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#5100
Ventura Restaurants For Sale
San Fernando Valley Restaurants For Sale

NORTH RANCH AREA - Bar & Restaurant Facility - Hard Liquor - Low Rent

$179,000
Sold
NORTH RANCH AREA - Bar & Restaurant Facility - Hard Liquor - Low Rent
This Listing is Sold

THIS IS AN ASSET SALE WITH A 47 FULL LIQUOR LICENSE NO NAME, RECIPES, Propriety items ETC INCLUDED

RENT REDUCTION JUST GRANTED BY LANDLORD!!!!! Buyer will get rent of $6500 (includes NNN) for 8 months, then increase to $7500. Normal increases from there. This is a NICE RENT REDUCTION!!!!

** Restaurant is only 1.5 years old

** Located in the Westlake Village/Oak Park Area

** High Household Incomes in Area. 

** Large Patio to Attract Drive-by Customers.

** Beautiful Build Out with nice upgrades and high quality improvements.

** Kitchen set up for large production with 2 hood areas and equipment.

** Major Shopping Center Area For Neighborhood. 

** Gorgeous Bar Area Perfect for Creating a Social Climate. 

** Below Market Rent @ $2.90 Sq. Ft. including NNN/CAM.

REASON FOR SELLING: Sellers wife has a recent job position at LAX and the drive has become too much so Seller has relocated to the LAX area and now finds the drive is to much for him and has become to much for him and his family to the point that he is needing to Sell the Restaurant. 

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

Lease

Region:
Ventura Restaurants For Sale
San Fernando Valley Restaurants For Sale
Lease Term:
May 8th 2020 + 5 Year Option
Total Monthly Rent:
$8,265
Security Deposit:
$9,063

Operations

Liquor License:
47
Hours Open:
Mon - Fri 11AM - 11PM
Sat & Sun 8AM - 10PM
Year Established:
2016
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
114
Outdoor Seating:
21
# of Parking Spots:
lots
Inside Sq. Ft.:
2,850
Outside Sq. Ft.:
200

Highlights

  • 47 ABC FULL LIQUOR LICENSE
  • LARGE PATIO
  • Lots of Parking
  • Beautiful Build OUT
  • Below Market Rent
  • Nice Bar Area

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 14,134 77,415
Households 3-mi. 5-mi
2010 Number Of Households 5,158 27,941
2010 Persons Per Household 2.68 2.69
Median House Value $635,100 $648,123
Income Per Household $128,218 $110,643
Businesses 3-mi. 5-mi
2009 Number Of Businesses 229 3,355
2012 Number Of Employees 1,526 74,796
2012 Total Annual Payroll $28,732,000 $2,320,522,000

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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