Restaurant & Bar For Sale Businesses For Sale in California,United States at FranchiseLeader.com - Buy Franchises, Sell Franchises, Franchise Businesses for Sale

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Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

Bakery Business For Sale, Cafe Business For Sale, Catering Business For Sale, Coffee Business For Sale, Coffee House Business For Sale, Coffee Shop Business For Sale, Deli Business For Sale, Fast Food Restaurant Business For Sale, Food Business For Sale, Grocery Business For Sale, Grocery Store Business For Sale, Liquor Business For Sale, Liquor Store Business For Sale, Market Business For Sale, Pizza Business For Sale, Restaurant Bar Business For Sale, Restaurant Business For Sale, Vending Business For Sale, Vending Machine Business For Sale

Restaurant & Bar For Sale

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1800000
Net Profit / Cash Flow  $40000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1997
Number of Employees  35 - 49
Relocatable  No
Number of Employees  35 - 49
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This spacious restaurant and bar occupies one of the most prominent locations on Ventura Boulevard ƒ? and has liquor, onsite parking, patio(s), a private dining area, two kitchens and billboard style signage! The venue is a neighborhood favorite, with 50% of its business being derived from loyal lunchtime patrons who are professionals who work in the area, local residents and commuters. The facility comes with a spacious, fully outfitted kitchen complete with standard and convection ovens as well as a specialty oven, several stoves, warmers, grill and griddles, deep fryers, and multiple salad prep stations, as well as a second smaller stand alone kitchen with its own stoves, ovens and hood system, dishwashing and food prep area. The facility has an enormous walk-in cooler, a large dry storage area and a managerrƒ?s office. The sale includes all off the businesssƒ?s furniture, fixtures, and equipment, as well as its liquor license. Asking Price $395,000. This 7,000 square foot facility plus 900 sq. ft. patio leases for $15,000 per month on a lease until 2017 with options to be negotiated in the sale. Occupancy is reported to be approximately 200 patrons for the restaurant, bar and patio combined. Approximately $20,000 in inventory will be sold at cost at close. As this bar and restaurant occupies an unrivaled location with excellent street front visibility and access, it has a unique sustainable competitive advantage over most potential competition. Whattƒ?s more, it boasts convenient onsite parking, patio space and a separate bar area in an area that is densely populated with daytime and happy hour business persons as well as local residents and commuters. New owners, who may likely be an established or aspiring national chain, may seek to take advantage of the facilityyƒ?s stellar visibility, high daytime and happy hour foot traffic, and liquor license and patio(s).
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