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Listed by:

Restaurant Realty Company

Broker license number: 01310250

Paradise Beach Grille Bar Capitola Real Estate Included For Sale

Santa Cruz, California - North, US
Asking Price:
$3,995,000 (USD)
Sales Revenue:
$3,300,000 (USD)
Cash Flow:
Available on request

Paradise Beach Grille/Bar, Capitola -Ocean Views; $3.3 Million Sales; Real Estate Included

RRC#: 3720
Price Reduced: Offered At $3,995,000
Location: 215 Esplanade, Capitola

Listing Description:
This is a unique opportunity to purchase a waterfront restaurant and bar with outdoor seating plus the real estate located at 215 Esplanade, Capitola. Past years sales have averaged between $3.3 Million to $3.6 Million. Restaurant sales are 65% of total sales and alcohol sales are 35% of total sales. The property alone was appraised at $4,350,000 over 2 1/2 years ago and the value of the property has most likely increased substantially since then. The restaurant has a couple dining areas with a combination of tables and chairs and banquette seating, a separate bar area with bar stools and cocktail tables, an alcove adjacent to the bar with 6 additional bar stools with a fireplace plus an outdoor seating area with heaters and torches which overlooks the water. The floors are a combination of stone and wood and the ocean is visible from the bar and patio and there are unique windows which open to the ocean. Some of the equipment includes as follows: 14′ type 1 hood with fire suppression system, 6 burners over oven, 3′ salamander, 3′ char grill, 4′ flat grill + 2 double basket fryers over 6 under counter refrigerator drawers, 4 -2 door under counter refrigerators (3 with cold tops), 3 compartment steam table, panini press, 3 walk-in refrigerators, 4 hand sinks, counter model mixer, slicer, 2 full door freezer, 1 & 2 compartment soup warmers, ice machine, 3 busser stations, POS system, 1 group espresso machine, coffee maker, coffee grinder, 2 compartment sink, full door freezer, employee lockers, 2 ice bins, 12 taps, 2 – 3 glass door under counter refrigerators and 1 door under counter refrigerator, etc. There are several storage areas including liquor storage, wine storage and general food and supplies storage. There are two offices, an employee changing area and break room, an employee bathroom and 2 ADA restrooms. The current owners have operated this business for 22 years and new operators with a new menu and concept could increase the sales of this business significantly.

General Information:
Organization: LLC
Established: Contact For Info
Current Owner: 1998
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $275,000
Annual Revenue: $3,300,000
Cash Flow: Contact For Info
Payroll: Contact For Info

Property Information

Real Estate:

Real Property Included

Premises Details:

Parking: Street + parking lot nearby

Size in square feet:
4400 including outdoor seating areas

Business Operation

Reasons for selling:

Other Interests

Trading hours:

7 / Lunch & Dinner Daily

Contact Information

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