Successful Bar & Restaurant Available w/Out Concept – Proven Location

Successful Bar & Restaurant Available w/Out Concept – Proven Location

Oxnard, CA


Asking 
$350,000
Gross Revenue 
$2,535,393
Potential Cash Flow 
$420,864

This highly popular bar and restaurant boasts an ideal end cap location with stellar freeway access, street visibility, sidewalk seating as we well as an onsite parking lot. Although the concept, name and menu is not included in the sale, the seller’s concept has regularly generated up to nearly $3.0 ml in revenues in recent years, with almost 25% of which attributed to its bar operation. The bar is adjacent yet connected to the restaurant, which provides management the benefit of 2 distinctly different lines of business, each with their own distinct ambiance.

Inventory 
20000

Accounts Receivable Included in Asking
No

Facilities

This 3,500 square foot facility will lease for approximately $13k per month on a new lease with its length and terms to be negotiated. All of the business’s furniture, fixtures, equipment and Type 47 Liquor license will be included in the sale. An estimated $20k in inventory will be sold at cost at close.


Competition

While competition exists, this proven bar and restaurant location have thrived for 10 years under current management. Given the location’s remarkable attributes and the business’s build-out, equipment, liquor license and entitlements, the venue has the foundation to thrive with any solid concepts that may thrive in the area.


Growth & Expansion

New operators with experience and a solid concept should be able to capitalize on the location’s tremendous key attributes for success. They may expand an existing concept into the space or make it the flagship location for a new one. Given the location and highly versatile layout and sizeable kitchen, the venue may be transformed into a fine dining steakhouse, a casual sports bar-oriented theme, or anything in between.


Support & Training

Not Applicable


Reason for Selling

Retirement


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