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#4929
Ventura Restaurants For Sale

Asian Restaurant with Full Liquor on Busy Street

$70,000
Sold
Asian Restaurant with Full Liquor on Busy Street
This Listing is Sold

To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."

YES YOUR EYES ARE NOT DECEIVING YOU SELLER ASKING ONLY $70,000 Full Liquor, Patio, Great Location!!!

This restaurant HAS LOCATION, Location, location as it sits at streets edge, with people walking by all day long. With a nice patio for guests to relax, enjoy their favorite drink and a delicious meal as they watch the people stroll by. There is a 47 full Liquor License so whether its a favorite cocktail or one of the craft beers or a fine wine offering you've got everyone covered. The dinning room has a very comfortable atmosphere and able to accommodate both small and larger parties.

The kitchen has all the standard equipment to accommodate just about any cooking style, so you can either continue to build upon the current concept or bring your own as the layout of this restaurant will lend to an easy conversion. Current sales range between $30-$37K per month per register reports. So a you could continue with present restaurant style and devote some time to build upon these sales as current owner has 3 other businesses as well as this one and just doesn't have the time to be here to build sales.

This restaurant comes with Common Area bathrooms and entrance area in front. Total rent is ranges from $8,600 to $8,900 a month.  This includes the NNN/CAM as well as electric, gas, water and janitorial services.  Rent varies on utility usage. 

At current sales owner states the take home from this restaurant has been in the $3,000 - $5000 per month range. Buyer MUST verify this information. A working owner could cut back on some labor as current owner is there limited hours on Friday, Saturday and Sunday where he fills in and oversees the business. The restaurant currently offers an Organic style of Asian cooking with little promotion. With over 80 Yelp reviews and a 4.5 Star Rating this is a much loved place by those who have experienced it. 

Please visit SellingRestaurants.com to get more information. 

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

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
Nov, 30 2020 + 5 yr option
Total Monthly Rent:
$8,600
Security Deposit:
$10,000

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
3
# of Working Owners:
1
Hours Open:
11:00 AM - 10:00 PM 7 days
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Outdoor Seating:
16
# of Parking Spots:
street and lot
Inside Sq. Ft.:
2,525

Highlights

  • Great Location with Foot Traffic
  • Full Liquor 47 License
  • PATIO Dining
  • Continue Concept or Bring Your Own
  • 4.5 STAR YELP Reviews

Financing

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

Demographics

Population 5-mi
2014 Total Population 33,470
Households 5-mi
2010 Number Of Households 12,933
2010 Persons Per Household 2.52
Median House Value $414,100
Income Per Household $52,407
Businesses 5-mi
2009 Number Of Businesses 1,046
2012 Number Of Employees 18,782
2012 Total Annual Payroll $367,593,000

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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, 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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