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Santa Cruz County, California
Asking Price
$750,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Datta Khalsa
Phone: Show phone number
Name
Datta Khalsa
Phone
Show phone number
Posting ID:
9607356
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Santa Cruz County, California
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$ 1,299,000
Own a piece of Santa Cruz history! This iconic Victorian in the heart of Santa Cruz is easily identifiable by locals as Bocci’s Cellar restaurant and the property has had the same owner since 1985. Bocci’s was a beloved landmark and meeting place for over 50 years, drawing visitors from near and far. The business was purchased about five years ago by a lessee who changed the name to Urbani Cellars, before eventually closing down in the wake of COVID and selling off the liquor license. The facility includes indoor and outdoor dining areas, both with bar service, and powered by a full kitchen with hood, grease trap, floor drains, and all the requisite sinks and refrigeration. During the time he owned the business, the Bocce courts were paved over and the rear shed areas were used as a performing arts venue with a stage and live music. We do not have access to the financial records during that period, but the kitchen remains fully operational and steps have been taken to help ensure that the restaurant operating permit can remain active for a new operator to come in and re-open either as Bocci’s or under a new name and restaurant type such as a brewery or beer garden. Alternatively, the premises can be repurposed for an entirely different business model such as industrial offices, retail and warehouse, or perhaps vehicle restoration, repair, and storage, or as live-work space with manufacturing, such as large-scale wood, metalworks, food, or art production under the broad range of uses allowed under the flexible IG zoning district guidelines. The approximately 3,200 SF two-story main building is on an 8015+/- SF parcel with a large outside area, an additional office in the back, and plenty of storage. It has been freshly painted outside, has a brand new furnace and A/C unit located downstairs, and is ready for a new owner. There is nothing like this combined business opportunity and property on the market - truly one of a kind. Perfect for a savvy restauranteur, entrepreneur, artist, manufacturer, or investor, and to help support its next phase, the Seller is willing to finance for a qualified buyer with a $450,000 down payment minimum, at 7% interest, for 5 years. Offered for $1,299,000 Please Copy/Paste the link to complete NDA and Buyer Disclosure to receive the Offering Package: https://app.simpledocs.com/custom_nda_simple_form_requests/new?sgid=eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaEpJamhuYVdRNkx5OXphVzF3YkdVdFpHOWpjeTlEZFhOMGIyMU9aR0ZYYjNKclpteHZkeTh6TURNeFAyVjRjR2x5WlhOZmFXNEdPZ1pGVkE9PSIsImV4cCI6bnVsbCwicHVyIjoic2ltcGxlX2Zvcm0ifX0%3D--7b50f65db0da7c781a9e2d64c0fadd54d749a371 "
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