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#587
Chico Restaurants For Sale

Prime Location Steps from University

$55,000
Prime Location Steps from University
This Listing is Expired
This is the one you've been waiting for; prime downtown location just steps from the University. At only $3000 a month this 1880 Sq Ft facility also has a 300 Sq Ft back patio. Seating 50-60 patrons inside this espresso bar offers hand made pastries, sandwiches, salads, vegetarian options and beer & wine. Currently closed in the evening the owner will open up on occasions for live entertainment. The kitchen has a Type I hood system and a small saut� station with grease trap installed. The dining area offers wireless internet, windows that open to the street and a very cool environment to gather with friends. Owner is very motivated to sell.
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:
New Lease for New Tenant
Total Monthly Rent:
$3,000
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$148,990
Last Year's Food Cost %:
45.16
Last Year's Payroll Cost %:
32.03

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
6
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
54
Outdoor Seating:
12
Inside Sq. Ft.:
1,880
Outside Sq. Ft.:
300

Highlights

  • Prime Downtown Location
  • Steps from the University
  • 1880 Sq Ft plus 300 Sq Ft Back Porch
  • $3000 Month Rent Includes NNN
  • Type I Hood System
  • Wireless Internet Cafe
  • Security System
  • Espresso Cafe
  • Needs Your Concept and Experience
  • Priced to Sell
  • Lots of Growth Potential

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

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

click for more demographic info

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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    Lease:  
    Expires Oct. 1, 2024 with two 5 year options
    Monthly Rent:  
    $5,600
    Annual Revenues:  
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    Annual Adj. Net:  
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    Square Feet:  
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