Property lot 56,192 square feet. Lots of opportunity to expand. Average income in the area is $86,719. Rare opportunity! This very popular establishment is truly one-of-a-kind in its location since 2002. This landmark restaurant/bar/lounge has become a favorite choice for live music, karoake, receptions and showers, birthday parties, retirements, group meetings, civic groups, card clubs and much more. The most popular local bands and DJ's perform regularly, helping bring in the thirsty crowds. Located next to a brand-name hotel undergoing a major renovation. Includes capacity for over 240 guests, a spacious indoor 7,800 square feet, a patios for an additional 800 s.f., stage with a dance floor, banquet hall, big screen televisions, an unrestricted type 47 ABC license, plus dance/entertainment license. The kitchen serves popular fare including steaks, burgers, salads, pizza and more. Convenient central location close to the beaches, Channel Islands and most of Ventura County. Large nearby housing development recently approved which will only help business.

General Info

  • OrganizationContact For Info
  • Established2002
  • Current Owner2002
  • Employees2 FT 6 PT
  • Reason For SaleOther Interests

Facilities

  • Seating250
  • Square Feet8600
  • ParkingPublic lot
  • LicensesContact For Info
  • Open HoursMon-Sun 4P - 11P

Lease

  • Rent8000
  • ExpirationTBD
  • Yearly IncreaseContact For Info
  • OptionTBD
  • DepositContact For Info

Financials

  • Monthly Revenue$42000
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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