#590
Chico Restaurants For Sale

Landmark Restaurant w/Hard Liquor and Huge Banquet Facility

$369,000

WOW! 12,000+ Square Foot restaurant with a base rent of only $4801 a month. Seating 450 guests including a banquet room that can be divided for many smaller groups at one time or opened up to seat 225 at once. The banquet facility also has its own kitchen with hood system and dish washer. There are three hood systems total in this facility. This landmark restaurant also offers outdoor seating for 70 patrons as well as a permitted smoking section. Included in the sale is a Type 47 Hard Liquor License. The facility sits on an enormous lot with 100+ dedicated parking spaces. Currently absentee run a new owner could capitalize on the endless opportunities. The staff is well seasoned and long term able to operate this restaurant in sales just under $1 million in 2006. Currently open for lunch and dinner. The current owner has decided to retire after almost 30 years in business. This is a rare find at only .35 a Sq Ft. and cash flow in excess of $95K in 2006. There is way too much to list, this is a must see business opportunity. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.

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:

5yr +two 5yr Options

Total Monthly Rent:

$4,301

Financials

Last Year's Annual Gross:

$941,803

Last Year's Owner's Cash Flow:

$97,199

Last Year's Food Cost %:

29.8

Last Year's Payroll Cost %:

37.0

Last Year's Rent %:

5.6

Operations

Liquor License:

# of Full-Time Employees:

# of Part-Time Employees:

Hours Open:

Mon- Thur 11-2 Lunch 4-8 Dinner
Fri 11-2 & 4-9:30
Sat Dinner Only Untill 9:30
Bar 11am-11pm
Closed Sunday

Year Established:

1977

Hood System Type 1:

Yes

Facilities

Indoor Seating:

385

Outdoor Seating:

# of Parking Spots:

100

Inside Sq. Ft.:

10,500

Outside Sq. Ft.:

1500

Highlights

12,000 Square Foot Plus Facility
Base Rent Only $4,801 a Month
Three Seperate Hood Systems
Banquet Room holds Up To 225 Patrons
Banquet Room has its Own Kitchen
Type 47 Liquor License Included
Owner Retiring After 30 Years
Absentee Run Restaurant
Possible SBA Financing
Too Much to List; You Need to See this Place
Four Walk-ins
Over 100 Parking Spaces

Financing

Will SBA Finance:

Yes

Will Seller Lend To Buyer:

Demographics

Population	5-mi
2014 Total Population	19,748
Households	5-mi
2010 Number Of Households	7,198
2010 Persons Per Household	2.73
Median House Value	$144,800
Income Per Household	$36,080
Businesses	5-mi
2009 Number Of Businesses	374
2012 Number Of Employees	8,600
2012 Total Annual Payroll	$141,705,000

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.

Other Listings in the Area

#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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