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#5250
Thousand Oaks - Camarillo - Ventura

Great Neighborhood Profitable Restaurant - Thousand Oaks SBA Approved

$380,000
Available

To get Name and Address go to SIGN NDA Link to the Left

NUMBERS IN FOR 2018 NOW SBA APPROVED!!!!

At Current Asking Price a Buyer would ONLY NEED $135,000 plus Closing Costs to purchase this Restaurant with an SBA loan. Buyer must qualify for the loan...Estimated Monthly payments of Only $3,021...

This restaurant is every owner’s dream come true! Not only is the location incredible, the opportunity is outstanding! The current owner has worked hard to continue to build on the restaurant’s great reputation and maintain it’s status as a local favorite. The owner is looking at another family venture to take on and would like to offer this opportunity to the right person to carry on it’s legacy.

  • Turn-key and ready for the new owner to take over!
  • This restaurant is perfectly nestled on a busy corner off the 101 Freeway AND has PLENTY of parking!
  • Name and concept are included, along with a loyal customer base and fantastic reviews of the food and atmosphere!
  • This restaurant comes with a rich history the new owner can take pride in!
  • Perfect for someone looking for a profitable location with sales trending upward.
  • New owner can enjoy the perks of a close-knit community priding itself in supporting local businesses!
  • This location's front patio seating instantly greets and warms customers.
  • The layout provides comfortable seating for guests both sharing an intimate experience or those looking for a night out with friends and family.
  • This restaurant sits on the corner of a shopping center, giving it added visibility. 
  • Website features menu, history, and images, but currently does not have ordering functionality. New owner could add this in as an extra service to continue generating new revenue.
  • Currently closed Mondays. New owner could extend hours. 
  • Landmark menu with recipes carried over from the founder's family tradition lets customers feel like they are part of the family and not just a customer. 
  • This location has a Beer and Wine License.

There is  plenty of opportunity to continue to increase sales and profit for this business. The current owner has taken the guess work out of how to do that with repeated sales increases over the last 3 years of takeover. New owner will get training complete with the knowledge and skill the current owner is equipped with!

Don’t miss this small town favorite slip through your fingers!

PLEASE REMEMBER TO KEEP YOUR VISIT CONFIDENTIAL!! When Visiting the restaurant Do NOT talk to workers about it being for sale. This is important to keep business operations strong and you as a Buyer would probably want to retain a well trained staff as well.

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, 2025 + 10 year option
Total Monthly Rent:
$5,474
Security Deposit:
$6,514

Financials

Last Year's Annual Gross:
$554,870
Last Year's Owner's Cash Flow:
$122,037
Last Year's Food Cost %:
34.0
Last Year's Payroll Cost %:
18.5
Last Year's Rent %:
12

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
6
# of Family Employees:
1
# of Working Owners:
2
Hours Open:
8AM - 8:30PM Tuesday - Sunday
Closed Monday
Year Established:
1981
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
38
Outdoor Seating:
24
# of Parking Spots:
Shopping Center
Inside Sq. Ft.:
1680
Outside Sq. Ft.:
200

Highlights

  • Beautiful Conejo Valley Location
  • Great Reputation since 1981
  • Yelp, Trip Advisor and Yahoo 4.5 Stars
  • PATIO Out Front
  • Beer and Wine License
  • Lots of PARKING
  • Well Trained Staff
  • SBA APPROVED for qualifying Buyer

Financing

Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$3,021
Est. Annual Interest Rate:
8%
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 45,315 80,308
Households 3-mi. 5-mi
2010 Number Of Households 15,076 28,066
2010 Persons Per Household 2.93 2.77
Median House Value $576,600 $532,168
Income Per Household $104,665 $99,899
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,167 2,091
2012 Number Of Employees 0 29,790
2012 Total Annual Payroll $0 $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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