Historic Coastal Monterey Cafe w/ Beer & Wine

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Asking Price:
$199,000

Gross Revenue:
$438,015
Cash Flow:
$62,615
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,500
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Highly desirable location with Live Music, Beer & Wine, Heavy Foot Traffic, Well Established Goodwill! An incredible opportunity to purchase a business with over 20 years of developed goodwill (10 w/ current owner). Customers enjoy 2 spacious dining areas, outdoor seating, and a live music stage. Location also includes a large prep kitchen and office space. Current concept includes a wide selection of coffee drinks, small plated desserts and sandwiches. Absentee Seller states that business has strong foundation and an Owner Operator can streamline operations to greatly increase profitability. For additional information, contact Listing Agent Mark Flores at (760) 809-1540.

About the Business

Location:
Monterey, California
Year Established:
1998
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
2,073
Rent:
$5,629.00 Per Month
Lease Expiration:
4/1/2021
Facilities:
This is a leased location of 2,073 square feet with a Total Rent of $5,629. Lease ends 04/2021. Seller is not active in the business with 1 FT employee and 7 PT employees. Hours of operation are 7 AM to 7 PM, Mon-Fri. $1,500 in Inventory and $50,000 in FF&E included in Asking Price.
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About the Sale

Reason For Selling:
Downsizing

Listing Info

ID:
1657764
Ad Detail Views:
194

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Business Listed by

First Choice Business Brokers San Diego

First Choice Business Brokers San Diego
License# 01525675

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