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Restaurant And Bar In Thousand Oaks Area For Sale

Thousand Oaks Area, California - South
Asking Price:
$525,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,328,000 (USD)
Cash Flow:
$344,366 (USD)

This Thousand Oaks Area restaurant and bar with beer, wine and live entertainment boasts a unique and highly scalable family friendly concept. The restaurant, which can accommodate over 150 patrons, is known for its top food quality and its insistence on only using high quality fresh ingredients. It has top online and media reviews, and is conveniently located with excellent freeway access, plenty of parking, and a spacious kitchen and interior with a bar and stage. The business has been set-up to be run semi-absentee and has a healthy profit margin. The Seller is willing to finance to a credit worthy buyer via a secured note with $300,000 down, based on the overall offer and its terms.
This 3,800 square foot bar and restaurant leases for $7,600 per month plus approximately $2,600 in common area maintenance expenses on a lease that expires in 2020 with one 5 year option. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. $5,000 - $ 10,000 in inventory will be sold at cost at close.

Property information

Real Estate:

Lease

Business Operation

Expansion Potential:

New operators will likely wish to continue to operate the current established and successful concept. They may potentially revisit the menu offering to ensure maximum inventory and kitchen efficiently and productivity. The venue could also benefit from a local advertising and marketing campaign designed to create greater local awareness as well as increased name recognition in the surrounding communities.

Competition / Market:

While traditional competition exists in the area, this opportunity’s dining experience, food offering, beer selection and live entertainment set it apart from the competition – providing it a unique competitive advantage that attracts locals and visitors alike.

Reasons for selling:

Personal

Employees:
12
Years established:
2015

Other Information

Support & training:

2 Weeks at 20 hrs/wk

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will finance with $300,000 down.

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD)

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