Chico Restaurants For Sale
Mexican Restaurant With Real Estate
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%.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
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
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.