Busy Restaurant and Bar in Perfect Downtown Coastal City Location

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Busy Bar With Multi-Million Dollar Sales
Asking Price:
$989,000

Gross Revenue:
$2,200,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

A unique and exceptional opportunity to purchase an extremely popular bar and restaurant. This consistent money-maker is located in a busy and lively downtown area on a street where there is high foot traffic. There is a great lease with below market rent and 2 options to renew. There is a 3 bedroom apartment in the building for use by the owner and/or staff

Sales have been explosive for this business!! 2015 - $1.8 million, 2016 - $2.0 million, 2017 - $2.2 million.

This restaurant/bar is open 7 days a week and currently serves lunch and dinner in the 3,000 sf venue. There is seating for approximately 100 inside and approximately 125 in a charming, outdoor patio. On several nights a week, the outdoor patio features live music and patrons literally line up at the door to pay a cover charge to gain admission.

The best part is that there is a steady flow of customers from multiple sources, including local residents, several local colleges, and several military facilities. However, during numerous tourist events in the area (car shows, golf tournaments, conventions, etc.) this venue really packs them in!

Offered at only $989,000 including a full type 47 liquor license and all existing furniture, fixtures and equipment.

This won't last long, contact us today!

For more information email us at info@carmelbizsales.com or call us at (831) 625-5581.

About the Business

Location:
Monterey, California
Market Outlook/
Competition:
This consistent money-maker is located in a busy and lively downtown area on a street with high foot traffic.
Growth & Expansion:
The best part is that there is a steady flow of customers from multiple sources including local residents, several local colleges and several military facilities. However, during numerous tourist events in the area (car shows, golf tournaments, conventions, etc.) this venue really packs them in!
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About the Sale

Training/Support:
Available

Listing Info

ID:
1523575
Ad Detail Views:
638

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Business Listed by

Carmel Business Sales

Carmel Business Sales
License# 01970708

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