Years Established:

1956

Property Type:

Real

FF&E:

$ 50,000

Inventory Value:

$ 120,000

Business Location:

"The Ranch House is a full-service restaurant which sits on a nearly ½ acre property in the scenic Ojai Valley, in central Ventura County. The restaurant itself, known as one of the most romantic settings in Southern California, seats 30 inside, and an additional 90 in several covered outdoor seating areas. For group events, indoor seating can be expanded to 40, and outdoor seating expanded to 120. The main restaurant is a 1579 square feet single-story building, built in 1956, with a dining room, bar area, kitchen, office and two restrooms. The outdoor dining areas include a covered brick area, a covered redwood deck area, and a concrete slab with a wisteria-covered pergola. There is an active koi pond and just beyond the pond, are two secluded dining areas, each large enough to accommodate one private table. The property includes an herb and vegetable garden, where local produce and herbs for use at the restaurant are grown. The sale also includes wine inventory valued at cost at $150,000."

Expansion Potential:

There are several meaningful opportunities for growth in addition simply to the energy of a new owner. A new owner could upgrade to a type 47 liquor license (pending following the guidelines of the California ABC). Currently The Ranch House serves only wine and beer. This would improve margins and qualify the facility for more events. Menu can be refreshed. Increase schedule of catered special events (especially weddings and similar parties.)

Employees:

30

Support & Training:

Included in the sale are six weeks of training, at 20 hours a week, by the current owners. Owners may be open to additional training and / or transition responsibilities at a reasonable mutually agreed upon compensation.

Financing Available:

Yes
Seller will finance $75,000 on the sale of the purchase price related to the business. The real estate portion may be financed by traditional bank or non-bank mortgage lender financing methods.

Reason For Selling:

Husband and wife owners are divorcing, which is prompting the sale.