Rare opportunity to acquire a landmark, high-revenue restaurant in a premier Monterey-area waterfront destination. This is an irreplaceable setting that benefits from constant tourist activity and strong local loyalty throughout the year.

The business generates approximately $3.8M in annual revenue with adjusted owner cash flow near $600K, reflecting consistent, reliable operating performance across multiple years. Pricing reflects both the earnings and the irreplaceable long-term lease asset. The listing is SBA pre-qualified, and we can make lender introductions for qualified buyers.

A major competitive advantage is the lease structure. The restaurant operates under a long-term legacy lease with roughly 15 years remaining, at occupancy costs of about three percent of revenue — well below typical market rates for comparable coastal restaurant locations. Terms like these are no longer offered and cannot be replicated. The savings versus market rent compound over the life of the lease, representing significant value beyond the operating cash flow alone.

This long-established full-service restaurant includes a Type 47 full liquor license, seating for 150+ guests indoors plus additional patio seating, and approximately 4,000 square feet of well-designed, turn-key space. A separate bar area complements the dining room, and the fully equipped commercial kitchen is built to support high-volume service. An experienced staff and management team are in place to support a smooth transition.

The owner is retiring after four decades of successful operation and is committed to providing training and support through the transition.

There is also meaningful upside for a new owner. Growth opportunities include expanding private events and group dining, developing catering and strategic partnerships, enhancing bar and beverage programming, extending seasonal operating hours, and strengthening digital and social marketing efforts.

The restaurant is fully operational with established systems, a proven seafood and bar program, and a strong mix of visitor and repeat local clientele. Inventory is sold separately at cost.

Shown confidentially to qualified buyers. NDA and proof of funds required.

Contact Carmel Business Sales today for more information.