Ventura Restaurant & Bar w/Liquor & Patio – Attractive Location!

Contact Seller
Asking Price:
$310,000

Gross Revenue:
$605,525
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,500
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

This well established Ventura restaurant and bar with liquor and patio is ideally located in an attractive beachside location. The quaint venue has developed a loyal following of residents and tourists that favor it for its quality food and atmosphere. The kitchen has a two story pizza oven, a double combination oven and stovetop, a two bucket deep fryer, salad prep table, dishwashing unit and a three bucket sink. The venue is in a popular foot traffic area and has 8 shared parking spaces, street parking and a nearby parking lot. While the company had been reported to be tracking down slightly in 2017 versus 2016, January and February of 2018 have been reported to be record months.

About the Business

Year Established:
2008
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
2,330
Lease Amount/Mo.:
$5,115.00
Facilities:
This 2,330 square foot restaurant plus patio leases for $4,480 plus $635 in CAM (common area maintenance) expenses per month, on a lease until August 2022 with one 5 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Inventory will be sold at cost at close in addition to asking price.
Market Outlook/
Competition:
While competition exists, there are few directly competing options for this type of quality dining experience in the immediate vicinity. As such, this venue has filled a market need and created a loyal customer following.
Growth & Expansion:
New operators may wish to capitalize on this venue’s stellar location, versatile build-out, bar, liquor license and patio to expand on the current concept or to implement any number of alternate concepts that may thrive
Contact the Seller

About the Sale

Reason For Selling:
Personal
Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1357690
Ad Detail Views:
715

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
View My 103 Active Listings
Memberships:


   
Certifications:

   
U.S. Census Data for Ventura County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Ventura County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.
;