Italian Restaurant With Full Bar In Watsonville /Santa Cruz

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Well Established Italian Restaurant in Watsonville/Sabta Cruz, CA
Asking Price:
$390,000

Gross Revenue:
$2,100,000
Cash Flow:
$185,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Italian Restaurant for sale! An excellent opportunity to own an Italian restaurant with a full liquor bar. This restaurant is a high volume Italian Restaurant located in a unique area of Santa Cruz County which has been operating very successfully for the last four years. Family and business conference friendly Authentic Sicilian Italian cuisine. The current owner had negotiated great rent terms. The restaurant currently runs absentee owner. The restaurant has nice interior decor with a full bar — lots of upsides for a buyer with excellent management skills.
Type 47 hard liquor license.
The restaurant kitchen is fully equipped to handle rush hours.
Important: Please print and Sign the NDA for more information.
Note: Proof of funds required for Financial package.
Gross Sale: $2.1 Mil
Catering: $180,000
Rent: $3900 Monthly
Seats: 108
Lease 3 year with four years option
Employees: 2 full time and 36 part-time

The financial information was supplied by the seller and has not been verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

About the Business

Location:
Santa Cruz County, California
Year Established:
2015
Number of Employees:
38
Real Estate:
Leased
Building Sq. Ft.:
1
Rent:
$3,900.00 Per Month
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About the Sale

Reason For Selling:
Other Interest
Training/Support:
4 Weeks by owner

Listing Info

ID:
1564410
Ad Detail Views:
72

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Business Listed by

AJ Rana, MBA

Lemara Commercial
License# 01724170

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.