Last Revised: 9/25/19. Posting #: 251909
Key Words: cafe, bars, taphouse, santa cruz
Financial Info: Price: $299,999. Down: Call. Adjusted Net: $124,025. Annual Revenues: $1,473,708. Annual rent currently running at 6.8% of Gross Sales. Ratio of Sales: 51.9% Beverages, 48.1% Food.
Adjusted Net Profit has averaged $124,025 over the past 4 years.
Profile: This established and successful restaurant and taphouse is a sought-out destination for Santa Cruz locals and visitors alike. Leasehold Improvements, Furniture Fixtures & Equipment valued at $142,234. Indoor/Outdoor seating. Full kitchen with large-capacity hood/Ansul system and grease trap. Existing Type 41 ABC License for on-site Beer & Wine sales, and Entertainment Permit for amplified music. Gross Sales: $1,473,708 in 2018.
Annual rent currently running at 6.8% of Gross Sales.
Ratio of Sales: 51.9% Beverages, 48.1% Food.
Adjusted Net Profit has averaged $124,025 over the past 4 years.
(23.7% x Gross Sales)
(2.8 x Average Adjusted Net Past 4 Years)
Professional Resources & Contacts To Help You Close Your Deal!
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