monthly Rent:
$4,635
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$780,716
Last Year's Owner's Cash Flow:
$209,057
Last Year's Food Cost %:
25.1
Last Year's Payroll Cost %:
26.9

Operations

Liquor License:
41
# of Part-Time Employees:
24
# of Family Employees:
2
Hours Open:
M-Th 11:00 am-8:30pm
F-Sat 11:00 am-9:00pm
Sun. 11:00 am-5:00pm
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
81
# of Parking Spots:
Parking Structure
Inside Sq. Ft.:
3,471

Highlights

  • Beer and Wine License
  • Downtown Location Sitting Next to University
  • 12 Years in Business
  • General Manager in Place
  • Well Trained Staff
  • Wide and Unique Selection of Import and Domestic Beers
  • Sandwiches, Soups and Salads
  • Easy To Operate
  • Center of All That's Happening
  • Beautiful Building - Completely Restored Brick

Financing

Down Payment:
$105,000
Will SBA Finance:
No
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

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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