This Irish Pub has a hard liquor license and is located in East Ventura County. The business was established in 2011 and sales have continued to climb year after year but it is absentee operated and needs someone who can turn the costs around to normal levels with food and pour costs running the 55% range!
THE QUICK ANALYSIS: This year's (2014) revenue ought to be in the $650,000 area. That gives this business a rent factor close to 7% and if you know this business then you'd know that with revenues of $650,000 a good working operator ought to make about $130,000 from this business a year, that's a 20% return. Okay maybe you're not the greatest operator and net 15%...that's still $100,000+ and a good operator will most certainly increase the sales and therefore the profit. Current cost of sales are 55%.
Like a mosquito in a nudist colony, there is so much opportunity here that one doesn't know where to start! You can instantly build equity if you know how to fix the cost issues.
Current owners are absentee owners in that one comes in once a week to do orders, payroll and over see the operation and the other once or twice a month for a few hours per visit. This has left the employees to have free reign in the running of the operation. The lack of management and controls makes this a no brainer for an experienced operator. They have the volume. Now it needs the fixer.
The place has become a favorite gathering place for the locals, drawn in Karaoke, DJ and other activities that makes this place fun to hang out in. There is also a pool table and an outside patio to relax and enjoy this areas great weather.
Please go to SellingRestaurants dot com to get the name and location of this pub.
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