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#5612
Chico Restaurants For Sale

Absentee: Rare Type 48 Bar With Real Estate Plus Restaurant Too!

$350,000
Sold
Absentee: Rare Type 48 Bar With Real Estate Plus Restaurant Too!
This Listing is Sold

This Type 48 Bar includes a restaurant but requires no food and includes the real estate. Located a block from a historic downtown area on the path to growth and a major transformation to a popular area for entertainment. The building is approximately 3,500+ sq feet and has a private parking lot and huge outdoor patio area.

The owners had a VERY lucrative and profitable business before moving out of the area and turning it over to staff. They lives hours away and rarely come to the location and said it has probably been a year or more since they have been to the space. As the saying goes "while the cats away the mice will play."

They are currently serving no food but the kitchen has a class one hood with Ansel system, six burners and a flat grill and enough room for a fryer or other piece of equipment. The area is crying out for quality food and the addition of even a simple menu could increase sales substantially. The newest bar in the area is kicking ass and often times (even during weekdays) there are no seats available.

There is a 30 foot bar that has 2 wells, 8 "handles", a glass chiller, 7' beer cooler and a 3 compartment sink. There is also a large ice machine capable of producing ice for heavy volume.

Currently there is a large dance floor and a separate area for billiards with 4 tables. Keep one or both or convert to dining.and you could easily seat 100 or more. The space is adaptable to any concept and could be an incredible venue for private party's. 

This truly is an incredible opportunity for an owner/operator ESPECIALLY a working chef owner. 

No financial records, books or P&L's will be given but do your own recon and you'll quickly realize this is a steal!

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

Lease

Region:
Chico Restaurants For Sale
Lease Term:
N/A
Total Monthly Rent:
N/A

Financials

Last Year's Food Cost %:
Not Given
Last Year's Payroll Cost %:
Not Given
Last Year's Rent %:
Not Given
EBITDA:
Not Given

Operations

Liquor License:
48
# of Full-Time Employees:
1
# of Part-Time Employees:
6
Hours Open:
Monday - Saturday 2 p.m. to 2 a.m.
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
20
# of Parking Spots:
16
Inside Sq. Ft.:
3496+
Outside Sq. Ft.:
500+
Lot Sq. Ft.:
13,939
Total Building Sq. Ft.:

Highlights

  • REAL ESTATE INCLUDED
  • ABSENTEE OWNER
  • TYPE 48 HARD LIQUOR LICENSE - NO FOOD REQUIRED
  • INCREDIBLE OPPORTUNITY FOR WORKING OWNER
  • WAS VERY SUCCESSFUL WHEN OWNER WORKED IT
  • AREA IN DIRE NEED OF RESTAURANTS
  • MOST ANY CONCEPT WOULD WORK IN LOCATION
  • HUGE UNTAPPED POTENTIAL
  • KITCHEN WITH TYPE 1 HOOD
  • HUGE PATIO WITH SECURE FENCING
  • HISTORIC DOWNTOWN
  • PRIVATE PARKING LOT

Financing

Down Payment:
$350,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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 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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