#468
Chico Restaurants For Sale

Excellent opportunity for a Family Run Business

$175,000

Great opportunity to beat the heat of the valley and hustle and bustle of the city. Endless opportunity surrounds this business. This a great opportunity for a hard working family to make a good living and have a great quality of life. First, a large nightclub with stage, karaoke, dance floor and pool tables. Second, a large patio that seats about 50-60 patrons with horseshoe pits surrounded by tall pines. Third, a restaurant that seats 45 patrons currently serving Chinese but would easily convert to Mexican, Family Style, Italian, or Road House Pub Grub. Fourth a huge banquet room that seats 80 people for Christmas party's, weddings, reunions ect. The restaurant and bar are on separate meters so you could run one of the businesses and lease out the other. Owner is retiring and offering an excellent long term lease of only $2100 a month for 4000+ Sq.Ft. Owner will also provide new flooring for buyer.

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 +5+5

Total Monthly Rent:

$2,100

Security Deposit:

$2,100

Financials

Last Year's Annual Gross:

$224,677

Last Year's Owner's Cash Flow:

$60,465

Last Year's Food Cost %:

51.6

Operations

Liquor License:

# of Part-Time Employees:

Hours Open:

Restaurant Tues-Sat 11:30-9:00
Bar Tues-Sat 12:00-Close

Year Established:

1992

Hood System Type 1:

Yes

Facilities

Indoor Seating:

145

Outdoor Seating:

Inside Sq. Ft.:

4000+

Highlights

2800+ Sq Ft NIGHTCLUB
1200+ Sq Ft RESTAURANT
BANQUET ROOM SEATS 80 PATRONS
4000+ Sq Ft TOTAL
$2100 BASE RENT
TYPE 47 HARD LIQUOR LICENSE INCLUDED
PLENTY OF PARKING
Great Family Run Business
EXCELLENT ROADSIDE EATERY
EASILY CONVERTS TO ANY CONCEPT
LARGE OUTSIDE PATIO
COUNTLESS OPPORTUNITY

Financing

Will SBA Finance:

Yes

Will Seller Lend To Buyer:

Demographics

Population	5-mi
2014 Total Population	27,600
Households	5-mi
2010 Number Of Households	12,475
2010 Persons Per Household	2.18
Median House Value	$209,100
Income Per Household	$41,179
Businesses	5-mi
2009 Number Of Businesses	539
2012 Number Of Employees	10,856
2012 Total Annual Payroll	$188,286,000

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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