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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