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
|2014 Total Population||58,753||105,098||190,507|
|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|
|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|
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