Chico Restaurants For Sale
Absentee: Rare Type 48 Bar With Real Estate Plus Restaurant Too!
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!
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
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
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 |
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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.