#568
Chico Restaurants For Sale

National Franchise with Proven Sales and Lots of Potential

$299,000

Great opportunity to own a successful nationally recognized franchise. This unit was opened in 2001 and has a proven sales history. This 2500 Sq Ft facility is located on a very busy street in a large shopping center. There are also multiple anchor stores including Starbucks surrounding this restaurant. Rent is $6,000 including CAM. The facility has indoor seating for 50 guests and outdoor seating for 12 guests. This is an almost absentee run store with sales $742,430 in 2006. Owner is retiring and this store is priced to sell. These franchises usually sell for 50% of gross sales or more.

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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:

5yrs + two 5yr options

Total Monthly Rent:

$6,000

Financials

Last Year's Annual Gross:

$742,430

Last Year's Owner's Cash Flow:

$14,127

Last Year's Food Cost %:

Last Year's Payroll Cost %:

Last Year's Rent %:

10.1

Operations

# of Full-Time Employees:

# of Part-Time Employees:

Hours Open:

7 days a week

10am -11pm

Year Established:

2001

Facilities

Indoor Seating:

Outdoor Seating:

Inside Sq. Ft.:

2,500

Highlights

Outstanding Brand Name
Sales $742,430 in 2006
Nationally Recognized Franchise
High Traffic Area
Multiple Anchor Stores Surround
2500 Sq Ft
Sales are Growing
Owner Retiring
Excellent Opportunity
Very Established Business
Facility is in Great Condition
Rent is $6000 Including CAM

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

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

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.

Other Listings in the Area

#6426

Profitable Mexican Restaurant

Lease:
Expires Oct. 1, 2024 with two 5 year options

Monthly Rent:
$5,600

Annual Revenues:
$824,767

Annual Adj. Net:
$198,338

Square Feet:
3,000

Available
$199,000
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