TURN KEY & READY! This is an excellent opportunity for a buyer to take over the premises, acquire the equipment, ABC beer & wine license, and assume a very favorable lease, rent terms and options. The restaurant has a large dining room with bench seating, 50+ chairs and 20+ tables. There are two banquet rooms and a bar with a stage area currently used for music, comedy, and a variety of performances. The maximum seating capacity is 135. There is 4,936 square feet of restaurant space, with lots of rooms for storage, offices, etc. Full kitchen includes 15-foot type 1 hood with Ansul fire suppression system, ice machine, 2 freezers, stainless steel worktables, 12" stove top burner x2, double deck convection oven 38", sandwich prep fridge 60", sandwich prep fridge 72", 60" griddle & chef base fridge 72" x2, Beverage Air 48" back bar fridge, 54" solid door reach in fridge, Jackson dishwasher, sinks, stainless tables,, triple tap kegerator, glassware, Community sound system, POS, tables & chairs and more. Restaurant offers delicious dining, takeout, and delivery to Chico, CA. Great for tourists and locals alike. A recent review reads, "The food is always great. Great prime downtown Chico location next to Chico State University". Perfect timing to take over this profitable restaurant. Included in this deal are the under market lease, equipment, beer and wine license, 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 is a unique restaurant in a prime downtown location with desirable rent and lease terms. 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.

General Info

  • OrganizationCorporation
  • Established2021
  • Current Owner2021
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating135
  • Square Feet4,936
  • ParkingDowntown
  • LicensesHealth,business, abc 41 beer and wine license
  • Open HoursContact for Info

Lease

  • Rent$3,485 +nnn
  • Expiration09/24
  • Yearly IncreaseContact For Info
  • Option5 year
  • Deposit$2,600

Financials

  • Monthly Revenue$29,500
  • Monthly Cash FlowContact For Info
  • Annual Revenue$354,000
  • Annual Cash FlowContact for Info
  • 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.

Virtual Tour

Location