Prime Waterfront Restaurant Opportunity in Morro Bay

RRC# 5181
Asking Price: $199,000
Location: San Luis Obispo County
Annual Revenue: $1,121,865.00
Annual Cash Flow: Contact for Info
Monthly Rent: $12,360 + $1,800 CAM

Listing Description:

This is a rare opportunity to bring your restaurant concept to one of California’s most iconic coastal towns. Located on the main thoroughfare in Morro Bay, this established restaurant space offers unmatched visibility and consistent foot traffic in the heart of the city's vibrant waterfront district. Whether you're looking to launch a new brand or expand an existing one, this second-generation restaurant is fully equipped and ready for a seamless transition.

Surrounded by boutique shops, local attractions, harbor tours, and scenic walking paths, the area draws a steady mix of locals, weekenders, and tourists year-round. The restaurant enjoys unobstructed views of the bay and is perfectly situated to benefit from the high volume of visitors seeking a relaxed, oceanfront dining experience. The neighborhood’s ongoing popularity with travelers, retirees, and outdoor enthusiasts makes this a uniquely dynamic and reliable market for any hospitality concept.

The current operator sublets a portion of the space to another tenant for $3,500 per month, offsetting the overall rent. Seller financing is available for qualified buyers, adding flexibility to the deal.