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For Sale Diner In Santa Cruz County, California

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Contact: Datta Khalsa at 831-462-4000 - Log In To Message/Email This Contact
Last Revised: 9/25/19. Posting #: 254095
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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.

Overview:
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!

Facility Details:

*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!

Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
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
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Contact: Russell Logan at 703-786-8783, 703-786-8783 (Cell)   Log In To Message/Email This Contributor
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
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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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
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.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Successfully buying a business is a difficult and time intensive task for business buyers. Now, imagine trying to buy a business that has many interested buyers. BizBenNetwork Senior Facilitator Manager Jordan Green gives buyers helpful advice for overcoming their competition and buying a business.
Key Words: jordan green, deal structure, purchase agreement, deal terms, buyer, business buyer, financing, post-deal terms, negotiating, transaction, buy a business, negotiator, negotiate, pre-qualified, transition
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Contributor: Spencer Siegel at 925-701-8064 X315   Log In To Message/Email This Contributor
Profile: Underestimating the buying process for any business is a bad mistake to make, but it commonly happens with smaller, simpler businesses such as coffee shops. Conducting due diligence and a few other steps specific to coffee shops will help insure success. Spencer Siegel, BBN Facilitator Mgr explains.
Key Words: coffee, cafe, restaurant, due diligence, spencer siegel
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
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Contributor: Joe Ranieri, Business Broker at - Log In To Message/Email This Contributor
Comments & Replies: 1   Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
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Contributor: Jordan Green: BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 1   Topics: buying a business, landlords, selling a business
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Contributor: Jordan Green: BBN Facilitator at - Log In To Message/Email This Contributor
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Mike Brewer - Liquor Licenses - California 0219
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