This is an excellent opportunity for a buyer to take over the premises, acquire the equipment, ABC beer & wine license, and assume the beautiful lease and rent terms. The restaurant has a large dining room with 80 plus chairs and 20 plus tables. The place also has two banquet rooms and a bar area used for a local dance club. The maximum seating capacity is 135 owner says it's approximately 4000 square feet of restaurant space. Full kitchen includes 15-foot type 1 hood with Ansul fire suppression system, walk-in, ice machine, several freezers, three-door prep refrigerator lots of stainless steel worktables. Peking Chinese Restaurant offers delicious dining, takeout, and delivery to Chico, CA. Great for tourists and locals alike. A recent review reads, "Love it!!! The food is always great. Whenever I get sick, I ordered the wonton soup. It always makes me feel so much better." Great prime downtown Chico location next to Chico State University. Perfect timing to take over this profitable restaurant. Included in this deal are the lease, equipment, licenses, name, menu, concept, and goodwill are all included as part of the sale. This is a straightforward, fun, and profitable business located in a very high-traffic area with a relatively small investment. This location provides flexibility for various operations and is ideal for chef-owners looking to specialize in their own concept. This unique restaurant, in a prime location, with very desirable rent and lease terms, will be lovely to buyers seeking reasonable terms for premises that are ready to go. Please complete the 'Non-Disclosure Agreement' on our website, and we'll send you the Lease, complete financial information & a 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 and arrange a behind-the-scenes tour of the property. No Co-Broker

General Info

  • OrganizationContact For Info
  • Established2000
  • Current Owner2018
  • EmployeesContact For Info
  • Reason For SaleOther Interestrs

Facilities

  • Seatingseats 135 max capacity
  • Square Feet4,000 plus
  • ParkingPublic
  • LicensesBusiness, ABC 41, Health
  • Open Hours7 days

Lease

  • Rent3,400
  • ExpirationNeg
  • Yearly Increase
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual Revenue400,000
  • Annual Cash Flow46,000
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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