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#474
Chico Restaurants For Sale

Very Busy Family Style Restaurant In An Excellent Location

$179,000
Sold
Very Busy Family Style Restaurant In An Excellent Location
This Listing is Sold
This is a must see business. Currently absentee run this is one of the busiest restaurants in town. Serving breakfast, lunch & dinner this is a local favorite. With sales of $770K in 2005 and a cash flow of $84K this is an excellent opportunity to be your own boss and make a good income. this 4200 Sq. Ft. facility leases for only $2500 a month.
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:
1.5 yrs remaining +neg
Total Monthly Rent:
$2,500

Financials

Last Year's Annual Gross:
$769,430
Last Year's Owner's Cash Flow:
$84,078
Last Year's Food Cost %:
41.09
Last Year's Payroll Cost %:
28.10

Operations

Liquor License:
41
Hours Open:
7 days Breakfast Lunch & Dinner
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
4,200

Highlights

  • $769430 IN SALES FOR 2005
  • OVER $80K IN CASH FLOW
  • ABSENTEE RUN
  • 4200 Sq.Ft.
  • $2500 A MONTH BASE RENT
  • LOCAL FAVORITE
  • SMALL COMMUNITY
  • A DEAL LIKE THIS WON
  • CHARMING TOWN IN BEAUTIFUL SETTING

Financing

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

Demographics

Population 5-mi
2014 Total Population 30,344
Households 5-mi
2010 Number Of Households 11,156
2010 Persons Per Household 2.53
Median House Value $182,600
Income Per Household $39,934
Businesses 5-mi
2009 Number Of Businesses 604
2012 Number Of Employees 15,276
2012 Total Annual Payroll $296,139,000

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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