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Charming Ojai Restaurant w/Liquor & Large Patio

California, Ojai
Asking Price $150,000.00
Gross Income $540,000.00
Cash Flow $540,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Seafood Restaurant
Overview
This charming Ojai restaurant is nestled in the heart of one of Southern California s best kept secrets. Known as a spiritual sanctuary, Ojai is also recognized for its lush green valleys, beautiful hiking trails, vineyards and abundance of cultural events and local organic agriculture. The restaurant, which has operated since the 1980 s, includes a liquor license, live music permit (allowing for 3 non-amplified musicians) and large outdoor patio offering customers panoramic mountain views, while enjoying any of the well-known menu items or cocktails. The business s main-street location provides it excellent street visibility and foot traffic, while including sufficient parking via its adjacent lot and nearby street parking.
Business Details
Location and Facilities: This 6,400 (1,800 interior space plus 4,600 patio) square foot facility leases for $3,100 per month on a lease valid until 2017 with a five year option. All of the business assets shall transfer in the sale including the furniture, fixtures, equipment with full kitchen, Type 47 Liquor License, name, menu and goodwill. Inventory estimated at $10,000 will be sold in addition to the purchase price and valued at cost at close.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: The business has significant growth potential as the seller has been operating the restaurant for many years and has not aggressively advertised or promoted it in recent years. A new owner may continue with the existing concept and build upon its many years of goodwill, or implement a number of many other concepts (except for Mexican) that could thrive out of this location. Competition is considered to be medium as other restaurants exist in the area, however this business s large patio, liquor license, low rent and affordable asking price provide its buyer a unique opportunity to enter the Ojai market. Competition:

Reasons for Selling: Personal

Financing:

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