Prime Waterfront Restaurant Opportunity
Morro Bay, CA San Luis Obispo County
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- RE: Prime Waterfront Restaurant Opportunity
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $1,121,865 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 984424 | |
| Broker Reference #: | 5068 |
Business Overview:
Prime Waterfront Restaurant Opportunity in Morro Bay
RRC# 5068
Location: Morro Bay
Description:
This is a rare opportunity to bring your restaurant concept to one of California’s most iconic coastal towns. Located on the main thoroughfare in Morro Bay, this established restaurant space offers unmatched visibility and consistent foot traffic in the heart of the city's vibrant waterfront district. Whether you're looking to launch a new brand or expand an existing one, this second-generation restaurant is fully equipped and ready for a seamless transition.
Surrounded by boutique shops, local attractions, harbor tours, and scenic walking paths, the area draws a steady mix of locals, weekenders, and tourists year-round. The restaurant enjoys unobstructed views of the bay and is perfectly situated to benefit from the high volume of visitors seeking a relaxed, oceanfront dining experience. The neighborhood’s ongoing popularity with travelers, retirees, and outdoor enthusiasts makes this a uniquely dynamic and reliable market for any hospitality concept.
The current operator sublets a portion of the space to another tenant for $3,500 per month, offsetting the overall rent. Seller financing is available for qualified buyers, adding flexibility to the deal.
Financial Information:
Monthly Revenue: $93,488
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,121,865
Annual Cash Flow: Contact For Info
General Info:
Ownership: Corporation
Established: 2022
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660
Expiration: July 2027
Facilities:
Square Feet: 4,000 (-500 Square Feet Sublet)
Seating: Inside Seating 85
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 9pm Thursday - Monday
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Facilities:
Square Feet: 4,000 (-500 Square Feet Sublet)
Seating: Inside Seating 85
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 9pm Thursday - Monday
Market Competition and Expansion:
General Info:
Ownership: Corporation
Established: 2022
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660
Expiration: July 2027
Reason for Selling:
Other Interests. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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