Historic Coastal Monterey Cafe w/ Beer & Wine

Monterey, CA
Monterey County


Asking Price: Annual Revenue:
$199,000 $438,015

Food & Beverage: Coffee, Cafe, Dessert


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RE: Historic Coastal Monterey Cafe w/ Beer & Wine Broker: Mark Flores
License #: 01980017

Quick Facts

Asking Price: $199,000
Annual Revenue: $438,015
Net Profit: Not Disclosed
Cash Flow: $62,615
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 8
BBN Listing #: 833923364
Broker Reference #: 106-15413

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Business Overview:

Highly desirable location with Live Music, Beer & Wine, Heavy Foot Traffic, Well Established Goodwill! An incredible opportunity to purchase a business with over 20 years of developed goodwill (10 years with current owner). Customers enjoy 2 spacious dining areas, outdoor seating, and a live music stage. Location also includes a large prep kitchen and office space. Current concept includes a wide selection of coffee drinks, small plated desserts and sandwiches. Absentee Seller states that business has strong foundation and an Owner Operator can streamline operations to greatly increase profitability.For additional information, contact Listing Agent Mark Flores or email us.

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Property Features and Assets:

This is a leased location of 2,073 square feet with a Total Rent of $5,629. Lease ends 04/2021. Seller is not active in the business with 1 Full Time employee and 7 Part Time employees. Hours of operation are 7 AM to 7 PM, Monday - Friday. $1,500 in Inventory and $50,000 in FF&E included in Asking Price.

Reason for Selling:

Downsizing

Additional Details:

  • The property is leased.
  • The owner is not 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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