Price Reduction - Monterey by the Sea-4,000sf

Monterey, CA
Monterey County

474 Alvarado Street


Asking Price: Annual Revenue:
$350,000 $1,751,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Price Reduction - Monterey by the Sea-4,000sf Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,751,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: Not Disclosed
BBN Listing #: 143711533
Broker Reference #: 3864

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Business Overview:

Price Reduction - Monterey by the Sea-4,000 sq ft Prestigious Restaurant & Bar- Hard Liquor License.

RRC#: 3864
Price Reduced: Offered At $350,000
Location: 474 Alvarado St, Monterey
Annual Revenue: $1,751,000
Annual Cash Flow: Contact For Info
Monthly Rent: $12,000 Including NNN

Listing Description:
Huge Price Reduced to $350,000 from $585,000. Seller may also be willing to carry a small portion of the sale to well qualified, experienced Buyers with good credit. It is currently impossible to build a new restaurant in the city of Monterey as only existing establishments may be allowed to be purchased, without exception. Therefore, Lallapalooza Restaurant & Bar represents a solid opportunity to purchase this long established restaurant & bar located in central Monterey along with the exceptional reputation as a dining experience for the many guests these past 23 years. Signature craft cocktails and ‘Farm to Fork’, chef driven menus with dry aged beef were their signatures. 23 years ago this Main Street Bank was converted into Lallapalooza restaurant, affectionately named “Lalla” by regulars. As you enter you are greeted by the ‘tear’ shaped bar seating 14 with further high top seating for 25 with colorful modern lighting & pictures. Temperature controlled craft beer with a full glycol system from the walk-in, modern POS system, glass washer, under-counter refrigeration and glass shelves of liquor. Glancing down the large dining room there is a combination of booth & table seating with temperature-controlled glass fronted wine room and show kitchen. Completely renovated in 2020 at a cost of $450,000, the restaurant now boasts a total seating of 120 in modern, colorful and stylish comfort. The kitchen is well equipped with a wood fired large pizza oven, wood fired steak broiler, 8 burner stove, flattop, salamander and walk-in plus all refrigerated worktops. The second-floor mezzanine houses the office, with a window view overlooking the dining room, large store room, and liquor/wine lock up. The favorable low monthly rent lease term has a further 10 years remaining at $12,000 monthly including NNN. The long list of assets in place, including the ABC type 47 hard liquor license are ready for an energetic new owner to relaunch and enjoy. To receive more information and discuss this opportunity with the broker along with the broker’s connections for long term SBA loan solutions please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you 6 years of financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:
Established: 1997
Current Owner: 1997
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $146,000
Annual Revenue: $1,751,000
Cash Flow: Contact For Info
Payroll: Contact For Info

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: 4,000; Seating: 120 + Patio;

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.

Relevant Links:

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