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#5322
Thousand Oaks - Camarillo - Ventura

Pizza and Italian Restaurant with 22 Year History

$125,000
Available

Established Local Favorite Pizza and Italian Restaurant

20th Century Business Model means they are currently operating as CASH ONLY and YOU Have Plenty of Upside as a Result!

Located in the beautiful city of Thousand Oaks, also known as the heart of Conejo Valley, this well-established Pizza and Italian Restaurant been making great food for 22 years. And the Yelp reviews of 4+ stars certainly support this jewel!

This restaurant is nestled in middle of a high traffic shopping center with a renown Healthy Food Market, Major Drug Store, Cell Phone Store, other restaurants, and much more. This Pizza and Italian Restaurant is close to many schools, including a major University and many mid to high-end neighborhoods. Many sports teams practice in very close vicinity to the location, as well.

The restaurant offers:

  • Recently upgraded equipment
  • Patio seating with umbrellas
  • A relaxing ambiance both outdoors and inside
  • Authentic Italian menu with raving reviews
  • Lots of room for growth without a lot of effort

Current owner is looking to retire at 80 years old. Being an old-fashion business man, he opted to keep the business Cash Only to avoid credit card transaction fees as well as the social media ordering formats. This means the new owner has the opportunity for immediate sales increase by accepting credit cards for online and in store purchases. Currently, business is walking out the door upon discovering they are operating cash only. The foot traffic is there and yours for the taking!

There is currently minimal social media and online presence. Delivery has minimum hours allotted to it (largely due to their cash only policy). Adding the ability to order online and increasing social media interactions could give customers the extra nudge needed to visit the location for the first time or increase their frequency of visits.

With fixed costs already being paid, any increase in sales could yield a 50%+ profit margin.

If you’re looking for an opportunity to not only be part of a wonderful community, but to reap the benefit of bringing an established restaurant into the 21st century, this location is for you! Click the “Sign NDA” tab and see if this family friendly restaurant has the advantages you are looking for to take a great location and make it even better.

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
Dec 31 2021
Total Monthly Rent:
$5,315
Security Deposit:
$2,100

Financials

Last Year's Annual Gross:
$249,765
Last Year's Food Cost %:
33

Operations

# of Full-Time Employees:
2
# of Working Owners:
1
Hours Open:
11AM - 9PM 7 days
Year Established:
1996
Hood System Type 1:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
15
# of Parking Spots:
lots of shared
Inside Sq. Ft.:
1200+/-
Outside Sq. Ft.:
300

Highlights

  • Located in Busy Shopping Center
  • 22 Years in Business
  • Great Opportunity to see Sales Increase Fast
  • Nice Patio Area
  • Yelp reviews 4 Star ++ Love Food!!
  • Well Equipped

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 20,664 98,772
Households 3-mi. 5-mi
2010 Number Of Households 8,374 36,760
2010 Persons Per Household 2.43 2.64
Median House Value $760,600 $630,502
Income Per Household $101,146 $99,195
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,442 4,625
2012 Number Of Employees 30,142 109,302
2012 Total Annual Payroll $1,020,952,000 $3,118,818,000

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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