- City San Buenaventura (Ventura)
- State California
- CountryUnited States
Not Relocatable
This 5 year old franchise restaurant with beer and wine is a proven, absentee owned business in a major shopping center. The concept, which has experienced continued popularity in recent years (and despite the economic downturn) shows signs that it should continue to thrive. With an average build-out expense ranging from $500,000 to $600,000, this sale represents tremendous value to those seeking the security of a an absentee owned, established franchise but does not seek to experience the time or hassle associated with new location site selection, lease negotiation, build-out, beer and wine permitting, and ramp up time.
The restaurant is located in a 2,000 square foot facility that leases for $8,100 (including CAM) on a lease until 2016. The sale includes all of the furniture, fixtures and equipment of the business, as well as the franchise rights, inventory and goodwill.
As the business is located in large shopping center, competition naturally exists. This location has exploited it niche and developed a loyal following of employees, shoppers and nearby residents.
This business could benefit greatly from a higher degree of management oversight, as it is currently run entirely absentee. A working owner-operator will likely result in an improved customer service, increased productivity, and greater operating efficiency.
Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.
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