Fully remodeled and refurnished with over $600,000 in renovations in 2019. This one of a kind spacious 6,800 square foot restaurant, bar and music lounge is located in the heart if beautiful downtown Ventura. Best of all, it possesses an unrestricted ABC type 47 license. The menu offers a variety of tasty appetizers, tapas, comfort food and modern main courses. The artistic bar can brew crafty concoctions and the friendly staff is always happy to serve it's loyal customers. Live entertainment seven nights a week with a stage and dance floor really brings in the customers. This establishment is also ideal for hosting celebrations, including birthday, corporate events and anniversaries. Long term lease terms with below market rate. Equipment includes 20' hood, new stoves, refrigerators, freezer and much more.

General Info

  • OrganizationLLC
  • Established2018
  • Current Owner2018
  • Employees5 PT, 14 FT
  • Reason For SaleOther Interests

Facilities

  • Seating140
  • Square Feet6800
  • ParkingPublic Lot, Street
  • LicensesHealth permit, ABC
  • Open Hours7 days, Mon-Thurs. 4 p - 12 a, 3p - 1 a Fri, 11a - 1 a Sat, 11 a - 12 a Sun

Lease

  • Rent$15,000
  • Expiration2023
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year options
  • DepositContact For Info

Financials

  • Monthly Revenue$60,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$800,000
  • 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.

Location