Review

Wine Bar
Restaurant, Food Related
In or near Santa Cruz

Status: Available
Price: $179000
Sq Ft: Sq Ft.

LBA Listing # 3811
 

 
Wine Bar
Restaurant, Food Related


Santa Cruz LBA Listing # 3811
Well established wine bar in one of the most desirable City. A unique wine and tapas bar specializing in local wines and delicious food. With spacious indoor seating and ocean views, it is ideal for private events or just a moment to relax. This Wine Bar invites you to come enjoy panoramic vistas from the wharf, great wines  and a little Charm of the city! Many of the wines are estate-grown and from family-owned wineries. They feature "Meet- the Winemaker"tastings and other promotional events, including Winegrowers Association Passport Days. This County produces world class wines that are hard to find in stores and restaurants and they are showcased here. Seller claims Gross Annual Sales is about $240,000, rent is minimum rent or 8% of sales, whichever is larger, monthly avg. will come out to $2,351.52. All staff is in place including chef, manager, and event coordinator. Lease expires 2039. 
This is absentee run with food cost at 41% and Labor cost of 40%. Owner operator can possibly bring down food cost and labor by 10%.
Status: Available
Price: $179000
Sq Ft: Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Wine Bar / Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3811
Date Available: 10/24/2019
Reason For Sale: Other Interest.
Annual Total Revenue: 240,000
Annual Net Income:
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2,351.00
Lease Expires: 2039
Lease Option:
NNN:
 
Financing Information
Down Payment: 179,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.