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#4878
Ventura Restaurants For Sale

Established Restaurant and Sports Bar with Full Liquor

$329,000
Established Restaurant and Sports Bar with Full Liquor
This Listing is Expired

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

This is a landmark restaurant that has served the local community for 13 years.  It has kept its edge and look thought out the years, with the owner reinvesting in the business with remodels and upgrades.  There has been no hold back in the build out and design of the restaurant and I'm sure you'll agree it is beautiful.

The Kitchen is designed to do $2++ Mill in sales without any problems and even more if you have a smart menu. Kitchen has all the equipment you could want, a separate cooking area and hood for preparation. Two walk in coolers, one for kitchen and another for beer kegs and bar use. There is also a walk in freezer and a number if reach in coolers. There is also plenty of room and equipment if an owner wanted to do off site catered events this kitchen could handle the additional preparations.

The bar is set up just as well to serve the guests their favorite cocktail as well as having a great selection of bottled beers and 4 beers on Tap. With 9 TV's in the Bar and another 6 in Dinning Area patrons can watch a variety of Sports Games.

Currently they have live bands, regularly bringing in locals looking to enjoy some good music and dancing. This has proven to be a good addition to the regular restaurant business.

Between the Bar and Dinning Room there are seats for 120 and a Outdoor Patio accommodating 46 guests.The decor is very inviting and comfortable.

Sales have been ranging at about $120K per month with yearly Gross looking to come in at about $1.6M.

A new lease will need to be negotiated with landlord who is very eager to see this restaurant continue to operate in the center as it has a great reputation and has added to a great mix of tenants.

To get name, address and see pictures just go towww.sellingrestaurants.com and select the tab titled "Sign NDA" tab and see if this is not all that it is said to be.

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

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
August 31, 2016
Total Monthly Rent:
$10,379

Financials

Last Year's Annual Gross:
$1,502,223
Last Year's Owner's Cash Flow:
$137,966
Last Year's Food Cost %:
32.8
Last Year's Payroll Cost %:
27.5
Last Year's Rent %:
9.8

Operations

Liquor License:
47/ 77
# of Full-Time Employees:
5
# of Part-Time Employees:
35
# of Working Owners:
2
Hours Open:
Mon - Thurs 7am - 9PM
Fri 7AM - 12AM
Sat 7AM - 10PM
Sun 7AM - 8PM
Year Established:
2003
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
120
Outdoor Seating:
46
# of Parking Spots:
lots
Inside Sq. Ft.:
4,741

Highlights

  • Restaurant with Full Liquor established 13 Years
  • Beautiful Decor and Inviting Feel
  • PATIO Dining
  • Cost of Goods are on high side leaving an additional $70,000 in lost potential earnings
  • Very Well Equipped Kitchen.
  • Live Bands and Dancing Weekends
  • Located in a Large Shopping Center

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 44,217
Households 5-mi
2010 Number Of Households 15,623
2010 Persons Per Household 2.70
Median House Value $474,600
Income Per Household $85,479
Businesses 5-mi
2009 Number Of Businesses 1,369
2012 Number Of Employees 32,082
2012 Total Annual Payroll $521,421,000

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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