Traditional Italian Restaurant

Port Hueneme, CA (Ventura County)

Seller Financing Available
Rear Entrance

Asking Price:$98,000

Cash Flow:$8,590

Gross Revenue:$13,015




Lease Rate/Sq. Ft.:$1.20


Traditional Italian Restaurant

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Business Description

Great tasting authentic Italian food - atmosphere is like family, warm and inviting. Rico's brings you 50 years of Angelo's Southern Italia dining from Mama Colomba and Papa Angelo Tramontano and many dishes from the Federico's Abruzzese dining. A pleasurable experience.

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Two bathrooms (male and female) .Kitchen is approximately 500 square feet. There are two private rooms and the main dining area which are approximately 2,000 square feet and a storage room. The ABC Beer and Wine license is included ($5,000) The value of the appliances and fixtures are approximately $40,000. The inventory (food, beer and wine) is approximately $6,000 - this would change depending on the parties scheduled. The Lease expiration date is February, 2018 The lease terms are $3,000 a month which includes the water, trash and sewage. The Gas bill is about $100.00 and the electric bill is about $350..
Across the street from the military base which when open during lunch provides a great place for our military personnel to go and have a great meal. Currently the restaurant is not open during lunch.
Growth & Expansion:
Restaurant is currently only open part time from 5pm to 9:30pm. Weekends have Karaoke nights Lots of military lunch events and wedding parties. ABC Beer and Wine License included.
Support & Training:
Yes ...
Reason for Selling:
This business is an established franchise
Business Website:

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Diana J. Anthony

Business Listed By:
Diana J. Anthony

Big Rich Realty

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