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Simi Valley Restaurant W / Beer, Wine & Patio
Location: United States -> California -> Southern California - All Southern California -> Simi Valley
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Simi Valley fast casual / quick service restaurant with beer, wine and a spacious outdoor patio boasts a remarkable buildout, stellar freeway access and excellent street visibility. The venue is located on a prominent pad space in a large complex with major anchor tenants. The location's spacious semi-open kitchen has several griddles, a grill, stove, deep fryer, large prep line and a combination walk-in cooler and freezer. The versatile buildout and the beer and wine entitlement lends themselves to any number of food service concepts.

Asking price $195,000

This location, which had nearly $900,000 invested in its buildout, is 2,700 square feet with a large outdoor patio and a roomy interior leases for $10,000 per month including common area maintenance expenses (CAM) on a lease until 2021 with two 5 year options. All of the business's furniture, fixtures, equipment and Type 41 Beer and Wine License will be included in the sale. The name, menu and branded fixtures and other items will not be included.

While a variety of quick service and fast casual food concepts exist in the area, few have the type of buildout, freeway access, visibility, patio, beer and wine entitlements or attractive rent that this venue benefits from.

As this venue is entirely absentee operated with several layers of management, it could tremendously benefit from a full-time working owner-operator that could significantly reduce staffing expenses, while ensuring quality customer service and a high average ticket sale. New operators are likely to benefit from the addition of new anchor tenants in the shopping center which are expected to drive traffic.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,200,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $900,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Personal




Print Listing Id: 700330445
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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