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#3412
Chico~Yuba City

Free Standing Restaurant with Hard Liquor License in Chico, CA

$175,000
Sold
Free Standing Restaurant with Hard Liquor License in Chico, CA
This Listing is Sold

This is a stand alone restaurant located in the beautiful college town of Chico, CA known for its wonderful Bidwell Park, and has the diversity and benefits of a university.    It is a turnkey restaurant and bar with a full liquor license, plenty of parking and a large fully landscaped patio covered by shade trees in the evening, perfect for events such as weddings and parties. 

Large prep kitchen with walk-in refrigeration and walk-in freezer.  Ample storage, work tables and sinks.  Cooks line has a 14 foot hood with up-to-date Ansul system.  Comfortable bar area with 5 flat screens.  Type 47 liquor license, serving draft and bottle, specialty drinks and wine.

This is a unique restaurant with over 5000 sq ft. plus an outside patio with seating for 125.  This was a former ranch house and was converted into a restaurant and now offers a fine dining, yet casual operation.  Serving steaks, seafood, pasta, chicken and the best burgers in town!   Also a bar menu for casual dining.  Kitchen currently open Tuesday through Saturday for dinner and Tuesday through Friday for happy hour.  A new owner could increase gross sales by opening Sunday and Monday, breakfast, lunch, and/or brunch.  Restaurant is located in area of new growth of apartments, housing and business.  The owners are also the landlords.  They want to find an operator with experience.  For more information and pictures take the next step…….

 

This is a Paramount Restaurant Brokers, inc. Listing. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico~Yuba City
Lease Term:
New Lease - 5 yr + 2- 5 yr options Call For Details
Security Deposit:
$6,000

Financials

Last Year's Annual Gross:
$661,528
Last Year's Owner's Cash Flow:
$40,816
Last Year's Food Cost %:
37.98%
Last Year's Rent %:
14.77%

Operations

Liquor License:
47
# of Full-Time Employees:
1
# of Part-Time Employees:
22
# of Family Employees:
2
Hours Open:
Happy Hour 4-6PM Tue-Fri
Dinner 5 till close Tue-Sat
Year Established:
2008
Hood System Type 1:
Yes

Facilities

Indoor Seating:
166
Outdoor Seating:
125
# of Parking Spots:
70
Inside Sq. Ft.:
5000
Outside Sq. Ft.:
1800

Highlights

  • Free Standing Building with over 5000 sq. ft.
  • Close to new City Park and large Apartment Complex
  • Opportunity for Growth in Sales
  • Outside Garden Patio, great for Weddings, Rehearsal DInners, Reunions, etc
  • Complete Turn Key Opportunity with Extras, 20 x 60 ft Tent Included
  • 150K Refurbish in 2008
  • Full Bar with type 47 Liquor License
  • Great and Stable Customer Base

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%%
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 34,754
Households 5-mi
2010 Number Of Households 12,739
2010 Persons Per Household 2.48
Median House Value $280,100
Income Per Household $55,426
Businesses 5-mi
2009 Number Of Businesses 716
2012 Number Of Employees 12,924
2012 Total Annual Payroll $267,012,000

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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