Two High Volume Restaurants with Real Estate

Contact Seller
Multiple locations. Real estate avail for one location, other spot is on Lease.

Business Description

Established 1998 with the same owner , this restaurant is operating, profitable, excellent location, great condition, extensive FFE. The opportunity includes a long term favorable lease rate, or property purchase. The dynamic restaurant operation in conjunction with the real estate is offered at $1.6M. The real estate is 1/2 acre of coastal commercial land. Seller's architect has indicated that future development to five ocean view condos in addition to the existing restaurant operation is feasible. The restaurant operation with a long term lease in stead of land purchase is offered at $600K.

About the Business

Year Established:
1998
Number of Employees:
15
Real Estate:
Owned
Building Sq. Ft.:
4,000
Facilities:
A uniquely designed restaurant of approximately 4000 usable space located on 1/2 acre land with future land development potential to five residential ocean view condos in addition to the existing restaurant improvements and operation offers an opportunity to invest and realize immediate income return.
Total Seating capacity is 60 + 36 Patio. Distinctive leasehold improvements include the restaurant space as well as the covered patio area, out side Santa Maria Type BBQ, 2 ADA bathrooms , 3 storage sheds. Fully equipped and efficient kitchen with Type 1 hood ,and Type 41 transferable Beer and Wine license. An eclectic, fun space which keeps people coming back for good food, fair prices and great ambiance in this coastal well known iconic restaurant. The modestly priced yet extensive menu brings in annual customers both locally and those on vacations to the central coast.Call for information on each location.
Contact the Seller

About the Sale

Reason For Selling:
Relocating

Listing Info

ID:
1521574
Ad Detail Views:
535
Asking Price:
$1,600,000

Gross Revenue:
$1,007,000
Cash Flow:
$209,433
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

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

Real Estate:
 Not Disclosed
included in asking price

Share this business:

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Antoinette Payne

Pacific Coast Brokers,Inc.
License# BRE 01047029

 Show Phone Number

View My 10 Active Listings
U.S. Census Data for San Luis Obispo County, CA
Age

Gender

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 San Luis Obispo County, CA
Income

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.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;