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#894
Ventura Restaurants For Sale

Harborside Deli and Sandwich Cafe with Beer & Wine

$123,000
Sold
Harborside Deli and Sandwich Cafe with Beer & Wine
This Listing is Sold
A gorgeous view of the harbor has been greeting customers in this Oxnard space since 1974. Currently it�s a casual sandwich shop serving breakfast and lunch daily with 1 full-time employee and 2 part-timers offering counter service to 26 seats inside (400 square feet) and 18 seats plus 4 barstools outside (400 square feet). The type 41 liquor license allows beer and wine sales. The owner, who wants to retire, has courted the locals. Although sales soar in July and August from extra tourist traffic, he has steady business all year round since the restaurant is right across the street from a large townhouse development. The asking price of $123K is moderate compared to his profit which should increase further once the under-construction shopping center next to his restaurant is completed (around late November). He has 2 years and 4 months remaining on his lease with one 5-year option. Lease expires February of 2010. The rent of $1285/mo. or 4% of gross sales includes CAM and gas. The chef is willing to stay with the new owner. There is plenty of parking in the harbor and no fast food or quick serve chains nearby at all. Many of the boaters order boxed lunches for their outings. A little charm would go a long way in this well-positioned caf�. Financials will be available to serious buyers. 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 so you can digest all the hottest bites first.

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

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
2yr 4mo remain+one 5yr option (lease expires Feb of 2010)
Total Monthly Rent:
$1,285
Security Deposit:
$2,569

Financials

Last Year's Rent %:
7.54

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
2
Hours Open:
7am to 4pm 7 days a week
Year Established:
1974
Hood System Type 1:
Yes

Facilities

Indoor Seating:
26
Outdoor Seating:
22
# of Parking Spots:
40
Inside Sq. Ft.:
400
Outside Sq. Ft.:
400

Highlights

  • Located in the Channel Islands Harbor in Oxnard with plenty of parking and great views of the boats coming and going
  • Tourists in the summer months increase business dramatically
  • Owner is willing to finance the asking price if the terms are right
  • Rent of 4% of gross sales or $1285/mo. (whichever is higher) includes CAM and gas
  • Beer and wine license included
  • Chef is willing to stay with the new owner
  • Restaurants have been operating continually in this space for the last 33 years
  • Only 1 full-time employee and 2 part-time employees needed to run the business
  • Perfect for a husband-and-wife team or small family to run
  • Breakfast-and-lunch operating hours allow owners to be home at dinnertime
  • Across the street from a large townhouse complex
  • Excellent entry-level opportunity

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
depends%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,809 30,809 114,138
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,909 9,926 32,407
2010 Persons Per Household 2.79 2.79 3.36
Median House Value $389,400 $388,733 $347,634
Income Per Household $80,538 $80,400 $62,393
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 278 306 2,079
2012 Number Of Employees 3,132 3,132 59,606
2012 Total Annual Payroll $55,373,000 $69,732,000 $1,186,459,000

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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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