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#742
Chico Restaurants For Sale

High Volume Nationally Recognized Franchise With Type 47 Hard Liquor

$479,000
High Volume Nationally Recognized Franchise With Type 47 Hard Liquor
This Listing is Expired
THIS IS A STEAL!
High volume National Franchise with great cash flow. Included in the sale are plans for a patio expansion of approx. 2000 Sq Ft. The cost of these approved plans was est at $10K alone. Located in Butte County and absentee run a hands on owner could grow this one even more. This is a very confidential sale. Buyer will need to pre-qualify prior to receiving name and address of business.
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:
7 yrs remaining + Two 5 yr Options
Total Monthly Rent:
$5,400
Security Deposit:
$5,000

Financials

Last Year's Annual Gross:
$909,375
Last Year's Food Cost %:
299718
Last Year's Payroll Cost %:
37.09
Last Year's Rent %:
7.1

Operations

Liquor License:
47
# of Full-Time Employees:
5
# of Part-Time Employees:
12
Hours Open:
Lunch & Dinner
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
88
Outdoor Seating:
24
Inside Sq. Ft.:
3,246
Outside Sq. Ft.:
300

Highlights

  • High Volume Franchise
  • Type 47 Hard Liquor
  • Absentee Run Store
  • Great Cash Flow
  • Tax Returns to support numbers
  • Possible Financing Avaiable
  • Established Franchise Brand
  • Approved Plans & Permit for Approx 2000 Sq Ft Patio Expansion
  • Owner May Carry Portion

Financing

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

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

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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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