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#6404
Thousand Oaks Restaurants For Sale

Fine Italian Restaurant for Sale with Beer and Wine 35 Year History

$99,000
Available
Fine Italian Restaurant for Sale with Beer and Wine 35 Year History



ADD TO FAVORITE

PRICE NOW REDUCED TO ASSET SALE

THE OWNER JUST CALLED AND SAID HE IS READY TO RETIRE AND TRAVEL AND WANTS TO SELL NOW, so the price has had a major price reduction that a buyer that likes the concept has an opportunity to step into a time proven business OR at this price you can come in and get a FULLY FUNCTIONAL RESTAURANT for a Fraction of the cost of building from scratch and BRING IN YOUR CONCEPT.

Great opportunity to to enter a Great area of Thousand Oaks with a restaurant that has under market Rent for the area, on a Busy Street, with a Patio for eye appeal, beautiful decor and all it needs is an energetic operator that can come in and rekindle the magic.

For 35 YEARS this Italian Restaurant has been serving the Conejo Valley with some of the best Italian Meals in the area.

The restaurant is fully staffed with seasoned professionals. The Chef has been preparing delightfully delicious meals and has a strong following.

The Restaurant has a Beer and Wine License. 

There is a Patio area with umbrellas that catch the attention of the cars that travel past on a very busy street.

The Dining Room has a warm and comfortable feel that has been set up very nicely with pony walls that help give guests some privacy while dining.

The restaurant prior to Covid had been open for both Lunch and Dinner but since the shutdown when they returned they are only opening for Dinner 7 days a week (4 hours per day, 27.5 hours for the week). New Owner could add Lunch back for additional sales potential.

The restaurant is about 2100 Sq Ft with a rent of a total of $6060 which is a very favorable rate for Thousand Oaks. There is a space next door that prior to Covid the restaurant had set-up for banquets, this could be negotiated with landlord if this is of interest in adding another potential for growth.

The kitchen has a 16 foot hood with a pizza oven, burners, oven, fryer, grill and more.

If this sounds of interest to you and you would like more information on this business please sign the NDA on our website. You will immediately get pictures, name and address.

PLEASE REMEMBER TO KEEP YOUR VISIT CONFIDENTIAL.

  Stuart 818 519 2748 call or Text                                                                                                       [email protected]

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Thousand Oaks Restaurants For Sale
Lease Term:
Dec 31, 2024 plus 2- 5 year options
Total Monthly Rent:
$6,061

Operations

Liquor License:
41 Beer and Wine
# of Full-Time Employees:
6
# of Part-Time Employees:
2
# of Working Owners:
1
Hours Open:
Mon- Sat 5:30pm - 9:30pm
Sunday 5:00PM - 8:30PM
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Outdoor Seating:
12
# of Parking Spots:
lots
Inside Sq. Ft.:
2,092
Outside Sq. Ft.:
100

Highlights

  • Patio
  • Beer and Wine
  • Great Rent for Thousand Oaks
  • Located on Busy Street
  • Lots of Parking
  • Long History
  • Potential to add Catering/ Banquet Room

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 41,107 98,772
Households 3-mi. 5-mi
2010 Number Of Households 14,823 36,760
2010 Persons Per Household 2.76 2.64
Median House Value $556,000 $630,502
Income Per Household $93,042 $99,195
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,386 4,625
2012 Number Of Employees 37,462 109,302
2012 Total Annual Payroll $756,677,000 $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, 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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