Business for Sale

Ventura County Sports Bar

BizEx1190-KF

Background

General Location:Ventura County, CA
Category: Restaurant
Bars/Taverns
Years in Business:12
Under Present Owner:12
Hours of Operation:7 days with variable afternoon and evening hours
Owner Hours:Varies
Training:1 weeks @ 8 hours
Organization Type:S-Corp
Lease Expiration:7/31/2018
Lease Options:
Building Size:6,064
Employees:24
Reason for Sale:Retirement

Financials

Asking Price:$200,000
Down Payment:$200,000
Gross Sales:$952,851
Discretionary Cash Flow:$100,000
FF&E:$144,326
Inventory Included?No
Inventory:TBD
Min. Operating Capital:
Real Estate Available?No
Rent:$11,399
Payroll:$24,000
Financing:Buyer

Description

Business for sale in Ventura County is a well established sports bar in a prime location.  The business has been in operation for more than a decade and has a good following, but there is plenty of opportunity for a new owner with vision to grow the fan base.  The current owner has other business interests and this place needs a full time owner/operator to reach its potential.  At over 6,000 sqft with entertainment permit this requires a full time commitment to maximize the potential.  The owner is motivated and based on asset value and cost of reconstruction this is priced to move quickly.  For more information please go to www.bizex.net and register as a buyer or you may contact Kendric Foultz directly at 310-968-2369. 


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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.

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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