Restaurant in touristic beach area

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Established Restaurant with prominent location
Asking Price:
$595,000

Gross Revenue:
 Not Disclosed
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

This is a dream opportunity in one of California's most beautiful coastal communities. The restaurant has a prime location on the main street with heavy walk-through traffic. Truly full of potential. A an active owner or Chef looking to become an owner will enjoy the advantages of this location and the easy layout. The floor plan is easy to work in for both the front and back of the house. Currently open 7 days a week for lunch and dinner. The food is excellent and restaurant ratings are very high. ABC type 41 license. Long-term, below market lease adds tons of value to this opportunity. The current concept is new and growing, but this is a perfect situation for a new owner to implement their own concept and direction.
More detailed information available to qualified applicants.

About the Business

Year Established:
2017
Number of Employees:
7
Facilities:
Approximately 1100 sq/ft of kitchen and dining space, with over 400 sq/ft of space in a separate storage and prep area. Restaurant is 44 seats. Current owner invested $600,000 in improvements. All appliances in excellent condition.
Market Outlook/
Competition:
Many other restaurants are located in the surrounding area.
Growth & Expansion:
There is incredible potential for this location. The space is newly renovated and there are many opportunities for a new owner to grow and develop their own idea and vision here.
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About the Sale

Reason For Selling:
Current owner is pursuing other interests
Training/Support:
Training and support offered during the first month. Current staff is highly skilled.

Listing Info

ID:
1378739
Ad Detail Views:
243

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U.S. Census Data for Monterey County, CA
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Monterey County, CA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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