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#571
Ventura Restaurants For Sale

Fast-Casual Sushi and Teriyaki Bar Restaurant

$220,000
Fast-Casual Sushi and Teriyaki Bar Restaurant
This Listing is Expired
This fast-casual sushi and teriyaki bar restaurant is located on a prime corner location near a major university and walking distance from the ocean. The restaurant serves the latest crazes in rolls and sushi, and has a beer and wine license. It adjoins a prime patio with seating for 60+ and the restaurant has an entertainment permit for the patio. The restaurant is nearly 700 square feet, with a full sushi bar and inside seating for approximately 20. Ample convenient parking. Base rent is $1,776 per month plus approximately $650 in CAM charges. The lease has almost 5 years remaining plus one 5-year option. The Seller reports monthly sales of $33,000 when operating seven days per week at full operating hours. The restaurant is modern and clean with new fixtures and equipment. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
Partner Ron Lam

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
4yr, 8 mos remaining + 5-year option
Total Monthly Rent:
$1,776

Financials

Last Year's Annual Gross:
$396,665
Last Year's Owner's Cash Flow:
$164,157

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Family Employees:
1
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
19
Outdoor Seating:
60
# of Parking Spots:
15
Inside Sq. Ft.:
687
Outside Sq. Ft.:
large

Highlights

  • Fast-Casual Sushi and Teriyaki Bar Restaurant
  • Serving the Latest Craze in Rolls and Sushi
  • Beer and Wine License and Entertainment Permit
  • Large Patio, Ample Parking
  • On a Prime Corner Location near a Major University and walking distance from the Ocean
  • Very Heavy Foot Traffic
  • Modern and Clean with New Fixtures and Equipment
  • Low Monthly Rent $1,776
  • CAM $650
  • Sq. Ft. 687 plus large outside patio
  • Nearly $400,000 gross revenue in 2005

Financing

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

Demographics

Population 5-mi
2014 Total Population 45,826
Households 5-mi
2010 Number Of Households 15,606
2010 Persons Per Household 2.89
Median House Value $634,000
Income Per Household $56,669
Businesses 5-mi
2009 Number Of Businesses 1,075
2012 Number Of Employees 42,586
2012 Total Annual Payroll $1,279,338,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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