T.O. Restaurant & Bakery in Hub of City w/Beer & Wine

Ventura County, CA

T.O. Restaurant & Bakery in Hub of City w/Beer & Wine
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Asking Price: $150,000

Cash Flow: $39,478

Gross Revenue: $496,849

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2017

T.O. Restaurant & Bakery in Hub of City w/Beer & Wine

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Business Description

ABOUT THE RESTAURANT: This restaurant has served the Thousand Oaks area for nearly two years, yet it has become a local favorite to many who are familiar with their Valley location. It started by serving only Breakfast and Lunch, and its reputation grew with locals so they expanded to dinner hours on Thursday - Sunday. Known for serving dishes from their country, this restaurant is capturing a niché one person at a time.

This is a beautiful restaurant from the moment one sees it from the street and it only gets better as one walks through the doors into the beautiful decor of the dining area to the comfort of the patio. The colorful Bakery Display Case shows-off the array of colorful and appealing delicacies, making it the center piece of the restaurant.

The Bakery's reputation is well know in their ethnic community and among all those who have tried their signature items. Expand the business by wholesaling the products to local restaurants as well as grocery stores and coffee shops.

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

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

LIQUOR: Beer and Wine license.

LEASE: Expires Feb 29, 2024 + 2 x 5 yr options. All-in monthly rent is $4,172 with 1,234 Sq. Ft. plus a patio.

SALES: Sales have steadily grown since opening, starting at about $35,000 a month and ending the year at $47,000 in December 2018, finishing its full year of operations just shy of $500,000.

GREAT AREA: Thousand Oaks is a very desirable area in Southern California with a strong economy, great homes, schools and recreational offerings.

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

Detailed Information

Location:
Ventura County, CA
Employees:
7
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/thousand-oaks-business-broker
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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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