Italian Restaurant - Urgent Price Reduction

Carpinteria, CA (Santa Barbara County)

Italian Restaurant - Urgent Price Reduction
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Asking Price: $89,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $100,000

Inventory: $1,500*

Established: 2015

*not included in asking price.

Italian Restaurant - Urgent Price Reduction

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Business Description

Must sell NOW!

URGENT PRICE REDUCTION TO $89,000

This Turnkey Pizzeria Offered to Highest Reasonable Bidder Today!

PRICE WAS $239,000, NOW $89,000

Owner seriously ill, MUST SELL NOW!

Beachside restaurant paid $88,000 to owner operator (2017).

Homestyle Italian food and friendly service to the Montecito, Summerland, Carpinteria and Santa Barbara communities.

BEER & WINE License!
Old fashioned bar stocked with draft & bottled beers.
Rent only $2.33 per sq ft + NNN. Total: $6089 mo.
2100 sq. ft. + rent free 1000 sf tiled patio and 272 sf Office
Extra Large, fully equipped kitchen with 2 hoods
Next to lots of other shops
Gross Sales 2017: $504,065
Net Owner Income 2016: $92,000
Inventory: $1,500
Furniture Fixtures & Equipment: $110,000 at new value
Excellent catering kitchen.

Repeat celebrity customers!

Price: Was $179,000, now $89,000
Rent: $6,089
Square Footage: 2,100 + 272 second floor office + 1,000 Patio
Occupancy: 110-Inside
Lease: to 2023, Longer lease negotiable

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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Contact the Seller

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Sharon Hills

Business Listed By:
Sharon Hills

Santa Barbara Business Brokers

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