Return
California / Santa Cruz County / Watsonville / Beautiful Italian Restaurant With Full Bar!
Listing ID: 100040

Beautiful Italian Restaurant With Full Bar!

Print Share Favorite
Italian-restaurant-for-sale
Year Build
N/A
No Of Floors
N/A
Total Space Available
N/A
Building Class
N/A
Lot Size
N/A
Purchase Price
$350,000
Gross Income / MO
$1,900,000
Monthly Cash Flow
Cash On Cash Return
N/A
Financial Analysis
Cash On Cash Return N/A
Internal Rate of Return (IRR) N/A
Capitalization Rate
Gross Rent Multifier (GRM) N/A
Dept Coverage Ratio (DCR)
Operating Expense Ratio N/A
Operating Analysis
Gross Income $1,900,000
Gross Operating Income (GOI) $1,900,000
Total Expenses N/A
Net Operational Income (NOI) $163,000
Annual Debt Service
Cash Flow Before Taxes (CFBT) N/A
Description
Price Reduced for Quick Closing! The original listed price was $399,000.
An excellent opportunity to buy an Italian Restaurant with a full bar, situated in the prime location. This restaurant is a high pace Italian Restaurant located in a unique area of Santa Cruz County which has been operating very successfully for the last four years. Family and business conference friendly Authentic Sicilian Italian cuisine. The current owner had negotiated great rent terms. The restaurant currently runs absentee owners. The restaurant has nice interior decor with a full bar — lots of upsides for a buyer with excellent management skills.
Type 47 hard liquor license.
The restaurant kitchen is fully equipped to handle rush hours.
Important: Please print and sign the NDA for more information.
Note: Proof of funds required for the Financial package.

Gross Sale: $1.9 Mil Plus
Net Income: $163,000 Plus ( Before Add-Backs)
Net Income After Add-Backs: $208,000 Plus
Rent: $4100 Monthly
Seats: 127
Size: 3477
Lease 3 year with 4 years option
Employees: 2 full time and 36 part-time

Affordability
Your est. payment: / month*
Purchase Price($):
Net Operating Income($):
Down Payment($):
Interest Rate(%):
Loan Type:
Listing Offered By
AJ Rana
AJ Rana
Broker
CALBRE: 01724170
Phone Email
Special Remarks
To receive more information please provide the following items
1. Signed NDA
2. PROOF OF FUNDS
3. LOI
We are not permitted to provide any more information without the signed NDA
Floor Plan
No floor plan available.
Map
Contact Us
$ Amount you could invest (from currently avible funds)
Purchase timeframe (months)

Submit
Disclaimer
The financial information was supplied by the seller and has not been verified and will not be verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
©2024 Lemara Commercial. All Rights Reserved. Corp CalBRE: 02036766