Profitable Italian Restaurant and Market

Ventura County, CA

Profitable Italian Restaurant and Market

Asking Price:$299,000

Cash Flow:$150,000

Gross Revenue:$1,000,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1990

Profitable Italian Restaurant and Market

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Business Description

Profitable Italian Restaurant and Market

This is a unique opportunity to purchase a turn-key Profitable Italian Restaurant and Market in business for over 25 years in a prime location in the southern portion of Ventura County with a high traffic count. An improved 3100sf space with upgraded dining room, fully equipped kitchen with large hood and several prep rooms, walk-in, office space, large restrooms, a type 41 beer and wine license and market. This is a turn-key operation and the asking price includes all furniture, fixtures, equipment, liquor license, health department permit and more. Excellent lease in place within a high traffic center with plenty of parking. Total rent including base rent + CAM is $8741/month with 2% annual increases.

As per seller, the gross revenue (combined) for both businesses is over $1M per year and cash flow is over $150,000+. Seller will provide any and all financial information during due diligence once a letter of intent has been approved. BUYER MUST HAVE RESTAURANT OR FOOD RELATED EXPERIENCE. Buyer must also show proof of funds prior to receiving any information.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement, background information and proof of funds has been submitted. BUYER MUST HAVE RESTAURANT OR FOOD RELATED EXPERIENCE. Please hit the reply button or contact Michael at info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity to purchase this profitable Italian Restaurant and Market in a prime location.

Detailed Information

Employees:
10
Facilities:
Located in a high traffic center with plenty of parking Highly improved facility.
Competition:
Seller to Discuss.
Support & Training:
Seller will provide training at no cost to qualified buyer.
Reason for Selling:
Sellers are preparing for retirement.

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Michael Cole

Business Listed By:
Michael Cole

Business Team, Business Sales and Acquisitions

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Sponsoring Broker:
MATT COLETTA, CBI, CBB

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