300 Ventura Ave, Oak View, CA 93022

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Building Details:

• Year Built: 1950

300 Ventura Ave is located in Oak View, CA.

Property is on the main thourghfare connecting the city of Ventura to the Ojai Valley. The property is located on Ventura Road and is highly visable as the first commercial business when entering the community of Oak View. The Business "Builders Mart" has been a staple of the community for more than 50 years and remains the primary business and supplier of hardware, plumbing supplies, paint, and electrical parts for the home owner and commercial plumbers and electricians serving the communities of Oak View and Ojai. The property has 4,000 square feet of retail space and more than 2,000 square feet of enclosed shed areas which are utilized as a screen repair facility, a full glass repair room, and masonary storage. The lot itself has a main and side entrance. The hardware store is on prime real estate and could be expanded to incorporate Tack and Feed, Auto Parts, and outdoor nursery needs. The price includes real estate and the business. The business currently grosses approximately 350,000 per year with an average margin of 45%. Books and records are accurate, the store has approximately 250,000 in inventory (COG) and has very little a/p.

Property is only available with the acquisition of the business.

Long term lease is also available with the business purchase.

Business Valuation: $249,000
Property Valuation: $849,000

Lease rate without property purchase: $4,500. NNN (10 years with(2) 5 year options and/or purchase option.

Contact Randall Barondess or Joe Ahearn