Successful and Profitable Central Coast Seafood

Not Disclosed, CA
San Luis Obispo County

California’s Central Coast


Asking Price: Annual Revenue:
$899,000 $2,479,232

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Successful and Profitable Central Coast Seafood Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $899,000
Annual Revenue: $2,479,232
Net Profit: Not Disclosed
Cash Flow: $265,412
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1966
Employees: Not Disclosed
BBN Listing #: 356211533
Broker Reference #: 4081

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Business Overview:

Successful and Profitable Central Coast Seafood Restaurant; SBA Pre-Approved; $2.5 Million+ Revenue

RRC#: 4081
Asking Price: $899,000
Location: San Luis Obispo County
Annual Revenue: $2,479,232
Annual Cash Flow: $265,412
Monthly Rent: $7,500
Expiration: December 2032

Listing Description:
Destination waterfront restaurant for sale on California’s Central Coast. The restaurant is seafood-focused and well-established, with high reviews. It is ranked #1 of all restaurants in its area on Tripadvisor and Yelp. The restaurant has been operating since 1966, and has had two owners for the duration of its existence: the first owner, and the current owner. Both owners poured a tremendous amount of pride and effort into the business, and the result is a beautiful, highly regarded gem. With over 50 years in business, this restaurant has a very strong local following, business from out of town visitors, and a high rate of return clientele.

The menu features freshly caught, local seafood and seasonal local produce. It has an extensive wine menu, in addition to offering cocktails. The restaurant has a Type 47 full liquor license.

The restaurant has an outdoor deck area that is right on the water, and nearly all indoor seating has amazing views of the ocean. The décor is modern and well-maintained.

For a prospective owner looking to make a lifestyle change, this restaurant offers an opportunity to purchase a successful business that is turnkey and profitable in a beautiful part of California.

This restaurant has been pre-approved for an SBA business loan.

Indoor seating of 50 at full capacity, plus an additional 14 in the bar area for a total of 64 and the outdoor seating can accommodate an additional 20.

The revenue and cash flow below represent the 2019 figures. In 2020 total sales held strong at $1,581,249, despite being closed for several months due to the pandemic. In 2021 the business has rebounded 100%, and even with being closed in January, revenue through September is $1,870,437 and annualized projections will meet or exceed 2019.

The current owners have put a lot of TLC in this place and are waiting for the next owner to carry the torch. The condition of the space is like new, with three recent renovations.

General Information:
Organization: LLC
Year Established: 1966
Current Owner: 2007
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $206,602
Monthly Cash Flow: $22,117
Annual Revenue: $2,479,232
Annual Cash Flow: $265,412
Payroll: Contact for Info

Facilities:
Square Feet: 1,765
Seating: 50 Inside and 16 Outside
Parking: Street Parking and Public Lot
Days/Hours of Operation: 11:30 am – 8:30 pm Daily

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 1,765 Seating: 50 Inside and 16 Outside Parking: Street Parking and Public Lot Days/Hours of Operation: 11:30 am – 8:30 pm Daily

Reason for Selling:

Other Interests

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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