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| Business Description | Mexican Restaurant with Bar and Grill | | SIC Code | | Organizational Form | S Corp | | General Location | Coastal Community in Ventura County | | Selling Price | $129,000 | Down Payment | $129,000 | | Annual Revenues | $300,000 | Discretionary Earnings | $50,000 | Seasonal? N Can Relocate? N Home Based? N Absentee Owner? Y Franchise? N | Days and Hours
of Operation | 7 days a week: 8 a.m. - 10 p.m. | Year Established | 1973 | | Years Owned | 4 | | Full-Time Employees | 7 | Part Time 4 | Managers | | Other Payroll Information | | | Hours Owner Works | | | Owner's Duties | | | Skills Required | | | Training & Cost | Two weeks training. | | Non Compete | 5 miles for 5 years |
Executive SummaryThis Mexican Bar & Grill is located in a lovely beach community within walking distance of busy residential and commercial areas in Oxnard. The restaurant is in outstanding condition and leasehold improvements, furniture, fixtures, equipment and liquor licenses (numbers 47 and 58) are valued at approximately $135,000 and INCLUDED in the sale price. This turn-key bar and grill has an excellent lease with an option; rent is only $2,100 and includes NNN. The restaurant is approximately 3,200 sq. ft. and equipped with a hood, grill, and full bar. The current owner does no marketing or deliver food to the many nearby homes, apartments and businesses nor do they take advantage of the number 58 liquor license which allows the owner to cater outside parties and events. A buyer looking to own/operate this business could see profits increase substantially just by marketing the business or adding a food delivery service. The new owner can establish a franchise or bring their own concept to this turn-key, fully equipped bar and grill restaurant in a busy beach community. Motivated seller has prompted this business to be offered at LESS than its asset value. Confidential business information provided only to qualified buyers.
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Lease / Building Information | | Monthly Lease/Rent | $2,100 | Deposit | | | Expires | | Building Type | In Line | | Terms & Options | One 5 year option | | Square Footage / Dim. | 3200 | Seating | 90 | | Other | |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | N | | Licenses | Y | $35,000 | | Inventory | N | | Type of License | | | | L/H Improvements | Y | $50,000 | Other Assets | | | | Furniture / Equipment | Y | $50,000 | | | | | Real Estate | N | | Total Assets | | $135,000 |
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.
Printed on 9/17/2008 4:57:10 PM by Iqbal Hussain |
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