Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$749,000	Inventory	$10,000**
Gross Income	$1,400,000	Real Estate
Cash Flow	$275,000	Year Established	1995
FF&E	N/A	Employees	30

* included in the asking price

** not included in the asking price

Famous beachfront restaurant

2 separate "Turn Key" restaurants for sale in the beautiful beach town of Cayucos located in San Luis Obispo county. Schooners Wharf is the flagship restaurant in Cayucos, located just paces from the sand and the famous Cayucos pier. Schooner's (called by locals) is by far the #1 grossing sales business in town. It is a 2 story restaurant with 2 patios, 2 dining area and a full bar. From the upstairs patio & bar the views of Estero Bay and Morro Bay are endless. Locals and tourist dine daily to watch the surfers, whales, and the gorgeous nightly sunsets. Schooner's menu specializes in Seafood, Steak and cocktails. The theme of the restaurtant & property is commonly referred to as "Pirates of the Carribean" with a beach twist. Numberous hand carved pirate statues accent the interior decorations & the garden courtyard. Schooners has a seating capacity of 100. The 2nd floor bar has a draft beer system to serve up to 16 different brews and has a type 47 Alcohol license. The bar at Schooners wins local awards year after year for being one of the "best bars" in the county. Annual gross sales average $1.3 million. The 2nd restaurant for sale is Cafe Della Via just 2 doors down from Schooner's Wharf. Cafe Della Via is a romantic, small Italian themed restaurant with 12 tables, a full kitchen and copper wine bar. Decorations provide a outdoor courtyard motif. A local artist painted a sky mural on the ceiling and the interior wall resemble 2 separate outside walls, giving the feeling you are eating in a small courtyard in Italy. The menu is built around a southern Italian dishes with many different seafood & traditional creations. Seating capacity is 60. Cafe Della Via has a beer & wine license and monthly rent is $3800 that includes all utilities. Annual gross sales average $275,000 (only being open 5 nights a week, with no day time hours). Asking $75,000.

Facilities: Full Kitchen with grill, 10 burner oven, 2 fryers, hood system, dishwasher, prep area, 2 storage rooms, 2 walk- in refrigerators, a walk-in freezer, full bar with 16 beer draft system, 2 patios, private office, 2 dining rooms, handicap restrooms, large garden courtyard with seating and beach access.

Competition: Schooner's Wharf is the leader in the restaurant business in Cayucos. With the highest amount of gross sales. Prime location, it is the only beach front bar/restaurant in the area. Locals and tourist come in year after year for their favorite dishes and drinks.

Growth/Expansion: Landlord wants to increase beachfront dining area with a enclosed dining room on the 2nd story just off the main patio. Permitting will take 2-3 years before construction will start. Expansion will not interrupt business.

Support/Training: We will provide up to 30 days of training to new buyer with helpful advice of over 10 years of experience of living in Cayucos.

Reason Selling: Expanding other restaurant concept we own