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Listed by:

Restaurant Realty Company

Broker license number: 01310250

The Reef Restaurant And Bar In Santa Cruz For Sale

Santa Cruz, California - North, US
Asking Price:
$195,000 (USD)
Sales Revenue:
$2,092,824 (USD)
Cash Flow:
Available on request

The Reef Restaurant & Bar, 120 Union St., Santa Cruz; $2+million Sales In 2019

RRC#: 3717
Asking Price: Offered At $195,000
Location: 120 Union Street, Santa Cruz
Annual Revenue: $2,092,824
Annual Cash Flow: Contact For Info
Monthly Rent: $7,198

Listing Description:
Walking into this business from the streets of downtown Santa Cruz is a refreshing experience. As you walk in you are attracted to the high vaulted ceiling with windows all around. Very spacious main room is perfect for dining and big events. The bar is complete with 10-12 taps with 2 keg fridges and fridges for bottles and glassware. A dishwasher and ice machine are located in the bar as well. The bar-top is wood with a high gloss finish. Ceiling fans are installed above the bar area to keep fresh air flowing at all times for the patrons. There is a stage located in the back for small acoustic bands that is fully equipped with speakers, amps, soundboard, mic, etc. The kitchen is fully ready for a high volume and fast paced restaurant. It is a full kitchen with type 1 hood with fire suppression system, prep area,dish washing area,and plenty of storage. There are 2 ADA bathrooms in the back corner. There is a very large patio with mature tropical plants that have been well cared for. A beautiful covered outside bar is nestled among the greenery for private events or a second bar. A big outside patio is rare in downtown Santa Cruz so this adds to the value of the location. Lights are intricately strung overhead for an enhanced experience at night. Downtown foot traffic is all around.

Financial Information:
Monthly Revenue: $174,402
Annual Revenue: $2,092,824
Cash Flow: Contact For Info
Payroll: Contact For Info

Property Information

Real Estate:

Lease

Lease Terms:

Expiration: 12/31/2022
Option: 5 years
Adjustment: negotiable

Leasehold Rent:

$7,198 (USD) per annum

Premises Details:

Parking: street
Seating: 100 inside + 50+ on patio

Size in square feet:
2,468 + 1,600 patio

Business Operation

Reasons for selling:

Other Interests

Contact Information

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