Business For Sale

Ventura Restaurant & Bar w/Liquor & Patio

Ventura, CA
Ventura County


Asking Price: Annual Revenue:
$310,000 $605,525

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Ventura Restaurant & Bar w/Liquor & Patio Broker: Ryan Clark

Quick Facts

Asking Price: $310,000
Annual Revenue: $605,525
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 10
BBN Listing #: 21924929
Broker Reference #: VenPiz

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Business Overview:

This well established Ventura restaurant and bar with liquor and patio is ideally located in an attractive beachside location. The quaint venue has developed a loyal following of residents and tourists that favor it for its quality food and atmosphere. The kitchen has a two story pizza oven, a double combination oven and stovetop, a two bucket deep fryer, salad prep table, dishwashing unit and a three bucket sink. The venue is in a popular foot traffic area and has 8 shared parking spaces, street parking and a nearby parking lot. While the company had been reported to be tracking down slightly in 2017 versus 2016, January and February of 2018 have been reported to be record months.




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Property Features and Assets:

This 2,330 square foot restaurant plus patio leases for $4,480 plus $635 in CAM (common area maintenance) expenses per month, on a lease until August 2022 with one 5 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Inventory will be sold at cost at close in addition to asking price.

Market Competition and Expansion:

While competition exists, there are few directly competing options for this type of quality dining experience in the immediate vicinity. As such, this venue has filled a market need and created a loyal customer following. New operators may wish to capitalize on this venue’s stellar location, versatile build-out, bar, liquor license and patio to expand on the current concept or to implement any number of alternate concepts that may thrive.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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