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#4913
Area: Ventura County

Beach Area Pizza/Pasta/Sandwich/Salads - SBA Loan Avail. - Low Rent!

$434,000  
Get Demographics  
Beach Area Pizza/Pasta/Sandwich/Salads - SBA Loan Avail. - Low Rent!
This Selling Restaurants Listing is Sold
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To See This Restaurant Please Select the Golden Button to the Left "Get Name/Address."

SBA LOAN WITH 20% DOWN AVAILABLE!  

ANNUAL LOAN PAYMENTS ARE $48,000. AFTER DEBT CASH FLOW $141,000!

Located blocks from the beach and next to one of Ventura's great redevelopment areas and best neighborhood, this cool and hop pizza and Italian business has served-up great food and service for 15 years. From pastas, pizza, salads and sandwiches, this restaurant is known as a local hole-in-the-wall place with low rent and lots of traffic in the center.  YES LOW RENT! 4.9% rent factor! 

SEE VIDEO FOR OWNER INTERVIEW! LOOK TO THE LEFT. OR GO TO SellingRestaurants.com. 

For all practical purposes, this business is absentee operated as the owner lives in Huntington Beach and visits the store a couple times a week.  In fact his travel schedule is extensive and you'll rarely find him at the store.  So please don't talk to any of the employees should you visit the restaurant. 

The employees are well trained, with many of them working for the restaurant for many, many years . It can be continued to be absentee operated. The Seller's Discretionary Cash Flow is $189,000!!!

This restaurant has a system in place that allows the owner to be absent form the business. He has full security camera's as well and good checks and balances in place with loyal employees. 

There are two hood systems - a type I and type II. There is also a walk-in doubling as a soft drink reach-in. There is beer and wine served as well. 

The facility is 1,200 Sq. Ft. with a low, low rent of only about $3,200 a month! That's about 4.6% of sales!

GROW BUSINESS: There are hundreds of expensive homes a block away from this restaurant. Re-start the delivery service and watch the business grow. 

Please View our Video at www.sellingrestaurants.com and search for listing 4913. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #00893362
Listing Status:
Sold
Price:
$434,000
Location:
Ventura County
Last Year's Annual Gross:
$764,668
Last Year's Owner's Cash Flow:
$188,653
Lease Information:
August 2019 + 5 Year Option
Total Monthly Rent:
$3,200.00
Liquor License:
41
Indoor Seating:
33
Outdoor Seating:
8
# of Parking Spots:
Plenty
# of Full-Time Employees:
7
# of Part-Time Employees:
6
# of Working Owners:
1
Hours Open:
Daily 11am - 9pm
Year Established:
2001
Inside Sq. Ft.:
1200
Outside Sq. Ft.:
50
Hood System Type 1:
Yes
Hood System Type 2:
Yes

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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