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#5493
Ventura Restaurants For Sale

Restaurant/Bakery - on the BLVD in T.O. with Patio - Beer and Wine

$150,000
Sold
Restaurant/Bakery - on the BLVD in T.O. with Patio - Beer and Wine
This Listing is Sold

ABOUT THE RESTAURANT: This restaurant has served the Thousand Oaks area for nearly two years, yet it has become a local favorite to many who are familiar with their Valley location.  It started by serving only Breakfast and Lunch, and its reputation grew with locals so they expanded to dinner hours on Thursday - Sunday.  Known for serving dishes from their country, this restaurant is capturing a niché one person at a time. 

This is a beautiful restaurant from the moment one sees it from the street and it only gets better as one walks through the doors into the beautiful decor of the dining area to the comfort of the patio.  The colorful Bakery Display Case shows-off the array of colorful and appealing delicacies, making it the center piece of the restaurant. 

The Bakery's reputation is well know in their ethnic community and among all those who have tried their signature items. Expand the business by wholesaling the products to local restaurants as well as grocery stores and coffee shops. 

RECIPES & TRAINING: The recipes and training are included in the sales price. Restaurant is well staffed with Bakers and Cooks that would be willing to stay on if Buyer so chooses.

KITCHEN: There is a well equipped kitchen with a good size hood system, a grease trap and is set-up for easy operations and cleaning. 

LIQUOR: Beer and Wine license. 

LEASE: Expires Feb 29, 2024 + 2 x 5 yr options. All-in monthly rent is $4,172 with 1,234 Sq. Ft. plus a patio. 

SALES: Sales have steadily grown since opening, starting at about $35,000 a month and ending the year at $47,000 in December 2018, finishing its full year of operations just shy of $500,000. 

GREAT AREA: Thousand Oaks is a very desirable area in Southern California with a strong economy, great homes, schools and recreational offerings.

A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant would not need much done to change over to a different style of restaurant.

Click on the "Sign NDA" tab and get name, address and pictures of this opportunity and see if this might just be the place you've wanted.

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

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
Feb 29,2024 + 2- 5 yr options
Total Monthly Rent:
$4,872
Security Deposit:
$3,395

Financials

Last Year's Annual Gross:
$496,849
Last Year's Owner's Cash Flow:
$39,478
Last Year's Food Cost %:
20.5
Last Year's Payroll Cost %:
41.5
Last Year's Rent %:
11.7

Operations

Liquor License:
41 Beer and Wine
# of Full-Time Employees:
5
# of Part-Time Employees:
2
Hours Open:
Mon - Wed 9am - 3pm Break and Lunch only
Thurs 9am - 9pm
Fri & Sat 8am - 10pm
Sun 8am - 9pm
Year Established:
2017
Hood System Type 1:
Yes

Facilities

Indoor Seating:
33
Outdoor Seating:
26
# of Parking Spots:
shared
Inside Sq. Ft.:
1,234
Outside Sq. Ft.:
200

Highlights

  • Located on Major Street
  • Inviting Patio
  • Beer and Wine
  • Parking
  • Newer Constucted Building
  • Great Neighborhood
  • Nice Kitchen
  • Great YELP Reviews

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 37,001 139,186
Households 3-mi. 5-mi
2010 Number Of Households 13,563 51,126
2010 Persons Per Household 2.65 2.67
Median House Value $631,600 $639,989
Income Per Household $104,715 $104,011
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,797 6,180
2012 Number Of Employees 41,698 142,384
2012 Total Annual Payroll $1,341,189,000 $4,098,002,000

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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