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#5613
Ventura Restaurants For Sale

High Volume - Big Profits - Casual Upscale Concept - SBA Loan

$2,000,000
High Volume - Big Profits - Casual Upscale Concept - SBA Loan
This Listing is Expired

There are two locations included in the sale price.  We can't reveal too much detail as the sale is highly confidential and each buyer who gets the name and locations must be qualified by the broker. 

BUSINESS SUMMARY

This local brand has built a loyal and growing following by serving the finest products in the area and possibly in Los Angeles. But that's where it only begins because they have expanded the concept by adding a wonderful menu serving breakfast, lunch and dinner at one of its major locations with overwhelming success.  The concept is upscale counter order and serve. The ambience is clean, refreshing and comfortable with super high ceilings and professional servers who service their customers with a happy smile!  In other words, they are very well trained to produce happy results.

FINANCIALS

This concept is so successful that sales in 2019 are up 20% over 2018 and the growth just keeps coming because of the great service with a smile, value and of course amazingly great food. 2018 sales were $2.4 million while 2019 were $2.9 million - WHAT GROWTH!  2019 Working Owner Cash Flow is about $538,000.  Fully burden 2019 labor costs were 29.0% while food and beverage costs were 33.3% with a rent factor of 5.5%.

SBA LOAN

This business has good tax returns and an SBA loan is available for qualified buyers with 20% or more down.  Annual Estimated Payments are about $232,000 with a 10 year loan @ 7.5% interest rate. 2019 working owner cash flow was $538,000 leaving about $330,000 in available cash flow for a new owner.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Ventura Restaurants For Sale
Lease Term:
Loc. #1 Lease Expires Dec. 2027 + 5 Yr Option ----- Loc. #2 New Lease
Total Monthly Rent:
$13400 (both Locations)

Financials

Last Year's Annual Gross:
$2,899,591
Last Year's Owner's Cash Flow:
$579,000
Last Year's Food Cost %:
33.3
Last Year's Payroll Cost %:
29
Last Year's Rent %:
5.5

Operations

Liquor License:
41
# of Full-Time Employees:
12
# of Part-Time Employees:
33
Hours Open:
Fri-Sat 9AM–10PM
Sunday 9AM–9PM
Monday Closed
Tues- Thurs 9AM–9PM
Year Established:
2011
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

# of Parking Spots:
Plenty - Large Shopping Center
Inside Sq. Ft.:
Location #1 5,000 - Location #2 1,300
Outside Sq. Ft.:
Location #1 500

Financing

Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$19,372
Est. Annual Interest Rate:
7.5%
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 38,064 111,882
Households 3-mi. 5-mi
2010 Number Of Households 11,107 34,640
2010 Persons Per Household 3.28 3.14
Median House Value $526,800 $469,734
Income Per Household $97,079 $93,415
Businesses 3-mi. 5-mi
2009 Number Of Businesses 749 2,572
2012 Number Of Employees 18,098 65,620
2012 Total Annual Payroll $354,655,000 $1,372,012,000

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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