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Ranch House Restaurant In Ojai, Including Property For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $909678
Net Profit / Cash Flow $38785
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1956
Number of Employees 20 - 34
Inventory $120000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Included in the sale are six weeks of training, at 20 hours a week, by the current owners. Owners may be open to additional training and/or transition responsibilities at a reasonable mutually agreed upon compensation.
Reason for Sale Husband and wife owners are divorcing, which is prompting the sale.
Description Known for its spectacular natural setting, The Ranch House is one of the most beautiful environments in Southern California, the perfect place to have a romantic dinner or host a special gathering. The lush garden setting bursting with color, the peaceful meandering streams and the award-winning cuisine combine to create a warm atmosphere that has made The Ranch House one of Ojai's most desired restaurant and event locations. Popular garden sites include an oriental tea house, the rose garden, or two elevated redwood decks overlooking the restaurant ground. The business is priced to sell at less than one times current earnings plus inventory. The real estate, which is packaged with the business, consists of two adjacent parcels totalling nearly 2/3 of an acre, is for sale for $755,000, significantly below a recently appraised value, making the entire acquisition, including the business and the real estate available for $980,000. The business and real estate are being sold together, with each contingent upon the sale of the other.
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