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#261
Chico~Yuba City

Fast Food Mexican 18 yrs in operation

$150,000
Sold
Fast Food Mexican 18 yrs in operation
This Listing is Sold

Long standing Mexican fast food restaurant located near the University for over 18 years. This restaurant has won numerous "Best of" Awards for best fast food Mexican. Rent is $1 per sq. foot and there is 1900 sq. ft. 5 years remain on the lease and landlord will consider a longer lease. Seller is 60+ and is retiring.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico~Yuba City
Lease Term:
5 yrs remaining
Total Monthly Rent:
$1,902

Financials

Last Year's Annual Gross:
$313,534
Last Year's Owner's Cash Flow:
$54,220
Last Year's Food Cost %:
40.8
Last Year's Payroll Cost %:
17.1
Last Year's Rent %:
7

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
10
Hours Open:
7 days; Lunch and Dinner
Year Established:
1987

Facilities

Indoor Seating:
35
Outdoor Seating:
30
# of Parking Spots:
19
Inside Sq. Ft.:
1900
Outside Sq. Ft.:
300

Highlights

  • Mexican Cafe Style Restaurant
  • Rent $1902
  • Sq. Ft. 1900
  • Outside covered patio
  • In business for 18+ yrs
  • seats 35 inside; 30 outside
  • 19 parking spaces
  • 3 full-time employees
  • 10 part-time employees
  • Beer and Wine License included
  • Near University

Financing

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

Demographics

Population 5-mi
2014 Total Population 34,754
Households 5-mi
2010 Number Of Households 12,739
2010 Persons Per Household 2.48
Median House Value $280,100
Income Per Household $55,426
Businesses 5-mi
2009 Number Of Businesses 716
2012 Number Of Employees 12,924
2012 Total Annual Payroll $267,012,000

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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