Known for its locally sourced seasonal produce and seafood, this well-equipped Santa Cruz County restaurant is located in a free standing building with its own 35 space parking lot. Established in 1987, they moved to a new location in 2012 and spent over $200,000 on new kitchen equipment, furniture and renovations. In addition to the main dining area, there is a separate room that is used for private parties. There is an attractive bar; the business has a type 47 ABC license. Currently open for diner only on the weekends, there is an upside to increase revenue by extending restaurant hours. The sellers are ready to retire after over 30 years in the restaurant business. They're motivated to sell and will offer financing to a qualified buyer. NO BROKER COOP.

General Info

  • OrganizationContact For Info
  • Established1987
  • Current Owner1987
  • EmployeesFT:7, PT:22
  • Reason For SaleRetirement

Facilities

  • Seating85
  • Square Feet2574
  • ParkingParking lot
  • LicensesHealth permit, food safety, ABC Type 47
  • Open HoursMon-Thurs 11:30-2pm & 5-9:00pm; Fri 11:30-2pm; Sat 5-9:30pm; Sun 5-9pm

Lease

  • Rent$8068 NNN $970
  • Expiration2/28/2026
  • Yearly Increase3% year except 1st year of each term is 5%
  • Option(1) 5 yr option
  • Deposit$12,870

Financials

  • Monthly Revenue$133,862
  • Monthly Cash Flow$13,139
  • Annual Revenue$1,606,349
  • Annual Cash Flow$157,673
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. 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.

Location