Monterey Bay Established Restaurant/Bar

Business Overview:

Monterey Bay Established Restaurant/Bar with Long Term Below Market Lease - $3 million sales, $250,000 Profit
RRC#: 5131

Asking Price: Offered At $495000
Location: Desirable Coastal City
Annual Revenue: $3,000,000
Annual Cash Flow: $250,000
Monthly Rent: $17,000 all inclusive

Listing Description:
This is a unique opportunity to purchase a well designed restaurant bar and entertainment venue in a popular Monterey Bay city. Over $1 million was invested in this facility which includes two dining rooms, an outdoor seating area, a bar and cocktail lounge, full kitchen and prep kitchen. There are attractive hanging light fixtures, high ceilings and nicely finished floors throughout. Additionally, there is an office area, storage area and ADA restrooms. There is a long term lease with several options with below market rent which is assignable. Past sales in the past four years have been in the $3 million+ range. Sales for this 2025 are projected to be $3 million with profits to be in the $250,000 range.

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

Financial Information:
Monthly Revenue: $250,000
Monthly Cash Flow: $20,833
Annual Revenue: $3,000,000
Annual Cash Flow: $250,000
Payroll:
Monthly Revenue: $250,000
Monthly Cash Flow: $20,833

Contact the Seller:

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Property Features and Assets:

Reason for Selling:

Other Interests. Kindly ask the seller for more information.

Additional Details:

Documents:

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