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#1320
Chico Restaurants For Sale

Amazing Concept: Established Business Focuses on Healthy Lifestyle Dining

$150,000
Amazing Concept: Established Business Focuses on Healthy Lifestyle Dining
This Listing is Expired
Selling Restaurants presents this excellent opportunity to become part of this healthy lifestyle, sustainable restaurant concept. Seller is looking for owner/operators on a licensing agreement to become part of this very popular and already running concept. The facility is in great shape in a very upscale location. Sales are strong and up 5-6% over last year despite the bad economy. The restaurant has both Type I & Type II hood systems and plenty of seating for up to 70 inside and 70 on the outside patio. Sq Ft. is approx 3000 +-. Base rent is only $4272 a month plus NNN. The rent factor is only 7.6% due to the great sales.

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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:
Expires Dec 31st 2010 + Two 5 yr Options
Total Monthly Rent:
$4,273
Security Deposit:
$4,200

Financials

Last Year's Annual Gross:
$573,328
Last Year's Owner's Cash Flow:
$54,608
Last Year's Food Cost %:
39.2
Last Year's Payroll Cost %:
34.5
Last Year's Rent %:
12.4

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
19
# of Family Employees:
1
Hours Open:
Daily 11-8:30 pm
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Outdoor Seating:
70
Inside Sq. Ft.:
3000 +-

Highlights

  • Healthy Concept
  • Strong Sales: Sales up from 2007
  • Beautiful Location & Facility
  • Great Owner Operator Business
  • Type I & Type II Hood Systems
  • Base Rent $4272.58 Month
  • Seller to Provide Continual Support through Licensing Agreement
  • Very Low Licensing Fees
  • Seats 70 Inside & 70 Outside
  • Type 41 Beer & Wine License Included
  • Showing a Great Profit
  • Average Monthly Gross in 2008 is $62,500

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

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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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