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Beautiful Turnkey Restaurant in busy location, Open, Low rent,

Thousand Oaks, CA (Ventura County)

Seller Financing Available
Beautiful Turnkey Restaurant in busy location, Open, Low rent,
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Asking Price: $149,000

Cash Flow: $150,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $149,000

Inventory: N/A

Rent: $2.88 /Month

Established: 2015

Beautiful Turnkey Restaurant in busy location, Open, Low rent,

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Business Description

Successful, turnkey restaurant operation for sale by owner w finance

This turnkey restaurant is a great opportunity for a buyer to take over a fully remodeled and operational restaurant. We are currently open 7 days a week and are loved by our income strong neighborhood community and beyond. Restaurant is featured in TV and press. 4.8 star yelp rating. The restaurant has a beautiful design. Thoughtful touches, handcrafted furnishings, You can take over our successful concept, or do your own. The design works with various concepts. 3800 sft. 180 seats. Large bar. Beer & Wine license. Located right off 101, in a busy mall, in a high-income area! Rent below market at $11K, 6 years, (incl option to renew for 5 years). Perfect for a variety of cuisines or wine bar type concept! The kitchen is well equipped, large walk-in fridge, cooler, ovens, freezers. etc. well-trained manager, who and a great chef. Both can continue to run the business. Well trained servers. Owners must sell fast due to health reasons. Owner financing available with down payment of $70K. SERIOUS BUYERS ONLY! Buyer to provide NDA with Proof of Funds. Fast closing preferred. This is a one-time-opportunity that won't last! Send your best offer!

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Detailed Information

Location:
Thousand Oaks, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
12/1/2024
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Hand crafted tables, chairs to seat 180, bar seating 24, beer draft for 16 different beers, fully operational beer draft & cooling system,bar fridges, bakery cooling display, wall TV's, decoration, fully kitchen with gas oven, convection oven, grills, sandwich and cooled prep-station, warm prep station, second prep-room with walk in cooler, dishwasher, shelving and prep areas. large walk in cooler in kitchen, lots of shelving /storage, soda machine, etc.
Competition:
Buyer is advised to conduct their own research on all aspects of the business including market and competition.
Growth & Expansion:
Serving dinner mostly. Can expand lunch, brunch, breakfast.
Financing:
Purchase price can be paid in installments. DP $70K.
Support & Training:
Manager available to train and stay
Reason for Selling:
Owner has health issues
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Business Listed By:
Restaurant Owner

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