Business For Sale

Restaurant/bar & Bqt Facilities, $4.2 Million

Monterey County, CA
Monterey County

Santa Cruz County


Asking Price: Annual Revenue:
$895,000 $4,228,632

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant/bar & Bqt Facilities, $4.2 Million Broker: Steve Zimmerman

Quick Facts

Asking Price: $895,000
Annual Revenue: $4,228,632
Net Profit: Not Disclosed
Cash Flow: $342,024
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 494011533
Broker Reference #: 2935

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Business Overview:

Restaurant/bar & Bqt Facilities , $4.2 Million Sales $342,000+ Profit Sba Pre Qualified

RRC#: 2935
Asking Price: $895,000
Location: Monterey County, Monterey County, California
Yearly Revenue: $4,228,632
Yearly Cash Flow: $342,024
Monthly Rent: 27,063 all inclusive

LISTING DESCRIPTION:
Ths business had been pre-qualified for an SBA loan and with 25% down the bank will finance the remaining balance. A long established restaurant and bar with a strong reputation in the area for excellent food and service. The restaurant has an open air feeling with a comfortable dining room and separate bar lounge area., There is a well equipped kitchen, prep kitchen, wine room, liquor storeroom, storage rooms, mangers office, chefs office, 2 ADA restrooms and employees restroom. Some of the equipment includes: several type 1 hoods with fire suppression systems, 2 double basket fryers, 4'' flat grill, 2 - 6 burner units over ovens, 6 under counter refrigerator drawers, 3 under counter refrigerator doors, 4 door under counter refrigerator + sandwich station, 4'' -in freezer, 2 full door freezer, 2 walk-in refrigerators, 2 full door freezer, 4 ice bins, 3 glass door under counter refrigerator, 2 -1 door under counter refrigerator,s POS system, 2 hand sinks, 4 convection ovens, 2 stock pot burners, 4 & 6 burner units, 2 -2 compartment sinks, ice cream machine, waffle iron, Robot Coupe, slicer, full door refrigerator, 2 flat screen TV''s plus audio system, dishwashing sink + rinse hose, 16 employee lockers, 2 bread drawer warmers, espresso machine and coffee maker, etc. NO BROKER COOP.

GENERAL INFORMATION:
Organization: Corporation | Seating: 250 approximately | Square Footage: 5,629 | Parking: Parking lot | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 7 l Lunch & Dinner | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $4,228,632 | Yearly Cash Flow: $342,024 |

LEASE INFORMATION:
Monthly Rent: 27,063 all inclusive | Lease Expiration: 12/31/2027 | Yearly Adjustment: CPI | Lease Option: Negotiable |

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Additional Details:

  • The property is owned.
  • 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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