Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#578
Ventura Restaurants For Sale

Glossy Quick-Serve in Renovated Mall in Burgeoning Oxnard Area

$75,000
Glossy Quick-Serve in Renovated Mall in Burgeoning Oxnard Area
This Listing is Expired
This glossy counter-service restaurant with great light fixtures was fully built out only one year ago. The well lit, open and airy space seats 44 comfortably inside its 2000 sq ft with another 200 sq ft out front for seating 10 more. The Type 41 beer and wine license works well in the Oxnard area which is so close to Santa Barbara and Central Coast wineries. There is very little restaurant competition (only a pizza place, a Mexican restaurant, and a coffee shop) in this property's shopping mall location just off Hwy 101. The mall was recently renovated and offers plenty of parking. A new anchor has just signed a 16,000 sq ft retail space. Several major corporations and 2 hotels are located across the street and around the mall within walking distance offering great potential for lunch business(especially catering). Two more nearby medical and dental buildings will be completed by fall.
Monthly rent is $4511.25 with $601.50 NNN which includes normal common area charges as well as water and trash. Owner has mentioned that landlord is willing to work with the buyer on the rent. The open kitchen, lighted menu board and vivid paint colors lend themselves to a quick-serve style and lunch-driven menu. The concept could be healthy food considering the hospital nearby as well as the satellite University campus located within the mall. The mall�s hours, the extended stay hotel and the continue education offered by the University to adult students allow for dinner service as well. The addition of upscale furniture and screening behind the counter could transform this casual space into an elegant wine bar. The possibilities are endless.
Register with us and sign the confidentiality agreement in order to receive this restaurant's name and address. Registering also entitles you to view additional photos of this property and to receive advance notification of new listings in any area.
Agent Puffin So DRE License #01730371

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
8.5 years remaining
Total Monthly Rent:
$4,511
Security Deposit:
$9,624

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
1
# of Family Employees:
1
Hours Open:
10:30am - 8pm, Monday to Saturday
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Outdoor Seating:
10
# of Parking Spots:
200
Inside Sq. Ft.:
2,000
Outside Sq. Ft.:
200

Highlights

  • Located in recently renovated shopping mall conveniently located off Hwy 101
  • New medical and dental buildings going in nearby
  • Neighborhood includes townhome complex, hospital, and corporate buildings
  • Little food service competition in mall
  • Previously Asian but d�cor allows for any type of cuisine to be served
  • Type 41 liquor license allows beer and wine sales
  • Mall hours allow for serving breakfast, lunch and dinner
  • Equipment is only one year old and d�cor is fresh and bright
  • 2000 sq. ft. inside seats 44; 200 sq. ft. outside seats 10 more
  • Front wall is all windows making dining space bright and inviting
  • Landlord is willing to work with buyer on rent
  • Very easy to take over, no improvements or repairs needed

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
25%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,345 135,122 185,069
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,654 37,061 56,189
2010 Persons Per Household 3.57 3.49 3.16
Median House Value $357,200 $367,116 $389,646
Income Per Household $65,432 $63,625 $65,067
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 702 2,586 4,989
2012 Number Of Employees 21,864 78,526 145,424
2012 Total Annual Payroll $415,138,000 $1,551,045,000 $2,958,086,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.


Terms Of Use     © 2024