Restaurants For Sale
Revenue £Available on request, Net Profit £Available on request, Established N/A
This is a rare opportunity to purchase a fully equipped waterfront restaurant and bar with outside deck seating located on the beach in Capitola. Margaritaville has been operating for over 30 years by the same operator who is also the landlord and the restaurant was totally rebuilt 12 years ago. 30 years ago sales were $2.2 million which is comparable to slightly over $5 million in sales today. The sales today are approximately $2 million so for the right operator and concept there is tremendous potential for a dramatic increase in sales and profits. Every seat in the dining room, bar and outdoor seating area has an unobstructed view of the ocean per the photos attached. There is comfortable dining room with an open airy feeling that seats 100+ with a combination of tables and chairs and booth seating, a comfortable bar looking directly at the ocean, an outdoor deck seating area with heating lamps that holds 165 and a full display kitchen. The main cooking line includes: 17’ type 1 hood with fire suppression system, 2 - 3 door under counter refrigerators with cold tops, 6 burners over oven, 2 cheese-melters, 3’ flat grill with 2 refrigerator drawers underneath, 2 double fryers and 3’ chargrill etc. The prep kitchen includes: 11’ type 1 hood with fire suppression system, barbeque, double fryer, stock pot burner, slicer, ice machine, 4’ and 3’ -in freezers, hand sink, utility sink and 2 compartment sink, etc. The dishwashing area includes: dishwasher, dishwashing sink +rinse hose, full door freezer and 3 compartment sink +rinse hose, etc. The back bar includes: 2 - 3’ glass door under counter refrigerators, 3 ice wells, 2 hand sinks and under counter dishwasher, etc. Some of other equipment includes as follows: POS, flat screen TV, keg refrigerator, chip warmer, service stands, DJ booth and hostess stand. There are also storage areas, 2 ADA restrooms and adjacent office area. THE BUYER/LESSEE REQUIREMENTS ARE AS FOLLOWS: 1) A MINIMUM OF 3 TO 5 YEARS OWNERSHIP OF A RESTAURANT WITH AN APPROPRIATE CONCEPT TO MAXIMIZE THIS OPORTUNITY 2) CURRENTLY OWNS AND OPERATES AT LEAST ONE RESTAURANT AND 3) HAS A NET WORTH OF AT LEAST $1.5 MILLION WITH STRONG CREDIT. ALL INTERESTED QUALIFIED PARTIES WILL BE SCREENED BY THE BROKER AFTER THEY HAVE COMPLETED AND SUBMITTED A CONFIDENTIALITY AGREEMENT PER THE INSTRUCTIONS ON THE PROFILE SHEET. QUALIFIED BUYERS SHOULD INITIALLY APPROACH THE RESTAURANT AS A CUSTOMER ONLY AND DO NOT DISCUSS THIS OPPORTUNITY WITH ANY OF THE EMPLOYEES. IF YOU HAVE FURTHER INTEREST AND WANT A TOUR OF THE BACK OF THE HOUSE PLEASE COMPLETE A CONFIDENTIALITY AGREEMENT AND UPON RECEIPT THE BROKER WILL CALL YOU TO BE PRE-SCREENED. NON-CONFORMANCE WITH THE PROPER INITIAL SCREENING PROCEDURES OUTLINED ABOVE COULD JEOPRADIZE YOUR CHANCES FOR CONSIDERATION AS A VIABLE BUYER.