Super Busy, Charming Turn Key Breakfast Lunch Cafe In Tourist Area, Beer & Wine, Absentee Owner RRC#: 3647 For Sale

Business For Sale Details

Updated on February 24, 2020 at 11:16 am

Property ID: 3647
Price: $550,000
Building: 2600 sq. ft.
Type: Cafe for sale
Status: Business For Sale
Revenue (Annual): $1,000,001-$2,000,000
Cash Flow (Annual): $150,001-$250,000
Rent: $7,500
Lease Expiration: 2030
Year Established: 1970
Current Ownership: 2000
Reason For Sale: Retiring
Employees: 18
Revenue (Yearly): $1,530,955
Cash Flow (Yearly): $217,192
Days/Hours of Operation: Daily 7AM-2PM
Seating: 140
Parking: Lot in back and street parking
Licenses: City Business License, Health Department Permit, ABC Type 41
Lease Security Deposit: Yes
Lease Options: Yes

Description

Super Busy, Charming Turn Key Breakfast Lunch Cafe In Tourist Area, Beer & Wine, Absentee Owner RRC#: 3647

Asking Price: Offered At $550000
Location: Santa Barbara County
Annual Revenue: $1,530,955
Annual Cash Flow: $217,192
Monthly Rent: $7,500

Listing Description:
Rockin’ award winning comfort food favorites for breakfast & lunch daily from 7am-2pm in the heart of Wine Country! Long established, scratch kitchen café with tons of warmth & character with two separate dining areas, open kitchen, counter seating, enclosed, covered patio & beer and wine. A hit with locals and tourists alike year round. Fantastic staff and employee run. Owner works less than 15 hours a week. Tons of potential to grow business with dinner service and happy hour. ABC type 41 license. Fully equipped with 20 foot cook line, prep kitchen, 8×10 walk in cooler, grease trap, dishwashing area, ample storage, 7 parking spaces in back, full security system/alarm. Landlord to issue new lease for well qualified buyer with favorable terms. This is a very special business!

General Information:
Established: 1970
Current Owner: 2000
Employees: 18
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $127,579
Monthly Cash Flow: $18,099
Annual Revenue: $1,530,955
Annual Cash Flow: $217,192
Payroll: Contact For Info