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#5035
Thousand Oaks - Camarillo - Ventura

Money Making - Italian Restaurant - Low Rent - Great Location

$125,000
Sold
Money Making - Italian Restaurant - Low Rent - Great Location
This Listing is Sold

To Visit This Restaurant, Select the Button to the Left "Sign NDA."

GREAT OPPORTUNITY FOR FAMILY RUN BUSINESS!!!

This Restaurant is located in an Established Community in the Conejo Valley just off the 101 Freeway in a very nice Shopping Center. Serving this Community since 1979 with some of the Finest Italian Foods in the area, this business is a rare find.

This is the go to place for Fresh Italian Subs or a Delicious Cheesy Pizza cooked just like Mamma did in the Old Country. Pair the great food with a bottle of Chianti or an Iced Cold Beer and Manga you are in Italian Heaven, especially finishing it off with a fresh cannelloni or tiramisu and a freshly brewed Cappuccino Italian Style.

Guests can choose to dine on the Patio or the Dining Room. Both have the comfort of a cozy Italian Country Cafe feel. There is also a counter area where guests can walk up and order to go items.  The deli also carries specialty Italian hard-to-find items, adding character to the business.

The Catering and Take Out business is a good part of the business as well (approx 40%) with pans of their famous Lasagna, specialty Pastas with their homemade sauces being some of the favorites. Bowls of delicious Salads and desert trays are also available.

The Owner is going to slow-down his life and smell the roses for a bit as he has been busy in the restaurant business since a youth and its time to pass the baton. Health issues have limited the owners involvement over the past few years and has contributed in the decision to sell the business. 

The lease has favorable terms for this area with a total monthly rent including CAM of $5,819 for the 2400 sq ft location and the 50 sq ft Patio area. The lease goes to Dec of 2019 and has 2 additional 5 year options so you are secure in this location.

A Family stepping into this business could take advantage of expanding on deliveries, grow the pizza part of business as this is a high quality pizza and offering deliveries could be a nice jump in business and then expand on the catering to offer hosted events. Also get connected on Social Media and bring in the Millennials that are seeking out Great Food but seem to only be reached on Social Media rather than the old and tired coupons, print ads,ETC.

Sales have remained strong over the years even with so many new restaurants coming into the area. Monthly sales have been averaging approximately $50.000.  Sellers stated income has been in excess of $75,000++ per year and interested buyer will need to verify theses amounts as SellingRestaurants has not done so.

The Kitchen is well equipped with all that is needed including a LARGE Dough Mixer, Double Pizza Oven, Burners, Grill, Fryer, ETC.  

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
Dec 31, 2019 + 2 5yr options
Total Monthly Rent:
$5,819
Security Deposit:
$5,400

Financials

Last Year's Annual Gross:
$594,221
Last Year's Food Cost %:
34.6
Last Year's Payroll Cost %:
28.4
Last Year's Rent %:
11.6

Operations

Liquor License:
41 Beer and Wine
# of Full-Time Employees:
2
# of Part-Time Employees:
10
# of Working Owners:
1
Hours Open:
Monday - Thursday 11:00AM - 8:45PM
Fri & Sat 11:30AM - 9PM
Sunday 4:30PM - 8:45PM
Year Established:
1979
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
lots of shared
Inside Sq. Ft.:
2400
Outside Sq. Ft.:
30

Highlights

  • Established Italian Restaurant
  • Great Community with favorable Demographics
  • PATIO Dining
  • Beer and Wine License
  • In Business 38 YEARS
  • Owner looking to Retire
  • Near Major Freeway Exit
  • Catering Offered
  • GREAT OPPORTUNITY FOR FAMILY RUN BUSINESS

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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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