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  Home > Search Results > For Sale: Italian Restaurant

For Sale Italian Restaurant In Santa Cruz, 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 #: 245116
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Absentee Run  
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.

Facility Details:
- 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

Sales History:
- 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.

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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: 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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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!
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Contact: Jeff Back at 925-736-8200   Log In To Message/Email This Contributor
Profile: J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years.
Key Words: jeff back, j. back & associates - restaurant sales, restaurant, restaurant broker, fast food, hamburger, bar, quick service restaurant, pizza, gastro pub, pub, thai, mexican, hayward, alameda, san ramon, constra costa, san jose, santa clara, oakland, dublin, lafayette
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
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Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
Key Words: jordan green, escrow, business owners, business buyers, buyers, sellers, contract deposits, taxes, business purchase financing, financing, landlord, landlords, lease, leases
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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Key Words: jordan green, business broker, broker, intermediary, buy a business, finding a business, business selection, entrepreneur
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Contributor: Peter Siegel, BBN Facilitator at - Log In To Message/Email This Contributor
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