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#554
Chico Restaurants For Sale

First Class Expresso Bar and Cafe

$121,700
Sold
First Class Expresso Bar and Cafe
This Listing is Sold
Owner wants out of this growing upscale espresso/coffee cafe. Rare opportunity for a turn-key cafe in an up-scale area. Sales show consistent growth over the past three years. This place is beautiful inside and out. The inside seats approx. 27 people in its 1350 SqFt while the well appointed patio seats another 24 patrons. The equipment is in nearly new condition and the facility looks new. Operating for over five years now the almost absentee owner has decide to move on. There is a small type II hood, newly installed grease trap and water softener system in place. Only open during the day a new owner could expand on this already successful business by adding dinner.
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:
2yr remain + neg. option
Total Monthly Rent:
$1,485

Financials

Last Year's Annual Gross:
$269,920
Last Year's Owner's Cash Flow:
$60,879
Last Year's Food Cost %:
28.1
Last Year's Payroll Cost %:
27.6
Last Year's Rent %:
6.9

Operations

Liquor License:
n/a
# of Full-Time Employees:
1
# of Part-Time Employees:
7
Hours Open:
Mon-Fri 6am - 3pm
Sat-Sun 7am - 3pm
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
27
Outdoor Seating:
24
Inside Sq. Ft.:
1,350
Outside Sq. Ft.:
500

Highlights

  • First Class Expresso Bar & Cafe
  • Located in an Upscale Area
  • Equipment is Nearly New
  • Beautiful Outside Patio
  • Sales are Growing Consistently
  • 1350 Sq Ft Inside
  • $1.10 a Sq Ft
  • Established Business
  • Facility Looks Brand New
  • Absentee Owner
  • Great Opportunity for Growth
  • Open from 6am - 3pm Daily

Financing

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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