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Oak Pit Restaurant with half acre Property & New Building
| Asking Price: | $1,100,000 | Inventory: | |
| Gross Revenue: | $450,000 (comments below) | Real Estate: | $1,000,000 ++ |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: First year, new operations | |||
| Cash Flow Comments: N.D.A. | |||
Half Acre Property with New Restaurant Building after 50 years
Business Description
50 year old Barbeque Pit Restaurant, newly constructed building on 1/2 acre of prime real estate on main route into Ojai. The restaurant serves Barbeque food, beer and wine. Outdoor 1500 square foot patio provides entertainment stage, outdoor shaded dining, and additional seating. The restaurant indoor capacity is approximately 72-80. The kitchen is state of the art with every possible piece of equipment to provide exceptional quality food. The Original restaurant and land was purchased November 07, leveled to the ground, rebuilt and re-opened September 08.
Historical Summary
Original building was demolished in November of 07, Rebuilt and Reopened September 2008.
Owner Qualifications
Buyer must have financial ability to acquire real estate and should have experience in restaurant management operations.
Competition
none
Potential for Growth
great
Facilities & Locations
28,000 square foot lot which sits on the South East side of Ventura Road.
50 year old Barbeque Pit Restaurant, newly constructed building on 1/2 acre of prime real estate on main route into Ojai. The restaurant serves Barbeque food, beer and wine. Outdoor 1500 square foot patio provides entertainment stage, outdoor shaded dining, and additional seating. The restaurant indoor capacity is approximately 72-80. The kitchen is state of the art with every possible piece of equipment to provide exceptional quality food. The Original restaurant and land was purchased November 07, leveled to the ground, rebuilt and re-opened September 08.
Historical Summary
Original building was demolished in November of 07, Rebuilt and Reopened September 2008.
Owner Qualifications
Buyer must have financial ability to acquire real estate and should have experience in restaurant management operations.
Competition
none
Potential for Growth
great
Facilities & Locations
28,000 square foot lot which sits on the South East side of Ventura Road.
About the Business
Facilities:Historical Summary Original building was demolished in November of 07, Rebuilt and Reopened September 2008. The new restaurant building is approximately 2000 square feet, outdoor patio is approximately 1500 square feet, and the property is 28,000 square feet.
Market Outlook and Competition:Great
About the Sale
Management Training and Support:As needed
Reason For Selling:Re-allocation of assets for investor
Seller Financing:Seller will carry up to 200,000 based on qualifications of buyer
Attached Files - Attachment Disclaimer
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KEYWORDS: Barbeque, Restaurant, Building, Property, Equipment, Beer, Wine, Entertainment
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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