Popular Restaurant / Bar Established for 13 Years
Location: California > Ventura County > Oxnard
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $650,000
Gross Revenue: $1,527,000
Cash Flow Comments: Discuss with CPA / Broker
FF&E: $200,000 (Included in Asking Price)
Seller Financing: Seller may consider retaining a minority interest to reduce price. SBA financing available - seller and agent / CPA will assist.
Business Summary
This truly is the place where the locals come to eat and drink. 5,780 sq. ft .new facility for this 13 year old business with full liquor license and great gross in a growing neighborhood. Established in 1995 and in present location for 5.5 years. Sale includes ABC license 47. Professional full-service kitchen can easily service restaurant and catering business (if desired). Seating for 209 with 44 foot bar as well as plenty of patio seating for smokers and non-smokers. Open 7 days. 10:30 - 1:00 am M-F, 9-1:00am Sat, Sun.
About the Business
Year Established: 1995
Employees: 8 full time - 25 part time
Facilities: Newer prime location for this established restaurant / bar. Square footage is 5780. 100+ parking spaces. All equipment and facilities are in excellent condition. Lease is triple net - 10 year with two 5-year rollover options. Two patios - smoking and non-smoking. 10 TVs - for sports viewing.
Market Outlook and Competition: Location is highly visible on a major thoroughfare adjacent to the airport. The restaurant is popular among locals and benefiting from overall growth in the area. Catering, parties and local housing boom will add to clientele and revenue.
About the Sale
Management Training and Support: Sellers will train buyer and assist with transition. Present owners may agree to stay on as management to some degree.
Reason For Selling: Sellers are retiring / health issues.
Attached Files - Attachment Disclaimer
Pirates Grub 'n Grog - Front entrance.187 KView | Download
Pirates Grub 'n Grog - Another view.72 KView | Download
Pirates Grub 'n Grog - Another lovely day at Pirates.73 KView | Download

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BizQuest ID:866662
Business Listed By
Name:Michael DiSabatino
Company:DA Property Company, a California Corporation
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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.