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Listing #5303

PRICE REDUCTION on Prime Westlake location with HIGH VOLUME potential

Price: $199,000
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PRICE REDUCTION on Prime Westlake location with HIGH VOLUME potential

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This location with a beer & wine license is located in the Hot Westlake Market. It would be ideal for an owner/operator wanting to do an Italian restaurant or a pizza and pasta concept and who is looking to expand their brand. However, it would also be perfect for a GASTRO-PUB, TAP-ROOM, Sports Bar, Mediterranean, Burgers, Mexican, BBQ, Indian and most other concepts

The newer, top of the line build-out offers a versatile line with a rarely used WOOD FIRED OVEN, Garland 6 burner stove/oven, Altosham cook and hold, Fry-master fryer, Amana microwave and room for additional equipment  make this an easy conversion for most any concept you may be looking to do.

The current menu consists of pizza, pasta, sandwiches and entrees. Last years sales were $900k+ but this is NO WHERE CLOSE to what it could and should be doing. In fact, it opened doing $130,000 per month.

The location is surrounded by high net worth demographics and disposable income and the easy on-off access to the 101 freeway provides convenience for customers and delivery drivers as well.  In addition, The lions share of the business has come from delivery and there is very little in-house dining. With some slight modifications the spacious dining room and two patios could easily become a point of destination restaurant adding significant income and profit to the bottom line.

It is also worth noting this is not the owners primary business or their main area of expertise and they spend very little time at the restaurant.  In essence, it is owner - absentee.

This is an unbelievably low entry cost for an operation and opportunity of this location and caliber.

Price does not include Middleby/Marshall double Impinger pizza oven, Hobart 40 qt mixer or Somerset dough sheeter although owner may consider selling if buyer would like to keep.

SellingRestaurants makes no representations as to the accuracy of information provided by Seller and Buyer must verify all information during their due diligence process.


This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Chaz Gaddie DRE License #02057673
   
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General Information
Listing Status: Available
Price: $199,000
Location: Ventura County
San Fernando Valley
Last Year's Annual Gross: $900,000
Lease Information: Expires October 31, 2020 + 3 5 Year Options
Liquor License: 41
Indoor Seating: 74
Outdoor Seating: 60
Number of Parking Spots: Shared Lot
# of Part-Time Employees: 12
# of Full-Time Employees: 6
# of Working Owners: 1
Hours Open: Monday - Sunday 11:30 - 8:00
Year Established: 2015
Inside Sq. Ft.: 2500
Outside Sq. Ft.: 400
Hood System Type 1: Yes
Hood System Type 2: Yes
Highlights
  • Westlake Corner Location

  • High volume potential

  • Untapped in-house dining

  • High-end demographics and disposable income

  • Next to HIGHLY successful restaurants

  • Absentee owner - Employee run

  • Quick on - off freeway access

  • Quality build-out and equipment

  • Wood fired pizza oven

  • Beer & Wine license

  • Spacious dining room - 2 patios

  • Multiple Flat screen T.V's



DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.



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