#958
Ventura Restaurants For Sale

Elegant Wine Bar in Historic Downtown Ventura County Area with Type 47

$325,000

This award winning wine bar has a Type 47 liquor license. This good looking restaurant/bar features plush curtains, ornate carpeting, a serpentine granite-topped bar, tall pub tables, and a copper water feature has been drawing ever more customers since current owners took over this business one and a half years ago. It�s been a wine bar for over 4 years. Sales have been increasing each month with the most recent data showing an average of $27,000 for the month of November and December, 2007. The space of 1,000 square feet seats 30 inside. Outside, a back patio seats an additional 20 in its 460 square feet.Parking is plentiful in front and in back (in a large parking lot) of the establishment. The kitchen is small, but has creative menu of unique local favorites. A wooden wine locker in the front of the bar allows for even more wine sales as the 15 lockers can be rented out for exclusive membership. Right now the well drinks are poured using premium liquors, so the liquor cost is high. No happy hour incentives have been needed so far. The downtown district draws much foot traffic from tourists. Good promotions from current owners and live entertainment draw many locals and resort guests. The business is maintained by a few employees with minimal supervision from owners (who are relocating to another area). It�s open from 5 p.m. during the week and from 3 p.m. on the weekends. This beautiful space requires zero upgrades or changes. The business is successful enough to take over with no adjustments. The listing price is $350,000. The lease is $2,150 per month. Buyer will get a 3 year lease + a 3-year option. A license that allows the retail sales of beer and wine and consignment artwork is included in the sale. Submit the online confidentiality agreement in order to receive this restaurant's name and address. Completing the confidentiality form also entitles you to view additional photos and receive advance notice of new listings in your area.

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

Lease

Region:

Ventura Restaurants For Sale

Lease Term:

Expires May 31, 2008 + one 3 year option

Total Monthly Rent:

$2,150

Security Deposit:

$8,600

Financials

Last Year's Annual Gross:

$311,000

Last Year's Owner's Cash Flow:

$114,252

Last Year's Food Cost %:

41%

Last Year's Payroll Cost %:

20%

Last Year's Rent %:

8.67%

Operations

Liquor License:

# of Part-Time Employees:

# of Family Employees:

Hours Open:

7 days
Mon to Thu 5pm - 12 am
Fri 5pm - 1am
Sat 3pm - 1am
Sun 3pm - 9pm

Year Established:

2003

Facilities

Indoor Seating:

Outdoor Seating:

# of Parking Spots:

Inside Sq. Ft.:

1,000

Outside Sq. Ft.:

460

Highlights

Located along the main street of historic downtown area with many locals and tourists
Has retail license for art consignment and beer and wine
Type 47 liquor license allows full liquor sales and boasts a Martini crowd
Parking is plentiful in front and back
15 wine lockers allow for more sales of full bottles of wine and exclusive membership
Consists of upscale and pristine furniture and decor both inside and outside
New 42� plasma T. and high-end sound system included in sales
Small menu is easy to execute and doesn�t require an executive chef
Very easy to take over, no improvements or repairs needed
Additional Wine Club Program set up and ready to launch
Website is upscale and functional and has the capability to launch a shopping cart
Micros 3200 POS system is in place and allow for remote operation

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

Demographics

Population	5-mi
2014 Total Population	20,056
Households	5-mi
2010 Number Of Households	8,280
2010 Persons Per Household	2.44
Median House Value	$514,900
Income Per Household	$62,133
Businesses	5-mi
2009 Number Of Businesses	638
2012 Number Of Employees	10,594
2012 Total Annual Payroll	$188,201,000

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.

Other Listings in the Area

#6496

Popular Restaurant in Ventura County - Facility Only

Lease:
Expires 5/30/2027 + Options

Monthly Rent:
$14,517

Annual Revenues:
$2,800,000

Square Feet:
5,000

Available
$299,000
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