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#5294
Thousand Oaks - Camarillo - Ventura

12 Years in Business - Absentee Rest. & Bar W/Hard Liquor

$149,000
Available

Want to See This Business?  Select "Sign NDA" on SellingRestaurant.com Listing 5295

Great Long Standing Restaurant and Bar nestled in one of Ventura's great communities. Located in a busy neighborhood shopping centers with a Major Food Market and Drug Store and may other businesses. The Bar has a type 47 hard liquor license and separate entrance of its own for convenient access catering to the adult population. Tucked into the middle of this beautiful neighborhood this restaurant shines out as the premier destination for Breakfast, Lunch and Dinner. Many of the Locals find this their "Go To Place" for a good menu variety that has something for everyone.

The sales volume is about $66,000++ per month range for 2018. There is plenty of upside that an experienced operator can fix and add lots of revenue and profit. The Cost of Goods and Labor Costs have risen because there is no one there to over see the daily operation. This restaurant should produce a nice profit for a working operator who will implement the needed controls. Current Owners have another business and full time career and find they do not have the time needed to operate this business the way it needs to be run. They have found that trying to run this Restaurant in their spare time is just too much to handle so they are offering this restaurant at greatly reduced price to a qualified operator.

The bar area is setup with big screen TV's to watch the days sporting events and relax with your favorite cocktail or beer and tasty appetizer. The restaurant has begun doing outside catering events but due to owners not having the time to build on these sales they have slowed down. An owner operator who can focus on this could see this area of business grow substantially with the vast number of businesses in a close proximity needing food for office meetings and other events.

The Dining Room has a comfortable Open Air feel with comfortable tables and booths throughout. The layout makes it easy to accommodate large parties when the need arises. With seating for 100+ people throughout, there is no lack when guests arrive.

Current Lease runs through March 31, 2022 and has a 5 yr option.

Buyer will need to show good experience in the restaurant business and plenty of cash and have strong financials as the landlord will require this for the lease assignment.

DON'T wait as this kind of opportunity in such a beautiful area in Ventura County does not come along everyday.

Want to See This Business?  Select "Sign NDA" on SellingRestaurant.com Listing 5295

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
March 31, 2022 + 5 yr option
Total Monthly Rent:
$11,150
Security Deposit:
$8,200

Financials

Last Year's Annual Gross:
$793,000
Last Year's Food Cost %:
31.5
Last Year's Payroll Cost %:
48.4
Last Year's Rent %:
19.9

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
20
Hours Open:
9am to 9pm Mon - Fri
8am to 9pm Sat & Sun
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
12
# of Parking Spots:
allot shared
Inside Sq. Ft.:
3300
Outside Sq. Ft.:
100

Highlights

  • Restaurant with Bar and a 47 Full Liquor License
  • Surrounded by nice homes, schools, parks
  • Great Family Community
  • Separate Bar entrance for easy accessibility
  • Long History in Area
  • Known for Great Breakfast, Lunch or Dinner

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 34,993 80,308
Households 3-mi. 5-mi
2010 Number Of Households 12,990 28,066
2010 Persons Per Household 2.59 2.77
Median House Value $480,600 $532,168
Income Per Household $94,368 $99,899
Businesses 3-mi. 5-mi
2009 Number Of Businesses 924 2,091
2012 Number Of Employees 29,790 29,790
2012 Total Annual Payroll $896,297,000 $896,297,000

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, foreward 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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