Restaurant with fabulous location in downtown Santa Cruz

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Asking Price:
$180,000

Gross Revenue:
$1,000,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

PRICE REDUCED TO $180,000 FOR QUICK SALE!

Description: If you are looking for an ideal location to bring your winning restaurant or casual dining concept to, right in the center of bustling downtown Santa Cruz, then this is it! Both Hom Korean Kitchen as well as High Tide Poke locations can be yours. The restaurants boast 3600 SF, $11,000 per month plus NNN, with 9 years remaining on the lease with another 5 year option to renew available. Or negotiate a new lease with amenable landlord. Easy walking distance to the Transit Center, The Catalyst, Kaiser Permanente Arena, and every other iconic downtown Santa Cruz landmark.
This is a sale of assets only. The current concepts are not included. Type 41 ABC beer wine license included. Prime location and very rare in Santa Cruz. Seats 55 with room for more. Large out door patio right on Pacific Ave. with huge foot traffic. 4 dedicated parking spaces with city lot close by. Live music permitted. This is a sale of assets for the Santa Cruz location only. Bring your own winning concept.

Asking Price: $180,000
Seller Financing: None
Gross Revenues: $1M projected for 2019
SDE: $100,000 projected for 2019.
Lease: $11,000/M + NNN. 9 year remaining on lease, + 5 year option to extend.
SALE OF ASSETS ONLY.
EMAIL BROKER FOR NDA AND PROFILE. PERSONAL FINANCIAL STATEMENT MAY BE REQUIRED.
Rex Walters, CBB, PhD
Certified Business Broker
Coast Business Brokerage
Lic. #01841628
Cell: 831-239-2080 Email: scbusinessbroker@gmail.com
www.coastbusinessbrokerage.com

About the Business

Location:
Santa Cruz, California
Website:
www.homkoreankitchen.com
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Listing Info

ID:
1660965
Ad Detail Views:
224

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Business Listed by

Rex Walters

Coast Business Brokerage
License# 01841628

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