1141 Forest AveChico, CA 95928

Property Details for 1141 Forest Ave

Year built

2003

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

9,035 SF

Property type

Retail properties

Property subtype

Retail space

APN

002-050-243-000

APU

2050243000

Description

This exceptional business opportunity encompasses three thriving Great Harvest Bread Co. bakery locations in Chico, CA, a vibrant college town. Established in 1998, the flagship Mangrove Avenue bakery, along with the Forest Avenue and Esplanade locations, offer a combined 2,200 square feet of space. Each location is fully equipped for baking and cafГ© operations, including all necessary tools and equipment. The bakeries are known for their freshly baked bread, cafГ© fare, catering services, gift baskets, and retail items. Despite the challenges of the recent pandemic, consistent sales demonstrate a loyal customer base. The open layout of the Mangrove Avenue location provides a unique customer experience, showcasing the bread-making process. The Forest Avenue and Esplanade locations are strategically positioned in growing areas of Chico. The business operates under a freedom franchise model, offering support and autonomy. Significant growth potential exists through increased marketing efforts and participation in local markets and events. Minimal marketing has been undertaken to date, presenting a clear opportunity for expansion. This is a package deal including all three Chico locations. Further details on the individual locations are available in listings SN2405014 & SN24049787. The asking price for this established and profitable business is $495,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,393,611

  6.5%

  $2,209,487

  7%

  $2,051,667

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,250,844

  Geo Method

  $3,250,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,863,785

  Hospitality

  $1,707,217

  Educational

  $1,420,385

  Medical

  $1,469,234

  Retail

  $2,209,487

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7386

Longitude

-121.804

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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