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#374
Chico~Yuba City

Family Restaurant with Real Estate

$750,000
Sold
Family Restaurant with Real Estate
This Listing is Sold
Family Restaurant with Real Estate (absentee owner) serving breakfast, lunch and dinner located on Major highway. Building is six years old with 3200 sq. ft. and in excellent condition. Building sits on 2/3 acre of land. For investors the monthly lease would be approximately $3500 + NNN a month. Using a cap rate of 6.5% the value of the real estate is $646,000. Annual Gross Sales are currently in the $500,000 making the business worth about $175,000, making the real estate and business worth $821,000. 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

Facilities

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 10,562 13,717
Households 3-mi. 5-mi
2010 Number Of Households 3,154 4,299
2010 Persons Per Household 3.26 3.14
Median House Value $161,000 $168,537
Income Per Household $45,414 $50,172
Businesses 3-mi. 5-mi
2009 Number Of Businesses 92 126
2012 Number Of Employees 1,740 2,738
2012 Total Annual Payroll $25,308,000 $41,040,000

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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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    Lease:  
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    Annual Revenues:  
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    Annual Adj. Net:  
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    Square Feet:  
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    Facebook Twitter Google+ Email
    Available
    $79,000
    Down Payment

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