Red Hot Reginal Cuisine Restaurant

Capitola, CA (Santa Cruz County)

Red Hot Reginal Cuisine Restaurant

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:N/A




Rate/Sq. Ft.:N/A


Red Hot Reginal Cuisine Restaurant

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Business Description

Thriving Cafe offering regional cuisine with indoor and outdoor seating in popular center. Recipes and concept negotiable. Over $70K invested in FF&E includes full modern kitchen with hood, grease trap, plus Type 41 ABC license. Generated $399K in Gross sales in first year of business and growing!

Buyer may purchase partnership interest for 50% of list price with Seller to retain full rights to the business name and concept, including all recipes, the use of which shall be shared by Seller who will also provide ongoing consultation services as executive chef under the following terms: 1) Buyer to pay Seller ongoing monthly payments equal to 20% of Monthly Discretionary Income Before Income Taxes Depreciation and Amortization (EBITDA) for any months in which the business operates at a profit, and 2) Notwithstanding the above formula, total annual payouts to Seller shall not to exceed 10% of Gross Sales as an absolute maximum, with any overage to be credited back to Buyer at the end of each fiscal year. Offered for $125,000 or 50% interest for $62,500.

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Datta Khalsa

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Datta Khalsa

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