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#406
Chico Restaurants For Sale

Free Standing Restaurant Located on High Traffic Corner

$133,000
Sold
Free Standing Restaurant Located on High Traffic Corner
This Listing is Sold
This Chinese family restaurant is in a stand alone building located in one of the fastest growing areas in Northern California. It could be converted to Indian, Mexican, French, Italian or any concept you want. It currently has five employees and is fully equipped for Chinese restaurant or convert to any new concept. Building has 3,000sq. ft. for $3,000 base rent. Landlord will consider new long-term 10+10 year lease. The restaurant is located in a high traffic location of the city and has a convenient parking lot around the building. Seller is moving to East Coast and must sell immediately. A buyer could convert to a drive through restaurant with city approvals, permits and improvements.
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
Lease Term:
New 10+10 Available
Total Monthly Rent:
$3,000
Security Deposit:
$3,000

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Family Employees:
1
Hours Open:
Mon-Thurs 11am to 9pm
Fri-Sat 11an to 9:30
Sunday 12pm to 9pm
Year Established:
1998

Facilities

Indoor Seating:
100
Inside Sq. Ft.:
3,000

Highlights

  • 2 years reminding on Lease Term.
  • Plus one 5 years renewal option.
  • Structure has 3000sq/ft for $3,000 base rent.
  • Restaurant located on highly traffic location of the city
  • Convenience parking lot around the building.
  • Fully equipped for Chinese restaurant.
  • Convert to any new concept.

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 42,580 70,570
Households 3-mi. 5-mi
2010 Number Of Households 13,887 21,854
2010 Persons Per Household 2.90 3.05
Median House Value $162,400 $163,749
Income Per Household $42,589 $43,885
Businesses 3-mi. 5-mi
2009 Number Of Businesses 910 1,032
2012 Number Of Employees 20,156 22,388
2012 Total Annual Payroll $366,923,000 $400,954,000

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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