Quick Service w/Liquor & Outdoor Patio – High Profile Location!

Thousand Oaks, CA (Ventura County)

Quick Service w/Liquor & Outdoor Patio – High Profile Location!
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Asking Price: $100,000

Cash Flow: N/A

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Rent: $21,238 /Month

Established: 2012

Quick Service w/Liquor & Outdoor Patio – High Profile Location!

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Business Description

This Thousand Oaks quick service restaurant with liquor boasts one of the most attractive high profile locations in the area, with a coveted scenic outdoor patio. The venue, which could be adapted to any number of concepts, has a clean build-out that includes a fixed bar. A premise like with one, with a conditional use permit for liquor, would take several hundred thousand dollars to build-out; a new operator can walk-into this one at a fraction of that.

Detailed Information

Real Estate:
Leased
Building SF:
5,200
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The prominent 3,700 square foot location, with a 500 square foot outdoor patio, leases for $21,238 per month on a secure lese until 1/31/2023 and one 5 year option to renew. While the businesses branding and attached goodwill is not included in the sale, its furniture, fixture, equipment and Type 47 Liquor License are included in the sale.
Competition:
While competition exists, part of the location’s ambiance is its unique location and attractive patio. It would be difficult for another food service operation to match these intangible attributes, let alone the build-out and license entitlements.
Growth & Expansion:
New operators, who have sufficient $5 ml net worth to satisfy the lease requirements, may take this opportunity in any number of directions given the flexible build-out and the versatile location. The venue could thrive with any number of landlord approved concepts that don’t compete with others in the same complex.
Reason for Selling:
Personal
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Contact the Seller

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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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