Peking Restaurant in Prime Location next to Chico State | Very Profitable w/ Great Lease

531

RRC#: 3940  
Asking Price: $39,000
Location: 243 West 2nd St #4, Chico, CA  
Annual Revenue:  $400,000
Annual Cash Flow:  $46,000
Monthly Rent:  $3,400

Listing Description:
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 thier 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 Information:
Year Established:2000  
Current Owner: 2018  
Employees: Contact for Info  
Reason For Sale:Other Interests

Financial Information:
Monthly Revenue: $33,333
Monthly Cash Flow: $3,833
Annual Revenue: $400,000
Annual Cash Flow: $46,000

Facilities:

Square Feet:4,000 plus Seating: seats 135 max capacity Parking:public Days/Hours of Operation: 7 days

Training/Support:

Yes

Sale Reason:

Other Interests