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#708
Chico Restaurants For Sale

Ground Floor Opportunity in Prime Downtown Location

$65,000
Sold
Ground Floor Opportunity in Prime Downtown Location
This Listing is Sold
Excellent opportunity to become part of this healthy, sustainable restaurant concept. Seller is looking for owner/operators on a licensing agreement to become part of this very popular and already running concept. Included in the price is a store remodel by the seller, initial and ongoing training and support of this healthy concept. Current sales for this existing location have well exceeded $300K in the near past and nearly $300K last year. The business plan is already done and the footprint has proven profitable in the sellers other stores of the same name and idea. This prime downtown location has a Type I Hood system an excellent street frontage. The facility is 1400 Sq Ft with a 300 Sq Ft patio in front. The main restaurant seats 40 patrons while the patio seats 15 more. Monthly rent is $1920 plus NNN. The lease has 2 years remaining with a five year option. This is an easy to manage business currently open only for lunch. Take the next step to register and complete the online confidentiality agreement to get the restaurant name and address. Also you'll be given previews to our new listings in the future when you register, giving you the greatest chance to �scoop in� the best opportunities as they become available.
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:
2yr remaining +5yr option
Total Monthly Rent:
$1,920
Security Deposit:
$1,846

Financials

Last Year's Annual Gross:
$274,232
Last Year's Food Cost %:
38.56
Last Year's Payroll Cost %:
34.17

Operations

Liquor License:
41
# of Part-Time Employees:
10
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
15
Inside Sq. Ft.:
1,400
Outside Sq. Ft.:
300

Highlights

  • Super Hot Organic Concept
  • 1400 Sq Ft plus Patio
  • $1920 Monthly Rent
  • Seller to Remodel Facility for Buyer
  • Prime Downtown Location
  • Great Street Frontage Patio
  • Turn-key Restaurant
  • Priced for Quick Sale
  • Ongoing Training and Support
  • Lease Has 2 Yrs Remaining w/5 Year Option
  • Ground Level Opportunity
  • Looking for Owner/Operators on Licensing Agreement

Financing

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

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

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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.


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