The location of a popular cafe for over four decades, this recently remodeled beach-adjacent restaurant/cafe, which possesses a full ABC license, is consistently profitable and attracts a loyal following. An outdoor patio allows diners to enjoy dining in the California sunshine. Close to some of Ventura County's most popular beaches. Menu includes breakfast, lunch, desserts and a popular weekend Happy Hour featuring a full bar with specialty cocktails as well as favorite brands. Additional income from private catered events. New owner can expand this already profitable business further with a full dinner menu as well as expanded hours. Hundreds of four & five star Yelp reviews confirm the establishment's popularity. Plenty of public parking. Attractive long-term lease terms.

General Info

  • OrganizationCorporation
  • Established1958
  • Current Owner2016
  • Employees5 FT, 11 PT
  • Reason For SaleContact For Info

Facilities

  • Seating66
  • Square Feet1,360
  • ParkingPublic street
  • LicensesHealth permit, ABC
  • Open HoursSun - Fri 7 a.m. - 3 p.m.; Fri/Sat 7 a.m. - 8 p.m.

Lease

  • Rent$5,999
  • Expiration2023
  • Yearly IncreaseContact For Info
  • Option5 year option
  • DepositContact For Info

Financials

  • Monthly Revenue$81,200
  • Monthly Cash Flow$12,200
  • Annual Revenue$1,000,000
  • Annual Cash Flow$146,400
  • Payroll$$31,500

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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