Business for Sale

Ventura County Mexican Bar and Grill

BizEx1141-KF

Background

General Location:Thousand Oaks, CA
Category: Restaurant
Bars/Taverns
Years in Business:2
Under Present Owner:2
Hours of Operation:M-Thurs 10-11, F-11-11, Sat- 10-11, Sun- 9-10
Owner Hours:
Training:None
Organization Type:LLC
Lease Expiration:1/31/2021
Lease Options:
Building Size:2,900
Employees:14
Reason for Sale:Relocation

Financials

Asking Price:$250,000
Down Payment:$250,000
Gross Sales:$800,000
Discretionary Cash Flow:Call
FF&E:$40,000
Inventory Included?Yes
Inventory:$10,000
Min. Operating Capital:
Real Estate Available?No
Rent:$7,512
Payroll:$24,000

Description

Restaurant for sale is a Mexican themed operation located in an excellent location in Ventura County.  This location has been the home of a number of restaurant concepts for over twenty years.  The space has recently been converted into a Mexican restaurant with a fully licensed type 47 bar and seating capacity of almost a hundred people.  There has been quite a bit of improvement made to the leasehold especially in regards to the kitchen.  This opportunity represents a turn key situation and would be ideal for an owner operator and or chef owner.  For more details please go to www.bizex.net and register as a buyer or contact Kendric Foultz directly at  310-968-2369.


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

Return to Listings





Kendric Foultz
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005