Last Revised: 9/25/19. Posting #: 254095
Key Words: cafe, diner, bars, hamburger, santa cruz, watsonville, absentee
Financial Info: Price: $175,000. Down: Call. Adjusted Net: $95,785. Annual Revenues: $504,302. Attractive Rent Rate at $1.35/sq. ft. NNN ($0.16). Annual Rent running at 7.4% of Gross Sales. Includes existing Type 41 ABC License for on-site Beer & Wine sales.
Profile: Profitable Stand-Alone Diner with High Visibility & Traffic Count, Award-Winning Food.
Established in 2014 by an experienced operator, this eatery has become a fixture in the community with its reputation for great burgers and wide selection of brews, including domestic and imported brands alongside local craft beers, offering its patrons a cozy environment in a stand-alone building with ample parking in a popular neighborhood shopping center.
A full TI renovation and build-out was done 5 years ago with a complete overhaul all major systems including new electrical plumbing and drain lines, hood, grease trap, booths, tables, and bar, with the majority of equipment purchased new, and the ample kitchen and storage areas are equipped with large hood, grease trap and walk-in cooler.
The business has been profitable almost since day one, posting strong sales totals year after year which have steadily trended upward with Gross Sales recently passing the $500,000 mark and Adjusted Net Profit of $95,785.
Could be even more profitable by adding breakfast!
*2,000 sq. ft. Standalone Building
*Attractive Rent Rate at $1.35/sq. ft. NNN ($0.16)
*Annual Rent running at 7.4% of Gross Sales
*Seating Capacity for 44 dining plus 6 bar
*Full Kitchen with Large-Capacity Hood/Ansul System and Grease Trap
*Includes existing Type 41 ABC License for on-site Beer & Wine sales
P&L Summary 2018:
*Gross Sales: $504,302
*Gross Profit: $381,197
*Adjusted Net Profit: $95,785
P&L Summary 2017:
*Gross Sales: $490,390
*Gross Profit: $364,060
*Adjusted Net Profit: $94,832
Offered for $175,000.
(35.2% of Average Gross Sales)
(2.13 x Average Adjusted Net/EBITDA)
Professional Resources & Contacts To Help You Close Your Deal!
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
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