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#4042
Chico Restaurants For Sale

Profitable Coldstone Ice Cream Franchise in Great Chico Location

$149,000
Profitable Coldstone Ice Cream Franchise in Great Chico Location
This Listing is Expired

This is an Easy to operate business and is located in the heart of downtown in a fantastic street corner location.

This is a highly sought after location with huge walking and drive by traffic...If you're looking to be in one of the hottest areas in one of the best locations in that hot area...you've found it! This location is on a super busy corner facing two major streets in this prime downtown area.

This is a Beautiful area of Northern California with a 2012 population of around 86,000 residents. Lots of nearby activities and culture in this Northern California city. This is a family friendly city with a great parks system and UC nearby.

There is seating for 20 and a huge service counter to handle a the patrons with ease. It also has Great street appeal and interior appeal as well. The interior is this location is well done and has very high period authentic ceilings...this is a quality looking establishment.

The back end has walk ins and alll the necessary equipment.

Lease is reasonable @ $3,931.77 for 2,060 sqf.

Sellers shows a a profit  on taxes and as an owner operator seller states a new owner could make an income of over $60K...this is only an estimate and many factors can and will affect actual income figures.

Seller has priced this right, but will consider offers for the well priced Franchise.

Buyer will need to qualify for lease and franchise...finanicals availle upon quaification of buyer.

Reason for selling: partnership has other interests

a Paramount Restaurant Brokers, inc. Listing

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
Chico Restaurants For Sale
Lease Term:
Expires May 31st, 2014 + Two 5 year options
Total Monthly Rent:
$3,932
Security Deposit:
$2,500

Financials

Last Year's Annual Gross:
$293,923
Last Year's Owner's Cash Flow:
$51,847
Last Year's Food Cost %:
21
Last Year's Payroll Cost %:
23
Last Year's Rent %:
14

Operations

# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
12 pm to 11pm
7 days

Facilities

Indoor Seating:
20
Inside Sq. Ft.:
2,060

Highlights

  • Popular Ice Cream Franchise
  • Corner location
  • Prime downtown market area
  • Profitable

Financing

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

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,773 73,162
Households 1-mi. 5-mi
2010 Number Of Households 14,480 29,899
2010 Persons Per Household 2.43 2.38
Median House Value $294,600 $281,965
Income Per Household $45,224 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,185 2,197
2012 Number Of Employees 32,876 59,120
2012 Total Annual Payroll $510,887,000 $1,017,997,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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