Ventura Restaurants For Sale
Thousand Oaks Restaurants For Sale
Pizza and Italian Restaurant with 25 Year History
Sold
MAJOR PRICE REDUCTION!!!
SELLER WANTS TO RETIRE NOW!!!
Established Local Favorite Pizza and Italian Restaurant
PIZZA is #1 Food Category for Sales INCREASES since Covid!! (Restaurant News)
Located in the beautiful city of Thousand Oaks, also known as the heart of Conejo Valley, this well-established Pizza and Italian Restaurant been making great food for 25 years. And the Yelp reviews of 4+ stars certainly support this jewel!
This restaurant is nestled in middle of a high traffic shopping center with a renown Healthy Food Market, Major Drug Store, Cell Phone Store, other restaurants, and much more. This Pizza and Italian Restaurant is close to many schools, including a major University and many mid to high-end neighborhoods. Many sports teams practice in very close vicinity to the location, as well.
The restaurant offers:
- Recently upgraded equipment
- Patio seating with umbrellas
- A relaxing ambiance both outdoors and inside
- Authentic Italian menu with raving reviews
- Lots of room for growth without a lot of effort
There is currently minimal social media and online presence. Delivery has minimum hours allotted to it. Adding the ability to order online and increasing social media interactions could give customers the extra nudge needed to visit the location for the first time or increase their frequency of visits.
Current Rent is $4,417.27 plus CAM $843.81 For a Total $5315.07 Buyer would take over existing lease and add 2-5 year options (or your request could be proposed) Landlord is not open to negotiating this rent or future amounts. Lease has a 3% yearly increase.
With fixed costs already being paid, any increase in sales could yield a 50%+ profit margin.
If you’re looking for an opportunity to not only be part of a wonderful community, but to reap the benefit of bringing an established restaurant into the 21st century, this location is for you! Click the “Sign NDA” tab and see if this family friendly restaurant has the advantages you are looking for to take a great location and make it even better.
Restaurant Broker Stuart Schlosser DRE License #01809021
Lease
Thousand Oaks Restaurants For Sale
Financials
Operations
Facilities
Highlights
- Located in Busy Shopping Center
- 25 Years in Business
- Great Opportunity to see Sales Increase Fast
- Nice Patio Area
- Yelp reviews 4 Star ++ Love Food!!
- Well Equipped
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 20,664 | 98,772 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 8,374 | 36,760 |
| 2010 Persons Per Household | 2.43 | 2.64 |
| Median House Value | $760,600 | $630,502 |
| Income Per Household | $101,146 | $99,195 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,442 | 4,625 |
| 2012 Number Of Employees | 30,142 | 109,302 |
| 2012 Total Annual Payroll | $1,020,952,000 | $3,118,818,000 |
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.
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