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#4522
Thousand Oaks - Camarillo - Ventura

Family Restaurant with Hard Liquor in Very Desirable Ventura County

$85,000
Sold
Family Restaurant with Hard Liquor in Very Desirable Ventura County
This Listing is Sold

SellingRestaurants presents this family style restaurant nestled in one of Ventura's great communities with a type 47 hard liquor license. Tucked into the middle of this beautiful neighborhood this restaurant shines out as the premier destination for Breakfast, Lunch and Dinner.

The sale volume is high and we have sales tax returns to prove the numbers. So based on the monthly sale volume of approximately $77,870 this restaurant should be able to make a good profit for a knowledgeable operator. Current Owners have never been in restaurant business and have found themselves overwhelmed by trying to operate the business. Though they have been very successful in their marketing efforts and other business endeavors, they find themselves out of their expertise and have over hired management that haven't been as proven operators as represented, and to spite themselves the sales volume is fantasitic!   

Food and labor costs, for example are each runing 50% indicating poor food management as well as labor management. An Experienced Working operator will be able to bring costs into line and at current sales should see a 6 figure income very quickly. Current owners do not work the business but only oversee operation and have left most of the operation to the "experts" they have hired.

With all of this Sales have still continued to climb since their take over of the business as they have done some very good marketing of the restaurant. Sales of the restaurant when they bought it in 2013 were at $58,000 per month and at todays sales of $77,870 which is a 34% sales increase, so you can see the sales are strong and continue to grow month by month.

This family restaurant is well known in the community as the place to bring the family in for breakfast, go to for a tasty salad or sandwich for lunch or a nice hearty meal for dinner. The Burgers are to die for and the Entree are of the finest in area.

There is a bar area with big screen TV's to watch the days sporting events and relax with your favorite cocktail or beer and tasty appetizer. They have trivia night in the bar that has grow to one of the top locations in the country.

Owners have made many upgrades to the business upon taking over with new dinning room tables and chairs, new deco, addition of more TV's in bar area, adding outdoor dinning and much more. New easy to use POS System has been added as well. SO Much $$$ was put into these upgrades that buyer will benefit from.

Owners are looking to return to their field of expertise and are offering this restaurant at great loss to a qualified operator. 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.

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

Go to SellingRestaurants.com to get the name and address of this restaurant. 

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, 2017 +5 yr option
Total Monthly Rent:
$8,591
Security Deposit:
$8,200

Financials

Last Year's Annual Gross:
$758,000

Operations

Liquor License:
47
# of Full-Time Employees:
9
# of Part-Time Employees:
20
Hours Open:
Mon - Thurs 11am - 9pm
Fri& Sat 8am - 10pm
Sun 8am - 9pm
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Indoor Seating:
108
Outdoor Seating:
9
# of Parking Spots:
lots of shared
Inside Sq. Ft.:
3300

Highlights

  • Restaurant with Bar and a 47 Full Liquor License
  • Great Family Community
  • Surrounded by nice homes, schools, parks all bustling with people
  • Lots of parking and located in a highly trafficked center by local residents
  • Strong Sales with continued Sales increases monthly
  • Many new upgrades have been added

Financing

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

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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