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$495,000
Est. payment /mo
827 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-39231
HOA Y/N No
Lot Size 827 Sqft
Property Description
Highly profitable, turn-key frozen yogurt restaurant. Phenomenal numbers: ~29% cap rate if owner-absent, up to ~42% cap rate if owner provides labor. Located in a destination resort town on the coast in Santa Barbara County, known for its culture, food, and idyllic setting. Easy to learn the entire business in only a few hours, but seller will provide up to two weeks of training and assistance during transfer. The store takes only a single person present to run it, requiring about 70 to 80 hours of labor per week. Great location in a high-volume shopping center, only about 8 blocks to the beach. Established and well-known in the community, this store has been open for 18 years, with 7 years under current owner. Business for sale only, no real estate, but business includes ~$100,000 in specialized equipment, and would likely cost more than twice that to replace. Priced to sell as a high-value, high-return small business investment that will immediately perform. Owner strongly prefers all-cash offers. Location and business records to be withheld until signing of a non-disclosure agreement.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Interior
Fireplace No
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Christopher Page Santa Barbara Estates #01471025
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