Seafood Restaurant- Large patio- Beer & Wine- Opens only 4 hours a day

Asking Price$295,000

Cash Flow
$95,000

EBITDA$95,000

Gross Revenue$590,000

Inventory$4,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Seafood Restaurant- Large patio- Beer & Wine- Opens only 4 hours a day


Asking Price$295,000

Cash Flow
$95,000

EBITDA$95,000

Gross Revenue$590,000

Inventory$4,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Well established Mediterranean seafood restaurant with current Owner since 1992, Very very short business operating hour, Premises only opens 4 hours a day 28 hours a week, from 4pm to 8pm since COVID. No delivery, Great potential by adding food delivery service and just expanding business hour to prior COVID open hours from 11am to 10pm. Equipped with ABC License and spacious outdoor covered seating area which permitted for alcohol consumption, No Delivery, No App service such as GrubHub, Uber Eat, postmate Etc., 100% Carry-Out, A Must See Business!!!

LICENSES: License type 41 - onsale - Beer & Wine
BUILDING & PARKING: Strip Center Building, Ample Parking
SEATING CAPACITY: Approx 75 more or less
DAYS OPEN & HOURS: 7 Days 04:00pm to 8:00pm
AREA: Thousand Oaks, CA
STORE SIZE: Approx 1,500 SQ. FT. with large Patio or outdoor seating area
HOW LONG EST: same Owner Since 1992
NO. OF EMPLOYEE: 6 part-times
OWNER'S WORKING HOURS: Owners works 7 days a week
LEASE, Approx.: Contact Remy for More Info

Approx., Represented by Seller as per Listing Agreement
Average Monthly
Monthly Approx. Total Sales: $49,166.67
Monthly Approx. Sales Tax: $3,400.00
Monthly Approx. Total, Gross Sales Before Sales Tax: $45,766.67
Cost Average Monthly: $13,730.00
Gross Profit Average Monthly: $32,036.67
Total Expenses- Average Monthly: $23,840.00
Approx., Net income- Average Monthly: $8,196.67

Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller, employee or business neighbor, For more information please contact REMY CHEN the Broker at contact listed herein.

Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
About the Business
Years in Operation
33
Facilities & Assets
Approx. 1,500 Sq. Ft. with spacious covered outdoor seating area with plentiful parking, all equipment and fixture in ABC license and DBA are included in the sale.
Opportunities for Growth
Premises only opens 4 hours a day 28 hours a week, from 4pm to 8pm since COVID. No delivery, Great potential by adding food delivery service and just expanding business hour to prior COVID open hours from 11am to 10pm.
About the Sale
Seller Motivation
Seller is near 80s wants to retire
Transition Support
2 weeks after close of escrow
Listing Info
ID
2432173
Listing Views
47

Contact Seller

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Business Listed by: Remy Chen Ivy Realty Co.

Listing ID: 2432173 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. See our full Terms of Use. Learn how to avoid scams.


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