Posting Details

Mexican Restaurant For Sale - Chico, Butte County

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
The listing # 239098 Mexican Restaurant - Chico, Butte County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Mexican Restaurant in Chico, Butte County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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