Profile: Restaurant In Santa Cruz, Great Location, Motivated Seller!
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$134,000 |
| Down Payment: |
$41,000 |
| Annual Revenue: |
Call/Email |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Here’s A Nice Little Restaurant In A Great Location That Will Lend Itself To Many Types Of Cuisine Or Use As A Convenience Store!
Currently, It’s Being Run As A Fabulous Mexican Restaurant. The Food Has A Reputation For Being Unusually Fresh And Delicious And It Has An Established Clientele, For Breakfast, Lunch, And Dinner. However, Many Other Types Of Food Might Also Lend Themselves To The Facility – Chinese, Pizza, Deli / Sandwich Shop, Convenience Store… You Name It.
The Location Is Excellent, Less Than A Quarter Mile From The Santa Cruz Yacht Harbor, Close To Twin Lakes State Beach, And At A Major Intersection Along A Main Seaside Route That Leads People From One Side Of Town To The Other. The Building Is Two-Stories, With Apartments Upstairs That Produce 2,250 In Extra Rental Income. (They Are Currently Occupied). The Restaurant Presently Opens At 9am, Though Neighbors Have Voiced Interest In Earlier Breakfast Hours, Starting At 6am, When People Are Headed To Work. (An Untapped Potential Source Of Revenue). There Is New Furniture, A New Fryer, A Large 5-Door Walk-In Cooler, And The Exterior Was Recently Repainted.
The Current Owners Purchased The Restaurant Less Than A Year Ago With A Partner, Who Since Left. Between Children, Family, And Their Other Restaurant, They Don’t Have The Time And Energy To Manage A Second Location Alone. Their Asking Price Is Simply What They Originally Paid For The Leasehold, Clientele, Furniture, Fixtures, And Equipment In Place; No Mark-Up. Complete Financial Information Is Not Available At This Time, As The Owners Have Not Yet Been There A Full Year, Though Basic Sales Data Would Be Available. A Beer And Wine License Was Just Granted This May.
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