This Free standing building Restaurant in Chico has been in the present ownership for 12 years and in business since 1974. 3,000 square feet building with ample parking for 60 vehicles with seating for 80 and a beer and wine license. Many recent upgrades include, New HVAC system, kitchen Grease Trap, Booths, Table & Chairs and a renovated Kitchen. The parking lot was also also completely renovated in 2016 with the addition of well laid parking. Total recent renovations exceeded $100,000. The kitchen is fully loaded and well able to cope with the demands of this busy establishment while the dining room, with its combination of tables, chairs and booths creates an authentic atmosphere. The owner is 78 yrs old and now wishes to retire from the day-to-day business operations. The restaurant is in a 'Turn Key' condition together with many long serving employees makes this the pride of the city. Chico is a fun university city and Mexican style restaurants are extremely popular. There will be a new lease available to interested parties with the initial monthly rent of $5,500 fixed for 2 years with 3% annual increases thereafter. Owner operators only are sought to purchase and run this business opportunity. A Family as owners would benefit greatly for the business and the community. 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 Info

  • OrganizationContact For Info
  • Established1974
  • Current Owner2006
  • Employees15
  • Reason For SaleOther Interests

Facilities

  • Seating80
  • Square Feet3068
  • Parking60
  • LicensesContact For Info
  • Open Hours11.00am - 9.00pm Daily

Lease

  • Rent$5,500
  • ExpirationNew Lease Negotiable
  • Yearly Increase3%
  • OptionNew Lease Negotiable
  • Deposit$5,500

Financials

  • Monthly Revenue$50,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$600,000
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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