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Established, Successful Restaurant In La For Sale

Agoura Hills, California
Asking Price:
$550,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,400,000
Cash Flow:
$500K - $2.5M

Unique, well established, successful, full service theme restaurant with entertainment license, seats 150 plus guests. Restaurant is known from TV and media. Strong social media presence and community. Operating with a 35% average profit margin, run by experienced team. Solid customer base of all ages (family style) traveling from 150 mile radius. It is a very profitable operation and is truly a semi-owner absentee business model. It’s known for its top food quality and its insistence on only using high quality fresh ingredients. Serves exceptional quality and tasty cuisine. Top online reviews. Located in busy mall right off the 101 freeway, which drives business evenly through dine-in, pick-up and delivery. Serving lunch, dinner, brunch and has an active bar business (beer & wine license available). Business has been constantly increasing since it opened mid-2015. It became an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.

• 3,800 sf , free standing building with lots of parking
• Rent is $7600/month (plus shopping center fees)
• Dining area is designed for maximum occupancy with proper amount of space in between table sets
• Kitchen and all other equipment are in great shape
• Convenient location in the heart of Thousand Oaks, CA
• Extremely high traffic road, right of 101 freeway
• Parking space is very adequate
• Interior has been fully renovated in December, 2016
• Current signage can be reused

SBA Loan possible. Owner Finance options available. Sublease management operation possible.
More information and full financials available upon receipt of signed NDA and Proof of Funds.

Property information

Real Estate:

Lease

Lease Terms:

5 years, plus 5 year option under same terms

Leasehold Rent:

$92,000 per annum

Location:

3800 sft free standing building. Lease until 2023 (renewal option), $7200 / month. Restaurant was fully remodeled in 2015. Lots of parking. Located in busy mall right off the 101 freeway, which drives business evenly through dine-in, pick-up and delivery. Serving lunch, dinner, brunch and has an active bar business (beer & wine license available). It became an iconic restaurant in the area. High income family neighborhood.

Premises Details:

Free standing, one level building with lost of parking. Fully equipped kitchen, complete dining room, full bar (beer & wine license) included in sale. No debt. No leases (except dishwasher). 3800 sft. Optimal seating for 150 plus seats.

Size in square feet:
3,800

Business Operation

Expansion Potential:

Expansion possible for local lunch business due to large businesses and sizable companies in immediate area. Expansion possible in to-go outlet and deliveries. Expansion possible in catering and events. Expansion in food distribution (QVC & HSN is interested to carry our food products).

Competition / Market:

The marked for themed restaurants is increasing as customers want more than just good food. This family theme is new and not used in Southern California just yet. Hence there is currently no competition. No Competition . One of a kind, brand new concept.

Reasons for selling:

To be discussed with Buyer.

Trading hours:

11 AM - 9 PM

Employees:
20
Years established:
2

Other Information

Support & training:

Training an support can be provided. Owners will train two months for free. Kitchen team and Management can stay on.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Financing Available. E1 Investor Optimal.

Furniture / Fixtures value:
$350,000 - included in the asking price
Inventory / Stock value:
$150,000 - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

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