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#629
Ventura Restaurants For Sale

Great Asset Sale Opportunity in Simi Valley!

$120,000
Great Asset Sale Opportunity in Simi Valley!
This Listing is Expired
If you have been searching for a good restaurant location for your new concept or franchise expansion, here is a great opportunity. This Chinese restaurant is located in a big shopping mall surrounded by commercial buildings and residences. The shopping mall, anchored by a grocery and a pharmacy chain, is at the corner of 2 busy streets right off an exit of Hwy 118. This restaurant, which occupies the end unit, faces a major road that runs through the city. This 4200 sq ft restaurant has a Beer and Wine license with a spacious fully enclosed banquet room that serves private parties and special functions extremely well. Rent is only $1.65 per sq ft, with a 5 year lease remaining. The partners have major differences of opinion on how to operating the restaurant and want to immediately dissolve the partnership. Their loss is your gain! Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
Agent Puffin So DRE License #01730371

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
5 yr remaining + 0 option
Total Monthly Rent:
$6,930
Security Deposit:
$6,000

Operations

Liquor License:
41
# of Full-Time Employees:
7
# of Part-Time Employees:
1
# of Family Employees:
1
Hours Open:
11am - 9pm
close Wednesdays
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
149
# of Parking Spots:
100
Inside Sq. Ft.:
4,200

Highlights

  • Great Asset Sale Opportunity in Simi Valley
  • 4200 sq ft premises inside a busy shopping mall right off Hwy 118
  • Anchored by a grocery and pharmacy chain
  • Occupies the end cap unit, very visible from a major street that runs through the city
  • Large fully enclosed banquet room excellent for private parties and special functions
  • 5 year lease remaining at $1.65 per sq ft
  • Has a beer and wine license
  • Great for converting into your new concept or expanding your franchise
  • Owners have very different oppinion in running the business, decide to end their partnership

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 54,798 54,798
Households 3-mi. 5-mi
2010 Number Of Households 18,650 18,662
2010 Persons Per Household 2.90 2.90
Median House Value $423,400 $423,128
Income Per Household $84,216 $84,162
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,086 1,089
2012 Number Of Employees 23,478 23,494
2012 Total Annual Payroll $474,595,000 $474,744,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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