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#5504
Ventura Restaurants For Sale

Beach and Marina Area Nearly New Restaurant For Sale

$65,000
Beach and Marina Area Nearly New Restaurant For Sale
This Listing is Expired

ABOUT THE RESTAURANT: This restaurant has served the greater Channel Islands area for nearly two years. Even with very high Yelp Reviews it has struggled to establish itself in the community, most believe it is because the name is a bit confusing and some might not realize it is a restaurant. Open very limited hours of 11:00 AM – 7:00 PM Monday – Saturday and closed on Sundays (which could be a busier day). This could be a nice Breakfast place for an owner looking to increase into that day part.

The restaurant was built new in 2017 with all new equipment, fixtures and furniture. With high ceilings and a fresh, very clean and inviting atmosphere guests feel the relaxed and comfortable environment.

From entering the Shopping Center this beautiful restaurant catches the eye the moment one sees it and it only gets better as one walks through the doors into the Beautiful Clean and Open decor of the dining area to the comfort of the patio area. Sitting between a major grocery and drug store the traffic they bring past the location is great.

RECIPES & TRAINING: The recipes and training are included in the sales price. Restaurant is well staffed with Cooks and counter people that would be willing to stay on if Buyer so chooses to continue this concept.

KITCHEN: There is a well-equipped exhibition kitchen with a large hood system, a grease trap and is set-up for easy operations and cleaning.

LIQUOR: Currently there is NO Liquor License but Tenant and Landlord have been working on getting approval from one of the current tenants to allow this restaurant to add beer and wine if owner decides it’s needed.

LEASE: Expires Sept 15 th, 2022 with a 5 yr. options. All-in monthly rent is $3945.10 with 1,371 Sq. Ft. plus a patio area. The lease has a 3% yearly increase so the rent will not get out of hand.

GREAT AREA: The Channel Islands Area is a very desirable area in Southern California. With a Navy Base in the immediate area and the Boat Marina, Beaches and more just blocks away this area draws many people from other areas as well as the current residence.

INVESTMENT IN RESTAURANT: Owner spent in excess of $350,000 getting this restaurant open, with over $250,000 in construction costs, apprx $50,000 in equipment and another $50,000 in other costs. Buyer is now able to come into a virtually new facility for a Fraction of that cost.

A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant. There would not be a need to change much over to a different style of restaurant.

So come on by and see if this place is not all stated above and more.

Click on the "Sign NDA" tab and get name, address and pictures of this opportunity and see if this might just be the place you've wanted.

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
Sept 16, 2022 + 5 Yr option
Total Monthly Rent:
$3,945
Security Deposit:
$10,906

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
5
# of Working Owners:
2
Hours Open:
11:00 AM - 7:00 PM 7 days a week
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
14
Outdoor Seating:
30
# of Parking Spots:
big lot
Inside Sq. Ft.:
1,371
Outside Sq. Ft.:
100

Highlights

  • Newly Built 2017(all New equipment)
  • Located in Busy Shopping Center
  • Patio Area
  • Nice Looking Restaurant
  • Large Hood
  • Lots of Parking
  • Nice kitchen area
  • DIGITAL MENU BOARD $$
  • VERY CLEAN!!

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,576 106,119 195,681
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,578 24,643 49,472
2010 Persons Per Household 2.98 4.25 3.86
Median House Value $303,700 $277,385 $319,371
Income Per Household $52,814 $53,220 $59,291
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 222 814 2,691
2012 Number Of Employees 4,536 19,382 75,016
2012 Total Annual Payroll $59,989,000 $348,064,000 $1,492,453,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.


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