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Low Rent (80 Seat) Mexican Restaurant
Low Rent (80 Seat) Mexican Restaurant

Chico, CA

Low Rent (80 Seat) Mexican Restaurant Located In The Popular University City Of Chico RRC#: 2912 Asking Price: $195,000 Location: Chico, Butte County, California Yearly Revenue: $600,000 Yearly Cash Flow: Contact For Info Monthly Rent: $5,500 LISTING DESCRIPTION: 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 INFORMATION: Organization: Corporation | Year Established: 1974 | Current Owner: 2006 | Employees: 15 | Seating: 80 | Square Footage: 3068 | Parking: 60 | Licenses Required: Business, Health Permit & ABC Type 41 License | Days Open/Hours: 11.00am - 9.00pm Daily | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $600,000 | LEASE INFORMATION: Monthly Rent: $5,500 | Lease Expiration: New Lease Negotiable | Yearly Adjustment: 3% | Lease Option: New Lease Negotiable | Security Deposit: 5,500 |

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