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PROPERTY DETAILS

Sell your business or commercial property?
Asking Price $299,000
Gross Income $1,900,000
EBITDA $163,000
Monthly Rent $4,100
Lease Left 3
CAP Rate 45.13%
FF&E N/A
Established N/A
Rent/Month $4,100
Down PYMT N/A
Cash Flow N/A
Net Income $163,000
Payroll N/A
Option Terms 4 years
IRR N/A
Inventory $5,000
SQFT N/A
Lease Terms 3+4
Est Loan PYMT N/A
GOI $1,900,000
CFBT N/A
NOI N/A
Cap Rate 45.13%
GRM N/A
Down Payment N/A
Lot Size N/A
Bulidings N/A
Rooms N/A
Units N/A
Occupied N/A
Year Built N/A
Parking Spaces N/A
APN N/A
Lot Number N/A
Parcel/SIdewell# N/A
Monthly Cash Flow N/A
CFAT N/A
Occupancy N/A
IRR N/A
COCR N/A
Loan Payment N/A
Sq Ft N/A
Stories N/A
Beds N/A
Price/Unit N/A
Price/ Rooms N/A
Price Square Foot N/A
Year(s) Renovated N/A
Air Rights N/A
Assessors Parcel # N/A
Block Number N/A
Legal Descriptions N/A
* Not Included in the asking Price
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

The financial information was supplied by the seller and has not been 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.

Listing Contacts
ajrana
  • AJ Rana - 1999 S Bascom Ave
  • Campbell, CA 95008
  • Phone: 408-780-2200
  • Phone Alt:510-737-8500
Location
Santa Cruz County, California
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