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#335
Chico~Yuba City

Mexican Restaurant With Real Estate

$675,000
Sold
Mexican Restaurant With Real Estate
This Listing is Sold

This Mexican restaurant has been in business at the same prime location for many years and is a town favorite. The owner is ready to retire. There are approximately 2,900 Sq. Ft. in this well maintained building on a corner location on a busy street in the city. The annual gross sales are $651k and the annual adjusted net before debt payment is $168k(includes assumed reduction in labor cost). The Real Estate is included in the sale. A new owner can increase owner cash flow by improving labor costs which are curently 46%.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Chico~Yuba City

Financials

Last Year's Annual Gross:
$651,000
Last Year's Owner's Cash Flow:
$168,788
Last Year's Food Cost %:
24.9
Last Year's Payroll Cost %:
45.7

Operations

Liquor License:
41
# of Full-Time Employees:
9
# of Part-Time Employees:
13
Year Established:
1974

Facilities

Indoor Seating:
84
# of Parking Spots:
26
Inside Sq. Ft.:
2900
Lot Dimension:
70x255
Lot Sq. Ft.:
17860
Total Building Sq. Ft.:

Highlights

  • Real Estate Included
  • Annual Gross Sales $651,000
  • Good Tax Returns
  • SBA Financiing Available to qualified buyer
  • Adjusted Net:
  • Corner Location on Busy Street
  • Easy access
  • 2,900 Sq. Ft. building
  • 26 parking spaces
  • 22 total employees
  • Annual Adjusted Seller's Cash $168,788

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
10%
This Listing is Sold

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

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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