#546
Ventura Restaurants For Sale

Booming Bar & Grill in Historic Town with Type 47 Hard Liquor License

$230,000

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

Liquor License:

# of Full-Time Employees:

# of Part-Time Employees:

Hours Open:

7 days a week
Monday to Sunday 8am to 11:30pm

Year Established:

30+

Hood System Type 1:

Yes

Facilities

Indoor Seating:

# of Parking Spots:

Inside Sq. Ft.:

3,200

Outside Sq. Ft.:

150

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 SBA Finance:

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

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.

Other Listings in the Area

#6496

Popular Restaurant in Ventura County - Facility Only

Lease:
Expires 5/30/2027 + Options

Monthly Rent:
$14,517

Annual Revenues:
$2,800,000

Square Feet:
5,000

Available
$299,000
Add To Favorites