Last Revised: 9/25/19. Posting #: 245116
Key Words: italian, pizza, pizzeria, pasta, santa cruz, absentee
Financial Info: Price: $399,500. Down: Call. Adjusted Net: $183,232. Annual Revenues: $1,150,000. Great lease in place through end of 2021, plus 5 year option. Positive trending over the prior 6 years went from $900K in 2013 to $1.15M in 2018.
Profile: Established and profitable Italian restaurant in one of Santa Cruz' best beach neighborhoods, with menu featuring award winning wood-fired pizza, calzones, soups, salads and pastas.
Great lease in place through end of 2021, plus 5 year option. All equipment and furniture in very good condition.
Strong social media presence with a great reputation and hundreds of real costumers following. Very well rated on major platforms (Yelp, Trip Advisor, Google, etc..).
Well-trained key staff willing to stay. Turn key operation, with all recipes and eventual training included.
- Dining capacity for 95
- Full kitchen plus additional dry storage.
- Specialty oven
- Lease expires Jan 2021 plus 5-year extension.
- Separate restrooms for employees and guests
- Gross sales for last year were $1,150,000.
- Adjusted net (including owner officer salary & extended benefits) $183K.
- Positive trending over the prior 6 years went from $900K in 2013 to $1.15M in 2018
Core employees willing to stay.
Owner Operator Details:
- Owner manages back office and administration.
- Owner semi-absentee during operating hours, mostly hosting and entertaining guests.
Available for $399,500.
Professional Resources & Contacts To Help You Close Your Deal!
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