$300k + Profit Iconic Bar Downtown Of Historic Coastal City Long Lease

Monterey, CA (Monterey County)

$300k + Profit Iconic Bar Downtown Of Historic Coastal City Long Lease

Asking Price:$825,000

Cash Flow:$300,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

$300k + Profit Iconic Bar Downtown Of Historic Coastal City Long Lease

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Business Description

$300k + Profit Iconic Bar Downtown Of Historic Coastal City Long Lease, +3 Bed Apartment!!!!

RRC#: 2364
Asking Price: $825,000
Location: Monterey County, Monterey County, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $9,500

LISTING DESCRIPTION:
Great opportunity to purchase one of the most popular and iconic bars on the mid-south coast. Located on a busy street in the downtown of an Historic coastal city. Great lease with below market rent, plus two (5) year options. Three bedroom apartment upstairs included in the building. Also includes a 1952 Chevy Truck. Sales of approximately 1.6 million in 2014 $1.5 mill in 2013 and $1.3 million through nine months of 2015 !!!!!! Projected to do more in sales this year than 2014. Excellent profit. $300K plus. This very busy bar makes MONEY !!!! Open seven days. Full kitchen with fire-suppression type hood including all equipment and appliances, etc. More detailed list of equipment available. Serves lunch and dinner. Food sales accounting for approximately 30% of sales and could be increased substantially by new operator. Seating for 100 inside and approximately 125 in charming, outdoor patio. Stage with live music several nights a week. Awesome business that makes money NOW with potential to increase sales by experienced club or bar operator with food background. Steady, loyal patrons from nearby Universities and Colleges tourist visiting year round, and Military base located within the county. This is an awesome chance to purchase a thriving bar that has a great lease, below market rent, 3 bedroom apartment, and located in a fabulous, nationally and internationally known area. Call today for more info and showing.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 125 in / 125 patio | Square Footage: 3,000 | Parking: street and public garages | Licenses Required: Health Business Liquor License # 47 | Days Open/Hours: open 7 days | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:

LEASE INFORMATION:
Monthly Rent: $9,500 | Yearly Adjustment: fixed increase | Lease Option: two 5 year options |

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Steven D . Zimmerman CBI, CBB

Business Listed By:
Steven D . Zimmerman CBI, CBB

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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