Santa Cruz, CA
Restaurant And Bar + 2 Other Retail Businesses + Real Estate
Asking Price: $3,995,000
Location: Remarkable Location, Santa Cruz, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: Contact For Info
The subject property consists of three commercial tenants - a restaurant and bar on one level and restaurant and bar on other level in a city central district. A buyer could operate one or more of the busiensses and lease out the other business(es). The market rent is appoximately $2.25 square foot NNN 8,480 sq ft net leasable times $2.25 sq ft = $19,080 month times 12 months = $228,960 gross rent. The fair market value of the businesses individually are $325,000 for the restaurant and bar with profits of $80,000, $335,000 for the bar with $122,000 profit and $200,000 for the quick service restaurant with approximately $800,000 sales based upon individual valuations completed by the broker.
Organization: Sole Proprietorship | Seating: Rest/Bar 150+ Bar 50+ Quick Service 50 | Square Footage: 10,840 Gross 8,480 Net Leasable Area | Licenses Required: Business, 2 - ABC Type 47 Licenses (hard liquor) | Reason For Sale: Other Interests |
Monthly Rent: |
For Sale ~Established, profitable frozen yogurt store in strong retail business location, with relative low rent.
Proximity to UC Santa Cruz, and local schools with heavy drive-by and foot traffic. Off street parking.
Offering custom made frozen yogurt; over 25 varieties of gourmet hand-made ice creams; organic espresso and latte drinks; smoothies, shakes and a variety of healthy drinks.
Beautiful custom made countertop displaying over 50 different fresh and premium toppings.
Warm and inviting setting with inside seating for 25 and outside patio seating for 14.
Great local following; outstanding Yelp reviews; many loyal Facebook followers.
There is great opportunity with this location with an adjacent newly opened medical facility and other positive traffic developments underway. Menu expansion could include salad bar and assorted sandwiches ~ turning this location into much more than a Frozen Yogurt Store with upside income potential.
The store operates with 4 well-maintained Taylor frozen yogurt machines, serving 8 different flavors, with an additional (5th) fully operational Taylor machine included.
Also included with this purchase are:
-Two commercial stainless steel triple door kitchen fridges;
-Two commercial freezers;
-Two commercial fresh topping counter fridges;
-Two Hussmann quality ice cream cabinets;
-Two Vitamax commercial blenders;
and complete set of copper based manifolds for water
cooling soft serve machines with roof top water cooler
(saves on PG&E costs).
A complete asset list is available for this well-equipped store.
Very favorable monthly rent of $2,200. Excellent landlord looking to enter into a new long term lease. No close competition. No franchise fees! Easy to operate!
For more information or to see property, contact Dirk.
Santa Cruz County, CA
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