Stylish Italian Restaurant

Santa Cruz, CA (Santa Cruz County)

Stylish Italian Restaurant
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Asking Price: $399,500

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Stylish Italian Restaurant

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Business Description

Prime location in hip beach neighborhood, indoor and patio up to 95 seats (currently 80), stylish custom made interiors, private parking with 24 spaces. In business for years, always busy and successful.

Lease expires at the end 2021 + 5 years option. All the equipment and furniture in very good condition. Gross over $1.2M, adjusted profit (including owner officer salary and extended benefits) $250k.

Social media presence with a great reputation and hundreds of real costumers following. Very well rated on major platforms (yelp, trip advisor, google etc..).

Well trained key staff willing to stay. Turn key operation, included recipes and eventual training. Included.

Facility Details:
. Dining Capacity for 95
. Full kitchen plus additional dry storage.
. Speciality oven
. Lease expires Jan 2021 plus 5-year extension.
. Separate restrooms for employees and guests

Sales History:
. Gross Sales over $1.1 Last year
. Positive trending over prior 6 years went from $900K in 2013 to $1.2M in 2018

Core Employee details:
. Core employees willing to stay

Owner Operator Details:
.Owner manages back office and administration
. Owner semi-absents during operation hours, mostly hosting and entertaining guests

Available for $399,500

Detailed Information

Location:
Santa Cruz, CA
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Datta Khalsa

Business Listed By:
Datta Khalsa

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