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Ventura County, California
Asking Price
$5,350,000
Revenue
Call/Email
Down
$2,000,000
Cash Flow
$400,000
Name: Houmehr Mike Panoussi
Phone: Show phone number
Name
Houmehr Mike Panoussi
Phone
Show phone number
Reason for sale:
Retirement
Posting ID:
7357511
Attributes:
Absentee Run
Owner/Seller Financing
Real Estate Included
Training And Support
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SBA LOAN POSSIBLE FOR QUALIFIED BUYERS. 30 % DOWN($120,000) YES. Here is an exciting opportunity to own a semi-absentee run Mediterranean restaurant located in the vibrant county of Ventura, California, right next to a bustling movie theatre. This restaurant with beautiful patio has been a local favorite since its establishment in 2016, boasting a laudable Yelp score that stands as testament to its popularity amongst the community. Currently, the restaurant operates on an impressive monthly average sale of $75,000, generating a robust monthly net income of $15,000. Annually, these figures translate to a revenue of $900,000 and a net income of $180,000, respectively, indicating a highly profitable venture with stable income. The premises of the restaurant span 1,600 sq. ft with an additional spacious patio, providing ample room for dining and events. It's been under the same ownership for the past 9 years, which has nurtured a loyal customer base and a proven business model. An SBA loan is a feasible financing option for qualified buyers, with the requirement of a 30% down payment. The asking price for this thriving business is set at $390,000, which is a worthwhile investment considering the high net income and strong revenue generation. The new owner will be provided with two weeks of training after the closing of escrow to ensure a smooth transition, thereby minimizing any potential disruption to the business. This is an exceptional opportunity to acquire a successful and highly profitable restaurant in an excellent location. The sale reason is due to family issues, Please contact Broker Joey Kim 213 255 1478, bestjoeykim@gmail.com

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