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#430
Chico Restaurants For Sale

Turn Key Asian Buffet Restaurant - Chico/Oroville

$80,000
Turn Key Asian Buffet Restaurant - Chico/Oroville
This Listing is Expired
Asian buffet restaurant located in a major super market shopping center with plenty of parking, large dinning room, banquet room and large kitchen. 10,500+ Sq/ft could seat 200+. The base rent is $7,120 per month plus CAM with 7 years lease term remaining and one 5 year option. It could be converted to any new concept. The lease alone is worth the price!
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 years + 5 Option
Total Monthly Rent:
$7,120
Security Deposit:
$6,500

Financials

Last Year's Annual Gross:
$800,000

Operations

Liquor License:
41
# of Full-Time Employees:
6
Hours Open:
7 Days 11am to 9pm
Year Established:
2003

Facilities

Indoor Seating:
200
# of Parking Spots:
200
Inside Sq. Ft.:
10,547

Highlights

  • 10,500+ Sq. Ft. Buffet Restaurant.
  • It Could be Converting to Any New Concept.
  • Large Dinning Room.
  • Large Banquet Room for Private Party.
  • Plenty of Parking Space.
  • 7 Years Remaining Lease Terms.
  • 5 Years Option Renewal.
  • Seat 200+ Guests.
  • Base Rent $7,120 per month

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 31,055 31,292
Households 3-mi. 5-mi
2010 Number Of Households 11,789 12,020
2010 Persons Per Household 2.57 2.57
Median House Value $158,300 $158,861
Income Per Household $42,555 $42,619
Businesses 3-mi. 5-mi
2009 Number Of Businesses 329 336
2012 Number Of Employees 9,262 9,290
2012 Total Annual Payroll $177,478,000 $177,946,000

click for more demographic info

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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    Profitable Mexican Restaurant
    Lease:  
    Expires Oct. 1, 2024 with two 5 year options
    Monthly Rent:  
    $5,600
    Annual Revenues:  
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    Annual Adj. Net:  
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    Square Feet:  
    3,000
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