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#4505
Quincy Restaurants For Sale
Chico Restaurants For Sale

Big Profit - Resort Area - Real Estate - Rare Find - SBA Loan

$549,000
Sold
Big Profit - Resort Area - Real Estate - Rare Find - SBA Loan
This Listing is Sold

Click Here To Visit This Restaurant

This restaurant with a type 47 liquor license has been serving QUALITY pizza and pasta at the same location for 24+ years. This is not a "tired" concept. Last years sales and profit were the best ever and each year shows growth. 

PROFIT IS CONSISTENT year after year and their are detailed tax returns to verify it. 

Free cash flow is $252,000 (pre-debt) and It will easily qualify for an SBA loan with 20% down, good credit and industry experience. That means this is less than a 3 multiplier AND YOU OWN THE REAL ESTATE. That is unheard of.

ENJOY A 5 DAY WORK WEEK as the restaurant is closed Sunday and Monday. Continue as is or open 1 or 2 more days to increase revenue and profit.

TAKE 6 WEEKS VACATION PER YEAR as the restaurant closes 2 weeks in November and 4 weeks from the end of February to the end of March 

REAL ESTATE INCLUDED and has been VERY well maintained. Recent improvements include 1 year old roof, new leach lines, 3 year old deck and sanded interior wood floors.

SBA LOAN: This business easily qualifies for an SBA loan with as little as 10% down. Monthly mortgage principle and interest would be about $3,600 with 10% down. That leaves $208,000 of cash after debt payments!  WOW!

Take a Look at the PHOTOS.

There is a catch however, you must be willing to live and work in a small community in the mountains of N California in a prestigious resort area with access to world class fishing, hunting, boating and year round outdoor recreational activities. 

Sale includes FF&E, type 47 liquor license and the real estate. 

Please visit our website at SellingRestaurants.com to get the name and address of this business. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Quincy Restaurants For Sale
Chico Restaurants For Sale
Lease Term:
Real Estate For Sale

Financials

Last Year's Annual Gross:
$855,910
Last Year's Owner's Cash Flow:
$252,000
Last Year's Food Cost %:
32.8
Last Year's Payroll Cost %:
37.0
Last Year's Rent %:
N/A

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
8
# of Family Employees:
2
# of Working Owners:
1
Hours Open:
11:30am-8:30pm Tues-Sun
Year Established:
1991
Hood System Type 2:
Yes

Facilities

Indoor Seating:
63
Outdoor Seating:
5
# of Parking Spots:
20
Inside Sq. Ft.:
2,000
Outside Sq. Ft.:
300
Lot Sq. Ft.:
24394
Total Building Sq. Ft.:

Highlights

  • UNBELIEVABLE VALUE
  • Real Estate Included
  • SBA approved
  • Consistent sales and profit
  • Established in community for 28+ years
  • Type 47 Full Liquor License
  • Pride of ownership
  • Take 6 weeks vacation per year as restaurant is closed 6 weeks during winter
  • 5 day work week
  • Opportunity to live and work in a spectacular Mountain Lake Resort Area
  • 18 hole championship golf in community
  • Hunting, Fishing, Boating & year round outdoor recreational activities

Financing

Down Payment:
$109,800
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 2,875
Households 5-mi
2010 Number Of Households 1,491
2010 Persons Per Household 2.21
Median House Value $266,100
Income Per Household $46,463
Businesses 5-mi
2009 Number Of Businesses 73
2012 Number Of Employees 532
2012 Total Annual Payroll $8,510,000

click for more demographic info

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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