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For Sale 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 #: 248295
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Asset Sale  
Key Words: cafe, santa cruz, asset,
Financial Info: Price: $95,000. This opportunity is being offered as an Asset Sale without representation of past business volume. Owner paid more and invested an additional $30K+ into additional equipment and new TI buildout.
Profile: Formerly the location of the wildly successful Italian Restaurant Caffe Lucio, this facility most recently was the home of Earthbelly, a non-GMO eatery that developed a loyal following in its 2 years as a destination for quality food, but never gained the customer base needed for a sustainable and thriving business. The location was recently closed and is now being offered to the next restaurateur seeking a prime location with high exposure and ample parking.

The 2400 SF facility comes fully-equipped with hood and grease trap, walk-in cooler and nicely appointed with an extensive list of Furniture, Fixtures and Equipment for a true plug-and-play turnkey operation. Landlord is wiling to work with a qualified incoming applicant for seamless transition with current rent rate at $3.27/NNN ($0.61). Includes indoor dining for 72 plus 21 at the bar, fenced patio seating for 28 and in-place Type 41 ABC License for Beer and Wine and shared use of front and rear parking for 92 cars.

This opportunity is being offered as an Asset Sale without representation of past business volume, and the attached schedule of Furniture Fixtures and Equipment from when the business was purchased by the current owners 2 years ago has been provided for general reference only, with prospective Buyers to confirm current items present that will be included in the sale. Interested parties can get access for a viewing of the facility through exclusive listing agent Datta above.

The 2,400 sq. ft. Facility Features:
High-Profile stand-alone corner location in neighborhood strip center.
Busy signalized intersection with high traffic counts and great exposure.
Indoor seating for 72 plus 21 at the bar, with additional fenced patio seating for 28.
Large pet-friendly covered patio perfect for use as Beer Garden or outdoor banquet or party spot.
Equipment includes full pizza oven, fryer, commercial stoves and ovens, kegerator, walk-in and deli cold cases.
Priced at $95,000 for Immediate Sale.

Owner paid more and invested an additional $30K+ into additional equipment and new TI buildout.

Professional Resources & Contacts To Help You Close Your Deal!

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
Pro Advisor  
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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: 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
Pro Intermediary  
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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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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

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: It is crucial to have buyers interested in purchasing a business sign a non-disclosure agreement before releasing any information to them about the business for sale. BizBenNetwork Senior Manager Jordan Green shares tips for qualifying buyers and implementing a successful non-disclosure agreement.
Key Words: nda, non-disclosure agreement, confidentiality agreement, non disclosure, non disclosure agreements, confidentiality, confidential information, buyer profile, business buyer, prospective buyer, buyer prospect, liability, legal issue, legal, jordan green
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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.
Key Words: postings, posting, peter siegel, advertising
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
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Comments & Replies: 2   Topics: buying a business, due diligence
Profile: When buying a restaurant, business buyers must consider a number of critical aspects of the business to determine if the restaurant is a good fit, set up for future success, or requires a concept change instead. BizBenNetwork Senior Facilitator Manager Jordan Green starts this discussion.
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