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#351
Chico Restaurants For Sale

Premier Restaurant and Bar located in Chico

$795,000
Sold
Premier Restaurant and Bar located in Chico
This Listing is Sold

This is one of those rare restaurant sales in one of Northern California's fastest growing cities that would please even the most demanding restaurant buyer. The restaurant and bar are situated on a corner in a beautiful updated downtown area with the lease having three years remaining and two-five year options. This restaurant caters to both the professional and casual clientle. It's the local meeting place where deals are done, relationships built, families come together and people unwind for the day. Its common to hear people say, I'll meet you at the Black Crow!


This restaurant and bar sets the standard for freshness, quality, service, and consistency. Sauces are made daily; meats cut by hand and food and drink choices tweaked each day just to spark the curiosity of its customers. An exceptionally well-trained management staff professionally manages the business and its systems. The staff runs the daily floor and kitchen operations with complete profit and loss accountability. They know the finer points between good and great service and will stay with the restaurant if the new owner desires. There are 13 general manager shifts per week, of which the owner fills 3 of them.

This restaurant, which has been open seven years, has three years of impeccable and consistent financials with Gross Sales of nearly $1.9 million each year and 16.5% adjusted net profit for 2003. Financing with approximately 10% down is possible for a qualified buyer.

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

Financials

Last Year's Annual Gross:
$1,800,000
Last Year's Owner's Cash Flow:
$304,000

Highlights

  • Seats 110
  • Sq. Ft. 5,400
  • Lease Expires 2007 with 2x5 yr Option
  • Established in 1997
  • Annual Gross Sales: $1,865,000
  • Adj. Net Profit: $307,000
  • Monthly Rent is $6,000/Month or 3.9%
  • Average Inventory: $37,000+Supplies
  • 2 Full-Time Managers + Head Chef
  • SBA Financing available

Financing

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

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

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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