Established Restaurant for Sale in Scotts Valley

Scotts Valley, CA (Santa Cruz County)

Established Restaurant for Sale in Scotts Valley
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Asking Price: $298,000

Cash Flow: N/A

Gross Revenue: $620,000

EBITDA: N/A

FF&E: $100,000

Inventory: $10,000*

Rent: $5,139 per Month

Established: 1986

*not included in asking price.

Established Restaurant for Sale in Scotts Valley

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Business Description

Newly renovated restaurant in an excellent location

A well-established newly renovated restaurant in an excellent location, just 25 miles from Silicon Valley and 6 miles to Santa Cruz beaches. The restaurant has been in business for over 35 years, since 1986, with good, generous and loyal customer base. It is situated in Graham Plaza, a shopping plaza with high visibility. There is a nice outside courtyard for outdoor dining. Efficient kitchen area with lots of storage space.

Great opportunity for somebody who is eager to work and continue to build on a successful business. The restaurant has remained strong doing a very good take-out business during the pandemic, and partly due to the outdoor dining area.

The restaurant enjoys community support!

Detailed Information

Location:
Scotts Valley, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
1/1/2024
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Included in Sale: • ABC License type 41 • Business name • Client List • Kitchen Equipment and Appliances. • Strong lunch, dinner and “To Go” Sales • Banquet tables, chairs, glasses, dish ware, flatware, and more… Inventory: - Tables - Booths - Chairs - Counter - Large screen displays - Walk-in cooler - Freezers - Refrigerators - Prep tables - Wok range - Stove - B.B.Q. oven - Icemaker - Dishwasher - Sinks
Competition:
The restaurant has remained strong doing a very good take-out business during the pandemic, and partly due to the outdoor dining area.
Support & Training:
Owner will train and consult
Reason for Selling:
The business owner has retired; nephew is running business.
Business Website:
http://WWW.BURROWES.COM
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Business Location


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Paul Burrowes

Business Listed By:
Paul Burrowes

David Lyng & Associates, Inc.

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Ad#:1844305

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