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#4900
Thousand Oaks - Camarillo - Ventura

Italian Restaurant a Community Icon with Beer and Wine

$80,000
Sold
Italian Restaurant a Community Icon with Beer and Wine
This Listing is Sold

This Italian Restaurant has been a part of this Conejo Valley community since 2008 and has made its mark with the locals and those passing through.  Great Yelp reviews made this restaurant the special go to spot for great Italian food. Located in one of Conejo Valleys preferred areas, the restaurant has both lunch and dinner crowds to draw from.  

Making some of the best Pizza in the area and great pasta dishes as well as the typical Italian dishes like Chicken Piccata and Marsala, fettucini,.spaghetti, eggplant  parmigiana, lasagna...you name the Italian dish, and they have it.

Owner has been busy taking care of his guests for many years now he says its time to retire and pass this little gem off to someone new that can continue to build upon what he has put in place. New owner could get some social media going to connect with the customers more. Then there is the possibility to expand upon the beer and wine offerings to bring in those looking for a nice little quaint place to enjoy a specialty beer with a great meal. Because of his age owner has cut operating hours back considerable over past few years that a new owner could expand the business by opening more as well.

Owners stated profit has been in the $60,000 per year range, this has not been verified by SellingRestaurants. This would be a great business for a family where they could cut back on some of the labor and keep more of the profits for themselves.

Anyway you look at it, this is a great little restaurant at a Great Price with so much potential for the right operator.

To get name, address and see many pictures just go to the tab "Sign NDA" and see if this is not all I have said it is or go to SellingRestaurants.com and search for listing 4900. 

 

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
New Lease
Total Monthly Rent:
$3,339
Security Deposit:
$1,458

Financials

Last Year's Annual Gross:
$255,125
Last Year's Owner's Cash Flow:
$58,329

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
5
# of Working Owners:
1
Hours Open:
11:30AM - 2:30PM 5:00PM - 9:00PM
Mon - Fri
5:00PM - 9:00PM
Sat and Sun
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
55
Outdoor Seating:
8
# of Parking Spots:
lots of shared
Inside Sq. Ft.:
1620
Outside Sq. Ft.:
20

Highlights

  • Long Time Successful Italian Restaurant
  • Great Yelp Reviews
  • Solid Business
  • Located in a beautiful community
  • Owner ready to retire
  • Priced to sell fast

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 45,315 80,308
Households 3-mi. 5-mi
2010 Number Of Households 15,076 28,066
2010 Persons Per Household 2.93 2.77
Median House Value $576,600 $532,168
Income Per Household $104,665 $99,899
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,167 2,091
2012 Number Of Employees 0 29,790
2012 Total Annual Payroll $0 $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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