Chico Restaurants For Sale
Top Sub way Franchise For Sale
If you're looking for a heavy foot traffic location and a National Franchise then you've got to look at this deal. There is always heavy foot traffic going past this store, driving sales and profit.
This store could use a full-time working owner to increase revenue and profit. The current owner works the store between 10-20 hours per week. Currently food costs are running at 24% and a working owner could probably improve on this number.
And this business is recession proof with sales increasing each year from 2007 through 2009. Although this year started a bit slow, December 2010 sales were $37,000 for the store.
This is a profitable franchise with the current lease.
The lease includes garbage and you don't have to worry about the restrooms or seating area as they are maintained by the mall.
The current owners are busy with other ventures, so don't miss this opportunity.
New owners will have to qualify and pay transfer fees if approved.
Please select one of the orange buttons below to see more photos and get the name and address.
Restaurant Broker Scott Beaton DRE License #01853968
Lease
Financials
Operations
Facilities
Highlights
- Price Drop ....Submit an offer now!
- Mall location and hours
- Totally turn key - Owner Only Works 10-20 Hours a week
- Strong Brand Recognition and Great Franchise System
- Did we say Profitable!
- Easy system to follow
- Sales Price is Only 59% of Annual Gross Sales
Financing
Demographics
| Population | 1-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 36,773 | 73,162 |
| Households | 1-mi. | 5-mi |
| 2010 Number Of Households | 14,480 | 29,899 |
| 2010 Persons Per Household | 2.43 | 2.38 |
| Median House Value | $294,600 | $281,965 |
| Income Per Household | $45,224 | $42,126 |
| Businesses | 1-mi. | 5-mi |
| 2009 Number Of Businesses | 1,185 | 2,197 |
| 2012 Number Of Employees | 32,876 | 59,120 |
| 2012 Total Annual Payroll | $510,887,000 | $1,017,997,000 |
click for more demographic info
Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA. 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.
#6426Profitable Mexican RestaurantLease:Expires Oct. 1, 2024 with two 5 year optionsMonthly Rent:$5,600Annual Revenues:$824,767Annual Adj. Net:$198,338Square Feet:3,000