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#3606
Thousand Oaks - Camarillo - Ventura

Restaurant and Sports bar W/Hard Liquor - SBA Approved For 20% Down! $335k Adj. Net!

$795,000
Sold
Restaurant and Sports bar W/Hard Liquor - SBA Approved For 20% Down! $335k Adj. Net!
This Listing is Sold

It isn't too often one can find a profitable sports bar where the SBA has already approved this business for a 80% loan to value for the qualified buyer, but we have one here.

Located in the beautiful Ventura county area and miles from the harbor and beaches, this sports bar is a local favorite as the numbers show. The owner continues to invest in this business with new carpeting, more big screen TV's, and much more...and the numbers remain strong.

The 2012 Seller's Discretionary Income was about $335,000, giving this deal only a multiple of 2.4 times.  In other words in less than 2.5 years, you have your investment back! There aren't too many deals like this out there!

So if you have restaurant experience with restaurant of the same size or bigger, if you have good credit and the 20% down payment, we can get you into your dream restaurant and sports bar.

The owner is retiring.

This is a Paramount Restaurant Brokers,inc. Listing

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
expires Sept 2016 + 2 x 5 yr options
Total Monthly Rent:
$9,675
Security Deposit:
$7,900

Financials

Last Year's Annual Gross:
$1,750,000
Last Year's Owner's Cash Flow:
$335,000
Last Year's Food Cost %:
27.9
Last Year's Payroll Cost %:
22.2
Last Year's Rent %:
9.6

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
27
Hours Open:
Breakfast, lunch and dinner 10PM
Fri & Sat 1AM
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
200
Outdoor Seating:
80
# of Parking Spots:
lots
Inside Sq. Ft.:
5829
Outside Sq. Ft.:
1300

Highlights

  • PROFITABLE Restaurant, Bar, Club
  • Great Sales and Profit
  • Residential and Commercial businesses in immediate area.
  • Outdoor Patio Dinning
  • Private Party Room
  • Live Entertainment
  • Sales Strong despite economy
  • Well equiped and maintained facility
  • Hard Liquor License

Financing

Down Payment:
$165,000
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 58,753 105,098 190,507
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,903 26,557 54,565
2010 Persons Per Household 3.94 3.78 3.29
Median House Value $342,600 $349,007 $362,241
Income Per Household $55,271 $59,730 $65,175
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,551 2,253 3,114
2012 Number Of Employees 51,938 73,802 86,194
2012 Total Annual Payroll $1,056,738,000 $1,471,876,000 $1,680,766,000

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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