This Mexican-themed restaurant has a booming bar business selling primarily beer and tequila-based mixed drinks. The Seller claims the monthly gross sales are $40,000 to $60,000. The type 47 liquor license also includes a caterer permit which allows the sale of beer and wine outside the premises. The current owner has not yet availed himself of these advantages. Set in an earthquake-reinforced historical brick building in Historic Town, this restaurant is close to the train station and across the street from a large public parking lot. Street parking is also plentiful. The current owner installed a wall between his bar area and his main dining room, but the wall can be removed to create a large (3000+ sq. ft.) bar and lounge combination. The back door has also been walled in, but it can be reopened. It potentially leads to a 150 sq. ft. back patio. The lease is transferable and extremely favorable: $2,000 per month including NNN until Dec. 2007. From Jan. 2008 to 2011, the rent will be $2100 per month. Restrooms are new as is much of the equipment including an ice machine, 3-door freezer, swamp cooler, grease trap, exhaust system, microwave oven and two refrigerated beverage cases. Three television sets in the bar area will remain with the property. A few more T.V.s placed strategically around the room (once the wall is taken down and the visible kitchen screened off) plus comfortable lounge seating would transform this spot into a great Sports Bar & Grill for entertaining the hard-working locals. A talented chef could make great use of the seafood license which comes with this restaurant. Submit the online confidentiality agreement in order to receive this restaurant's name and address. Completing the confidentiality form also entitles you to view additional photos and receive advance notice of new listings in your area.
Agent Puffin So DRE License #01730371
Lease
Region:
Ventura Restaurants For Sale
Lease Term:
5 yr 3 mth remaining + 0 Option
Total Monthly Rent:
$2,000
Operations
# of Full-Time Employees:
7
# of Part-Time Employees:
6
Hours Open:
7 days a week
Monday to Sunday 8am to 11:30pm
Highlights
- Corner location at the intersection of two busy streets
- Next to train station and public parking lot
- Lease is $2K per month including NNN
- Earthquake-retrofit historic building
- In same location for 30 years
- Seats 70 inside with additional seating outside possible
- Nearly New Equipment
- Type 47 liquor license.
- Wine and sake sales haven
- Owner currently sells 70-80 cases of beer and 4-7 bottles of tequila per week
- Monthly gross sales are $40,000 to $60,000 - Buyer Must Validate.
- Owner will help pay for new signage to meet city codes
Financing
Will Seller Lend To Buyer:
Yes
Demographics
Population |
1-mi. |
5-mi |
2014 Total Population |
81,543 |
106,119 |
Households |
1-mi. |
5-mi |
2010 Number Of Households |
17,065 |
24,643 |
2010 Persons Per Household |
4.81 |
4.25 |
Median House Value |
$265,700 |
$277,385 |
Income Per Household |
$53,400 |
$53,220 |
Businesses |
1-mi. |
5-mi |
2009 Number Of Businesses |
592 |
834 |
2012 Number Of Employees |
14,846 |
19,946 |
2012 Total Annual Payroll |
$288,075,000 |
$365,983,000 |
click for more demographic info
Disclaimer
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