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#408
Chico Restaurants For Sale

Established dinner house in growing community with full bar.

$150,000
Established dinner house in growing community with full bar.
This Listing is Expired
Well established dinner house in growing community. This restaurant has a full bar, with its own walk-in(at the bar) and about 17 stools and 8-10 bar tables that opens earlier in the day to a stream of regulars that like to watch the game, play pool and enjoy the bars lunch menu. The main dining room is open only for dinner and the second dining room doubles for large banquets all year long. The kitchen is large with two walk-ins making it great to cater out of or introduce lunches. All of this in over 4000sq'.A new owner could capitalize on lunch, brunch & wedding rehearsals as well as cater to the growing area. Last years sales were $335K with a cash flow of $55K. Landlord is beginning renovations next month (paint, landscaping & lighting) Owner says a new government building should be finished soon just across from the restaurant which will employ upwards of 300 people. (Huge lunch potential)Located just minutes off both I-5 and Hwy 99; Current owner needs out for health reasons.
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 with two 5year option
Total Monthly Rent:
$2,200

Financials

Last Year's Owner's Cash Flow:
$55,000
Last Year's Food Cost %:
40.4
Last Year's Payroll Cost %:
9.9

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
4
# of Family Employees:
2
Hours Open:
Owner currently bartends a few days a week.
Year Established:
1953

Facilities

Indoor Seating:
150
# of Parking Spots:
15
Inside Sq. Ft.:
4,000

Highlights

  • Huge bar with tons of seating
  • Type 47 liqour License
  • Huge growth potential
  • Nicely re-done dining rooms
  • Just off I-5 on very busy street
  • Well established location
  • Billards room
  • Huge kitchen with tons of space
  • Located next to established motel
  • Long History of being in Business
  • Good Reputation in City
  • Major Exterior Renovations Planned

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%

Demographics

Population 5-mi
2014 Total Population 30,344
Households 5-mi
2010 Number Of Households 11,156
2010 Persons Per Household 2.53
Median House Value $182,600
Income Per Household $39,934
Businesses 5-mi
2009 Number Of Businesses 604
2012 Number Of Employees 15,276
2012 Total Annual Payroll $296,139,000

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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.


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