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#4213
Thousand Oaks - Camarillo - Ventura

Absentee Operated IRISH PUB with 47 Full Liquor & Bar

$199,000
Sold
Absentee Operated IRISH PUB with 47 Full Liquor & Bar
This Listing is Sold

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. 

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
May 2015 + 5 Yr Option
Total Monthly Rent:
$3,975
Security Deposit:
$3,900

Financials

Last Year's Annual Gross:
$651,273
Last Year's Owner's Cash Flow:
$51,579
Last Year's Food Cost %:
55.1
Last Year's Rent %:
7.2

Operations

Liquor License:
47
# of Part-Time Employees:
10
Hours Open:
10AM -12AM 7 days
Year Established:
2011
Hood System Type 1:
Yes

Facilities

Indoor Seating:
20
Outdoor Seating:
75
# of Parking Spots:
20
Inside Sq. Ft.:
2000
Outside Sq. Ft.:
200

Highlights

  • Located in a very desirable area of Ventura County
  • Profiable business with great potential for increased bottom line increase
  • Rent factor of ONLY 7.2%
  • Nice Patio
  • Pool Table
  • TV's located throughout the establishment

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 38,064 111,882
Households 3-mi. 5-mi
2010 Number Of Households 11,107 34,640
2010 Persons Per Household 3.28 3.14
Median House Value $526,800 $469,734
Income Per Household $97,079 $93,415
Businesses 3-mi. 5-mi
2009 Number Of Businesses 749 2,572
2012 Number Of Employees 18,098 65,620
2012 Total Annual Payroll $354,655,000 $1,372,012,000

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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