Quick Service Restaurant With Liquor & Patio
www.GlobalBX.com
Listing ID:
700313624
Listing Title:
Quick Service Restaurant With Liquor & Patio
Quick Link:
http://www.globalbx.com/listing.asp?bId=313624
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
City:
Ventura County
Asking Price Range:
< $250K
Gross Revenues:
$850,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2012
Number of Employees:
1 - 3
Business Description:
This Thousand Oaks quick service restaurant with liquor boasts one of the most attractive high profile locations in the area, with a coveted scenic outdoor patio. The venue, which could be adapted to any number of concepts, has a clean build-out that includes a fixed bar. A premise like with one, with a conditional use permit for liquor, would take several hundred thousand dollars to build-out; a new operator can walk-into this one at a fraction of that.
Asking price: $100,000
The prominent 3,700 square foot location, with a 500 square foot outdoor patio, leases for $21,238 per month on a secure lese until 1/31/2023 and one 5 year option to renew. While the businesses branding and attached goodwill is not included in the sale, its furniture, fixture, equipment and Type 47 Liquor License are included in the sale.
While competition exists, part of the location's ambiance is its unique location and attractive patio. It would be difficult for another food service operation to match these intangible attributes, let alone the build-out and license entitlements.
New operators, who have sufficient $5 ml net worth to satisfy the lease requirements, may take this opportunity in any number of directions given the flexible build-out and the versatile location. The venue could thrive with any number of landlord approved concepts that don't compete with others in the same complex.
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