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Yelp Review ''delicious Food. Amazing Service...''
Location: United States -> California -> Northern California - All Northern California
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Price Reduced to $250,000 - SBA pre-approved - Santa Cruz Restaurant/Bar with Hard Liquor License

RRC#: 3961
Asking Price: $250,000
Location: Central Coast, California
Annual Revenue: $2,000,000
Annual Cash Flow: $172,000
Monthly Rent: $3,000

Listing Description:
$250,000 for this nicely appointed Restaurant & Bar set in an original setting. Established in 2007 by a dynamic husband and wife team along with their long-standing employees this restaurant saw early success and has thrived for 15 years by offering outstanding food quality, local wines & beers and a full bar with a solid reputation for Catering many events either indoors or in their outdoor clear view tent.

The established menu offers exciting apps, creative salads, pizza, pasta and favorites like Salmon and grilled Tri-Tip on Ciabatta. Restaurant and Bar space is 2,400 sq ft plus 650 sq ft of storage and an attractive patio seating area to enjoy special events. 2018 & 2019 revenues exceeded $2 million, financials below are from 2018 & 2019. Although 2020 was a disaster for 99% of private restaurants, this restaurant managed sales in excess of $1million. 2021 is now back on track and business has returned to above the normal 2018 & 2019 monthly business.

Extremely low monthly rent of $3,000 representing just 1.9% of revenues with terms to 2025 and further options by negotiation. The bright modern kitchen enjoys a 16ft type 1 kitchen hood with 6 burner stove, flattop, deep fryers and a walk-in cold-room and bags of prep space. 10 craft beers on tap, local wines and a full inventory of popular liquor including some unusual varieties. The dining room is modern in appeal with a combination of booths and tables with bar seating and high bar tables.

To receive more information and discuss this opportunity with the broker along with the broker-s connections for a long-term SBA loan solution please complete the -Non-Disclosure Agreement- on our website and we-ll send you the name


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $2,000,000
Cash Flow:   $172,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other Interests




Print Listing Id: 700362590
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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