Historic California Restaurant & Inn with Ocean View for Sale

Davenport, CA (Santa Cruz County)

Patio
Contact Seller

Asking Price: $650,000

Cash Flow: $395,000

Gross Revenue: $1,737,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $22,000 /Month

Established: 1977

Historic California Restaurant & Inn with Ocean View for Sale

Save Print Share Valuation Report

Business Description

Well established Restaurant & Inn with Full Bar right on Highway One

The Davenport Roadhouse Restaurant & Inn is a well established business featuring, full bar, retail gift shop & inn, along California's beautiful Highway 1 in Davenport California. For sale is the Restaurant+Bar+ Take Out Coffee shop and Inn - Optional the Real estate is also for sale.
The Roadhouse features one of the largest commercial frontages on the highly trafficked Pacific Coast Highway between San Francisco and Carmel.
-Irreplaceable Location Along Highway 1
-The Restaurant and Inn have been operating for over 40 years
-Proven Revenue and great Profit due to Restaurant and Inn combination
-Potential additional revenue streams - from retail and rental as well as exciting developments taking place in the area. (National Monument, Bicycle Trail)
With coastal views and a constant flow of traffic, the Davenport Roadhouse is a once in a lifetime opportunity to operate a historic Restaurant & Inn along California's famous Coastline
About the Location:
Davenport is an idyllic setting, nestled along the coast approximately 9 miles north of Santa Cruz and 70 miles south of San Francisco. Despite its atmosphere of small town quietude, Davenport has an average of 7,600 daily cars traveling along Highway One. In addition to visitors from out of the area, Davenport is a favorite destination of locals from Santa Cruz County. Whether looking for a scenic drive (or bike ride) on the way to brunch, or stopping on the way to view the Elephant Seals at Ano Nuevo, Davenport benefits from its position as the last outpost along the northern coast before Half Moon Bay (a 40 mile drive).
It is surrounded by 7,000 acres of state parks and beaches. The headquarters will be established five minutes drive to the south of the Davenport Roadhouse. A trail system is scheduled to be installed in the park behind the Davenport Roadhouse Restaurant & Inn and in the beach in front of the Roadhouse. https://www.landtrustsantacruz.org/new-trails/
The highly profitable Inn business with 9 rooms boosts the overall business profitability.
Optional the Property is also for sale- Own a large commercial property with ocean views on Hwy 1

Attached Documents


Detailed Information

Location:
Davenport, CA
Real Estate:
Leased
Building SF:
19,000
Lease Expiration:
N/A
Employees:
20
Facilities:
The restaurant caters for 100+ seating supported by a large kitchen with up to date equipment, Wood Fired Pizza Oven, Coffee and Take out station as well as a full Bar. The Davenport Roadhouse is the only full bar between Santa Cruz and Half Moon Bay. Assets included in the Sale License to Operate a Restaurant and Full Bar -Type 47 Liquor License on-site and designated surrounding outdoor areas -Live music permit: -Sale of unopened bottles of alcohol (wine, beer and spirits) -9 inn rooms above the restaurant
Competition:
A significant portion of revenue comes from visitors who live less than two hours drive from the property. National recognition of the location is growing and through continued national exposure and word of mouth advertising from satisfied customers. Tourism is one of the largest industries in Santa Cruz County. Each year this industry brings $513 million in revenues to Santa Cruz County businesses. There are currently 2 other food serving places in Davenport non of those serves the distinct Roadhouse clients.
Growth & Expansion:
Focusing on the strengths of the business, while enhancing profitability by targeting high profit margin menu items (alcohol sales, pizzas, pastas, etc.), should be the main component of the business strategy. Other avenues to enhance business revenue are through events, live music and mid- week packages. Some of the concepts are: - Dinner packages featuring guest speakers appealing to the high-income special interests within the community such as the founders of local vineyards and farmers. Wine Tasting seminars, etc. Cater for upcoming bicycle trail
Financing:
Owner can help with financial contacts
Support & Training:
We want the buyer to succeed and will establish the training needs during the takeover.
Reason for Selling:
Owners are retiring
Business Website:
http://www.davenportroadhouse.com
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Business Listed By:
Frank Walton

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1641224 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Sculpture Hospitality

Franchise Opportunity
Cash Required: 39900