Santa Cruz County, CA
This special property is a highly-rated 12 room B&B with a vibrantly successful 115 seat restaurant and a 23 seat bar/cafe area. Full liquor license. The business is very well established and both the inn and the restaurant have excellent reputations and repeat clientele. Great cash flow 10% cap rate!
The business is situated in an attractive, well maintained and upgraded historic building on a main coastal road in a charming small town surrounded by vast areas of park land and scenic coastal beauty. The main building has the restaurant, bar, cafe and eight comfortable rooms opening on a second floor veranda with ocean views. The kitchen is well equipped and the owners also provide catering to local venues. A second parcel has the remaining units including some for family groups, and small residence currently rented on a long term basis. Parking is plentiful.
The property is comprised of three parcels: the main building, the additional units, and a large vacant parcel fronting on the main road, totaling 0.87 acres. The vacant lot was once occupied by a larger hotel. It is currently zoned C-1 by Santa Cruz County and could potentially be developed. (Buyer must investigate zoning and permit status.)
From this great location 10 minutes north of Santa Cruz, it' s an easy drive to the attractions of San Francisco, Silicon Valley, and the Monterey Peninsula.
The majority of revenue comes from the restaurant. There are many ways to grow, building upon a well-established reputation that brings repeat and word-of-mouth customers. An emphasis on inn operations and marketing could increase occupancy rate and average daily rate. The restaurant is already an enormous success, but further fine tuning might increase cash flow. The catering operation could be expanded further. There are multiple opportunities for creative new directions, limited only by your imagination. The current business is well managed with good staff in place. Training can be provided to a new owner.
The owners are selling in order to semi-retire, planning to focus on other smaller scale business activities.
This is a unique property on scarce coastal commercial land. Highly profitable and well established, it is both a great investment and a business to be proud of.
This opportunity won’t last long. Call us today at 831-625-5581 or use the online contact form below.
Los Angeles County, CA
Calling all Investor this is a goo buy business opportunities.
Seller is very motivated.
Sacramento County, CA
Lot's of potential.
Perfect for owner operator.
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SW Riverside County, CA
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Los Angeles West Side, CA
LA Area High End, CA
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