Pacific Coast Highway 1 & Ocean Views

Located along the Santa Cruz and the Monterey Bay area of California. 2022 revenues are tracking toward $2M. 2021 Revenues during COVID for just 9 months were approx. $1.5M total sales. food, beverage and gift shop sales approximately $1M, and $400K-$500K in hotel room sales. Under normal conditions attaining $2M and more with a good plan and team is easily achievable. There are two excellent outdoor venues for weddings and banquets. There is an additional vacant and valuable half acre lot Zoned C-1 included that could be used for? Be creative. Location: Santa Cruz County, California Year Established: 1977 Real Estate: Owned Building Sq. Ft.: 32,511 Facilities: Restaurant and bar have indoor seating of approx. 110 guests & outdoor seating 100+ guests (buyer to verify). Hotel/Inn offers 10-12 guest rooms. All FF&E, food, beverage and gift shop inventory is owned, dishwasher is on lease. Highly desirable location with very high weekly, monthly and annual traffic count. The vacant lot included in the price is very valuable and waiting for a great business or addition to current business (county building, planning and zoning to be consulted). If you like the hospitality business this is an owner operator dream. Market Outlook/ Competition: As we recover from COVID so is this thriving hospitality business, 2020 & 2021 the business fought hard and survived and revenues are increasing monthly. 2022 Summer Tourism is expected to burst at the seams and travel along Highway 1 is expected to be heavy. With food, beverage, rooms and gifts and the glorious curb appeal, visitors will be plentiful. Growth & Expansion: The included contiguous vacant half acre lot has opportunities: Short term revenue It could generate income from: parking fees during summer, busy weekends, special events, art fairs, flea market and could be significant. Future & possible developing the lot in to a hotel, inn, condos, mixed use make the zone C-1 lot valuable as a stand alone opportunity. Buyer to investigate those possibilities. The business and its unique location and space as a wedding venue is significant.