Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
Home » Listings For Sale » Details
Post a Restaurant Wanted Ad for Free
#893
Chico Restaurants For Sale

Turn Key Facility for Lease; Excellent Location

$
Turn Key Facility for Lease; Excellent Location
This Listing is Expired
Excellent opportunity to launch your own ideas in this turn key restaurant just steps from the University. All Furniture, Fixtures & Equipment is included in the lease. This is a far below market lease at $1.15 a Sq Ft for a fully equipped restaurant. The tenant will be responsible to maintain all FF & E as part of the lease agreement. Currently seats 44 but room to expand to the adjoined 836 Sq Ft that is currently vacant. The restaurant is currently closed. The cooks line is fully equipped with walk-in refers at either side, three deep fryers a flat grill and a nice big Type I hood system. The location is centrally located near an abundance of college housing with a tremendous amount of both vehicle ( 21,700 cars a day)and foot traffic. This is a stand alone building with plenty of off street parking. The kitchen is set up to convert to most any concept with plenty of prep space, ideal for the busy caterer. In addition to the 2764 sq ft restaurant there is an additional 200 sq ft storage facility located on premise. This is an excellent chance to start your own restaurant without the very expensive build out cost. The lease is only $3200month plus NNN. The term is three years with a three year option to renew. Lessor is very motivated to rent this space. Please bring all offers.
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:
3 Yr + 3 yr Option
Total Monthly Rent:
$3,200
Security Deposit:
$3,200

Operations

Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Inside Sq. Ft.:
2,764

Highlights

  • Excellent Location Near University
  • Below Market Lease; Bring all Offers
  • $1.15 a Sq Ft for a Fully Equipped Restaurant
  • FF & E Included in Lease
  • Approx. 3600 Sq Ft
  • $3200 Base Rent plus NNN (TBD)
  • Stand Alone Building
  • Plenty of Parking
  • Hign Traffic Area; Both Car & Foot 21,700 Cars a Day
  • 3yr Lease + 3yr Option
  • Lessor is Motivated to Rent this Space
  • Most Equipment is Nearly New

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 5-mi
2014 Total Population 36,389 73,162
Households 1-mi. 5-mi
2010 Number Of Households 15,419 29,899
2010 Persons Per Household 2.34 2.38
Median House Value $270,100 $281,965
Income Per Household $39,216 $42,126
Businesses 1-mi. 5-mi
2009 Number Of Businesses 1,012 2,197
2012 Number Of Employees 26,244 59,120
2012 Total Annual Payroll $507,110,000 $1,017,997,000

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.


Terms Of Use     © 2024