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Beach and Marina Area Nearly New Restaurant For Sale

Ventura County, CA

Beach and Marina Area Nearly New Restaurant For Sale
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Asking Price: $65,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Beach and Marina Area Nearly New Restaurant For Sale

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Business Description

ABOUT THE RESTAURANT: This restaurant has served the greater Channel Islands area for nearly two years. Even with very high Yelp Reviews it has struggled to establish itself in the community, most believe it is because the name is a bit confusing and some might not realize it is a restaurant. Open very limited hours of 11:00 AM – 7:00 PM Monday – Saturday and closed on Sundays (which could be a busier day). This could be a nice Breakfast place for an owner looking to increase into that day part.

The restaurant was built new in 2017 with all new equipment, fixtures and furniture. With high ceilings and a fresh, very clean and inviting atmosphere guests feel the relaxed and comfortable environment.

From entering the Shopping Center this beautiful restaurant catches the eye the moment one sees it and it only gets better as one walks through the doors into the Beautiful Clean and Open decor of the dining area to the comfort of the patio area. Sitting between a major grocery and drug store the traffic they bring past the location is great.

RECIPES & TRAINING: The recipes and training are included in the sales price. Restaurant is well staffed with Cooks and counter people that would be willing to stay on if Buyer so chooses to continue this concept.

KITCHEN: There is a well-equipped exhibition kitchen with a large hood system, a grease trap and is set-up for easy operations and cleaning.

LIQUOR: Currently there is NO Liquor License but Tenant and Landlord have been working on getting approval from one of the current tenants to allow this restaurant to add beer and wine if owner decides it’s needed.

LEASE: Expires Sept 15 th, 2022 with a 5 yr. options. All-in monthly rent is $3945.10 with 1,371 Sq. Ft. plus a patio area. The lease has a 3% yearly increase so the rent will not get out of hand.

GREAT AREA: The Channel Islands Area is a very desirable area in Southern California. With a Navy Base in the immediate area and the Boat Marina, Beaches and more just blocks away this area draws many people from other areas as well as the current residence.

INVESTMENT IN RESTAURANT: Owner spent in excess of $350,000 getting this restaurant open, with over $250,000 in construction costs, apprx $50,000 in equipment and another $50,000 in other costs. Buyer is now able to come into a virtually new facility for a Fraction of that cost.

A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant. There would not be a need to change much over to a different style of restaurant.

So come on by and see if this place is not all stated above and more.

Detailed Information

Location:
Ventura County, CA
Employees:
8
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/beach-area-ventura-county-res
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Stuart Schlosser

Business Listed By:
Stuart Schlosser

Paramount Restaurant Brokers, Inc.

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Sponsoring Broker:
Mel Jones

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