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Restaurant / Bar
Location: United States -> California -> Southern California - All Southern California -> Ventura County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Nightclub with Type 47 ABC, Live Music, Fully Renovated

RRC#: 3337
Asking Price: Offered At $299,000
Location: Ventura County
Annual Revenue: $800,000
Annual Cash Flow: Contact For Info
Monthly Rent: $15,000

Listing Description:
Fully remodeled and refurnished with over $600,000 in renovations in 2019. This one of a kind spacious 6,800 square foot restaurant, bar and music lounge is located in the heart if beautiful downtown Ventura. Best of all, it possesses an unrestricted ABC type 47 license. The menu offers a variety of tasty appetizers, tapas, comfort food and modern main courses. The artistic bar can brew crafty concoctions and the friendly staff is always happy to serve it's loyal customers. Live entertainment seven nights a week with a stage and dance floor really brings in the customers. This establishment is also ideal for hosting celebrations, including birthday, corporate events and anniversaries. Long term lease terms with below market rate. Equipment includes 20' hood, new stoves, refrigerators, freezer and much more.

General Information:
Organization: LLC
Established: 2018
Current Owner: 2018
Employees: 5 part-time, 14 full-time
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $60,000
Monthly Cash Flow: Contact For Info
Annual Revenue: $800,000
Annual Cash Flow: Contact For Info
Payroll: Contact For Info
Monthly Revenue: $60,000
Monthly Cash Flow: Contact For Info


Asking Price Range:  $250K - $500K
Gross Revenues:   $800,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2018
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

Print Listing Id: 700335620
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