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#574
Chico Restaurants For Sale

High Volume Diner Located in Northern California

$349,000
High Volume Diner Located in Northern California
This Listing is Expired
High volume diner in small town. Currently an absentee run restaurant this place exceeded $1.3 million in sales in 2006. Serving breakfast, lunch & dinner this restaurant caters to locals, neighboring towns as well as travelers on Interstate-5. Current cost of goods sold is high, an owner operator could easily control this cost and significantly lower labor by taking a hands on approach. Last years cash flow was in excess of $191,000 (taking into account a COGS & labor reduction). The facility is approx. 2200 SqFt with a base rent of $2500 a month or 6% whichever is higher. There is also a Type 41 Beer & Wine license included in the sale. Possible SBA loan is available to a qualified buyer. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
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:
16 Months Remaining
Total Monthly Rent:
$2,500

Financials

Last Year's Annual Gross:
$1,381,735
Last Year's Owner's Cash Flow:
$191,000
Last Year's Food Cost %:
41.9
Last Year's Payroll Cost %:
27.1
Last Year's Rent %:
6

Operations

Liquor License:
41
# of Full-Time Employees:
15
# of Part-Time Employees:
16
Hours Open:
Daily Breakfast,Lunch & Dinner
Hood System Type 1:
Yes

Facilities

Indoor Seating:
89
Outdoor Seating:
40
Inside Sq. Ft.:
2,200

Highlights

  • High Volume Diner Restaurant
  • Sales Exceeded $1.3M in 2005
  • Approx. 2200 Sq Ft
  • Percentage Lease at 6% of Gross Receipts
  • Cash Flow Exceeding $191K in 2005
  • Absentee Run Business
  • Possible SBA Loan
  • Thriving Business with Little to no Competition
  • Small Town Living in Northern California
  • Perfect for Family Run Restaurant
  • Serving Breakfast, Lunch & Dinner
  • Excellent Sales History

Financing

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

Demographics

Population 5-mi
2014 Total Population 15,302
Households 5-mi
2010 Number Of Households 5,874
2010 Persons Per Household 2.68
Median House Value $228,700
Income Per Household $53,663
Businesses 5-mi
2009 Number Of Businesses 154
2012 Number Of Employees 1,416
2012 Total Annual Payroll $23,968,000

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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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