Business For Sale

Only $50,000 Down for Fully Operating 3,000 sq ft

Chico, CA
Butte County


Asking Price: Annual Revenue:
$99,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Only $50,000 Down for Fully Operating 3,000 sq ft Broker: Steve Zimmerman

Quick Facts

Asking Price: $99,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 705411533
Broker Reference #: 3044

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Business Overview:

Only $50,000 Down for Fully Operating 3,000 sq ft Free Standing Restaurant Located in Chico

RRC#: 3044
Asking Price: Offered At $99000
Location: Chico
Annual Revenue: $600,000
Annual Cash Flow: $60,000
Monthly Rent: $5,500 + NNN

Listing Description:
$50,000 down and the seller will carry a note for the balance for this current Mexican Restaurant which the Seller, who is also the landlord will welcome other concepts if the suitable buyer can demonstrate their restaurant experience and future success with strong financials. The owner is willing to negotiate terms of a new lease. 3,000 square feet of ‘Free Standing’ building with ample parking for 60 vehicles surrounding the building and the restaurant seating for 80 with an ABC type 41 beer and wine license included. Chico is a University city and this restaurant has been popular with the locals and students for 12 years. Full support provided with all the employees In place. Many recent upgrades include new HVAC system, kitchen grease trap, landscaping, booth seating and many kitchen upgrades. Total recent renovations exceed $100,000. The kitchen is fully equipped and well able to cope with the demands most restaurant concepts, while the dining room with its combination of tables, chairs and booths creates a pleasant atmosphere. The owner is 78 years old and now wishes to retire from the day-to-day business operations but will remain as the Landlord. The landlord would prefer an owner operator to establish a strong business for themselves and he is willing to entertain any successful concept. The restaurant is in a ‘Turn Key’ condition together with many long serving employees making this the pride of the city. There will be a new lease available to interested parties with the initial monthly rent of around $5,500 fixed for 2 years. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker’s contact information so you can discuss this opportunity in more detail.

General Information:
Organization: Contact For Info
Established: 1974
Current Owner: 2006
Employees: 15
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $50,000
Monthly Cash Flow: $5,000
Annual Revenue: $600,000
Annual Cash Flow: $60,000
Payroll: $17,000
Monthly Revenue: $50,000
Monthly Cash Flow: $5,000

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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