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#985
Chico Restaurants For Sale

Quick Service Franchise with Type 47 Hard Liquor License

$299,000
Quick Service Franchise with Type 47 Hard Liquor License
This Listing is Expired
This is a complete ground up build out in 2007. This quick service Mexican Restaurant includes a Type 47 hard Liquor License and long term lease. The facility is 3000 Sq Ft with an expansive patio on the lake. The base rent is $10,050 plus NNN. The location AAA+. The hard work has been done. A new owner can come in for pennies on the dollar.

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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:
Expires June 2016 + Two 5yr Options
Total Monthly Rent:
$10,050

Financials

Last Year's Annual Gross:
$654,823
Last Year's Food Cost %:
36.57
Last Year's Payroll Cost %:
41.64

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
12
Hours Open:
11-10pm seven days a week
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
90
Outdoor Seating:
54
Inside Sq. Ft.:
3,000
Outside Sq. Ft.:
1000

Highlights

  • Ground Up Build Out Last Year
  • National Franchise
  • Type 47 Hard Liquor License Included
  • Beautiful Location on the Lake
  • Large Patio
  • Quick Service Mexican Food
  • 3000 Sq Ft
  • Base Rent $10,050
  • Only $299,000
  • Open Less than a Year
  • Absentee Run;Needs a Hands on Owner

Financing

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

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

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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.

Other Listings in the Area
  •  Profitable Mexican Restaurant
    #6426
    Profitable Mexican Restaurant
    Lease:  
    Expires Oct. 1, 2024 with two 5 year options
    Monthly Rent:  
    $5,600
    Annual Revenues:  
    $824,767
    Annual Adj. Net:  
    $198,338
    Square Feet:  
    3,000
    Available
    $175,000

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