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#445
Chico Restaurants For Sale

LARGE NIGHTCLUB IN AREA OF BOOMING GROWTH

$110,000
Sold
LARGE NIGHTCLUB IN AREA OF BOOMING GROWTH
This Listing is Sold
Large bar/nightclub in an area of tremendous growth and redevelopment. This bar/club needs an owner who will promote the business. This stand alone facility has plenty of parking and a base rent of only $2500. Included in the sale are a type 48 liquor license ($40K value) and all the equipment including pool tables and the juke box. The landlord has maintained the building very well and the equipment is in great condition. Owners are full time military making this bar absentee run. Seller is very motivated and willing to offer the buyer a rent credit. Also the owner has just contracted with Sleep Train Amphitheatre to host the talent at his bar which has proven to extremely effective. Asking only $110K this is an excellent chance to own your own club. Located just a short drive north of Sacramento and experienced bar/club owner could manage this one remotely with the right management.

Seller will give buyer a $10K rent credit based on a full price offer.2500 for 1st two yrs then $200 increase annually. Seller wants option to terminate lease after 1st 5yr term
NNN lease possible CAM. Landlord to take care of roof replacement
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:
5+5
Total Monthly Rent:
$2,500
Security Deposit:
$3,300

Operations

Liquor License:
48

Facilities

Inside Sq. Ft.:
4,800
Outside Sq. Ft.:
4800

Highlights

  • 4800 Sq.Ft. NIGHTCLUB
  • GREAT LOCATION W/PLENTY OF PARKING
  • TYPE 48 LIQUOR LICENSE INCLUDED
  • HUGE DANCE FLOOR
  • EXCELLENT GROWTH POTENTIAL
  • ONLY $2500 A MONTH RENT
  • THIS IS A MUST SEE OPPORTUNITY
  • JUST OFF HIGHWAY.
  • PRICED BELOW MARKET
  • ASKING ONLY $110,000
  • 30 MINUTES FROM SACRAMENTO AREA
  • RENT CREDIT TO BUYER

Financing

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

Demographics

Population 5-mi
2014 Total Population 32,539
Households 5-mi
2010 Number Of Households 11,029
2010 Persons Per Household 2.78
Median House Value $154,600
Income Per Household $40,260
Businesses 5-mi
2009 Number Of Businesses 509
2012 Number Of Employees 13,010
2012 Total Annual Payroll $222,652,000

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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