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#4888
Thousand Oaks - Camarillo - Ventura

Fine Dining Waterfront Restaurant with Beer and Wine

$170,000
Sold
Fine Dining Waterfront Restaurant with Beer and Wine
This Listing is Sold

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

This Beautiful Restaurant sits on the waters edge surrounded by $$Million Dollar Homes has just been completely remodeled with all the high tech devices including remote lighting and temperature controls, 16 camera system with remote access also with audio, alarm system, Wireless POS Terminals(yet every wall has CAT 5 wiring if owner wants to use direct wire POS system), Wireless sound system and so much more.

Kitchen has the basic cooking equipment plus Sous-vide  cooking equipment , as well as a brand new hood system with captive air exhaust. No expense has been held back to make this a most modern kitchen.

Dining Room and Bar area seat 100+ and there is also a Private Dining Room that seats 10 for business dinner meetings, birthday celebrations, anniversaries, ETC.

Seller has built his dream facility and just months after opening he has been asked to return to a former company that has offered him a salary he could not pass up and though with much reluctance he has decided that selling would be his best option as he would not be able to just leave this in the hands of management and employees and be able to devote the his attention fully to the demands of his position , as he would always have the restaurant on his mind.

After spending in excess of $300,000 to renovate the restaurant he is willing to take a big price reduction and pass on this already successful business for Only $195,000. This is a must see restaurant for anyone looking to operate a high end restaurant. The furniture is all made from Reclaimed Woods and a high endurance wood looking Tile floor that will out last the building.

With a view of the surrounding homes and their boat docks this is an amazing find. You will love everyday coming to this area to work and grow a great business.

Though the restaurant has only been open since April sale have been steadily climbing and are presently between $66K - $75K per month with profits in the $5-$6K take home per owner and this must be verified by buyer as SellingRestaurants has not reviewed these numbers. The Yelp reviews are in the 4.5+ Star rating and they have already received 37 reviews and Facebook has them at 4.9 Stars!!! WOW!!

Buyer can continue to grow upon the current concept that is a menu that changes with the availability of the locally grown produce, fish from the local boats and other of the finest, healthiest, freshest ingredients that can be sourced OR You can bring a concept that will fit the area and clientele.

Buyer will need to have good experience in operating a nice restaurant and good financials to get landlords approval to assign the lease. So if this sounds like the restaurant you have been waiting to find don't delay as we don't expect this one to last long.

Go to SellingRestaurants.com to "Sign NDA" and once you sign it you will get access to many pictures, name and address so you can come by and check this out for yourself. PLEASE REMEMBER Do NOT talk with employees about sale of business as owner has been able to hire a great staff and wants to be able to offer them a chance to stay for buyer and not have anyone prematurely jumping ship.

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

Lease

Region:
Thousand Oaks - Camarillo - Ventura
Lease Term:
December 31, 2020 +5 yr option
Total Monthly Rent:
$4,600

Operations

Liquor License:
41
# of Full-Time Employees:
9
# of Part-Time Employees:
9
# of Working Owners:
1
Hours Open:
Tues - Sat 4:00PM-10:00PM
Sun 10:00AM - 4:00PM

Opening 7 days and longer hours Summer
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
115
# of Parking Spots:
good amount
Inside Sq. Ft.:
2921

Highlights

  • Newly Remodeled with new equipment
  • Beautiful Area on water
  • Surrounded by very nice homes
  • Modern Remote Controls
  • Excellent Reviews
  • Furnished with Reclaimed Furniture
  • State of art Drinking Water Filtration

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,809 30,809 114,138
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,909 9,926 32,407
2010 Persons Per Household 2.79 2.79 3.36
Median House Value $389,400 $388,733 $347,634
Income Per Household $80,538 $80,400 $62,393
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 278 306 2,079
2012 Number Of Employees 3,132 3,132 59,606
2012 Total Annual Payroll $55,373,000 $69,732,000 $1,186,459,000

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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