Chico Restaurants For Sale
Highly Profitable, Long Established Full Service Pizza Restaurant
This is a great opportunity to own and operate a long standing, highly profitable Pizza Restaurant on a major thoroughfare in a city about 40 minutes north of Sacramento. This sale represents your opportunity to be your own Boss for a minimal investment and enjoy the lifestyle of owning your own Business. The interior of this business is turn key and shows well. Take a look at the photos and you'll see just how nice it is. There are over 100 seats and a private dining room for party's and group occasions. 3300 sq ft of dining and kitchen. That's Super-Sized in the Pizza Business. The Restaurant is turn key and minimal investment is required. Just purchase, own, organize and grow the Restaurant to enjoy a good life style from the hussle and bussle of the city but just an hour from Sacramento.
LOCATION: Situated on the main Hwy, in the center of town. This Pizza restaurant sits in a outdoor mall, near schools and a highly populated residential area.
LEASE TERMS: The fantastic lease terms make this Pizza bar opportunity one of the best you’ll find in this market. Total monthly rent is only $2,940 for 3,300 total usable square feet. Folks!! THAT’S LESS THAN A $1.00 per square foot. Not only is that amazing monthly rent, the lease terms get even better. The monthly rent is FIXED at this rate and increases ONLY by 3% or the consumer price index.
Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent. This restaurant’s incredible lease terms make it extremely possible to make a good profit year on year. Many upgrades were completed in 2010.
FINANCIALS: This location's revenue in 2011 were $420,000 showing Profit of $70,000.
HISTORY: Buy the existing Pizza Restaurants long standing reputation, concept, lease terms, furniture, fixtures, equipment, and Beer and Wine license OR bring Your Own concept and take advantage of the fantastic lease terms, furniture, fixtures, equipment.
The Seller has stated that the business was extremely strong in previous years prior to the downturn in the economy. This is a great indication this will repeat with increased stability in the economy. Now is the time to take the Leap into Business Ownership and enjoy ownership Lifestyle.
HOUR OF OPERATION: Presently the Restaurant is open for 11.00am to 10.00pm daily. There is huge scope to increase business with a delivery service and Pizza party's, especially in this busy location.
REASON FOR SELLING: The Seller has many outside business interests and in 2011 was absentee and wishes to concentrate on her other business.
This is a Paramount Restaurant Brokers, Inc., Listing. A California Corporation
Restaurant Broker Scott Beaton DRE License #01853968
Lease
Financials
Operations
Fri and Sat 11am-10pm
Facilities
Highlights
- Priced at $79,000 and made $70,000 Profit in 2011
- Priced very low to sell quickly
- Nice country living near the Capital City
- Turn Key operation
- 3300 sq ft and extremely Low Rent
- Private dining room for group dinners
- 2 fireplaces for those cozy winter nights
- Good Kitchen with large walk in Fridge
- 100+ seats for spacious dining
- Plenty of parking
- High main road visibility
- In present ownership for 11 years, great reputation
Financing
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
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.