Downtown San Luis Obispo Gorgeous Restaurant/Cafe/Deli

San Luis Obispo, CA (San Luis Obispo County)

Downtown San Luis Obispo Gorgeous Restaurant/Cafe/Deli

Asking Price:$162,000

Cash Flow:$55,993

Gross Revenue:$348,000





*not included in asking price.

Downtown San Luis Obispo Gorgeous Restaurant/Cafe/Deli

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Business Description

An established, operating, profitable, excellent location, superb condition, quality FFE, and efficient line This downtown San Luis Obispo location is on a trendy street with cafes and shopping. It offers an intimate dining room. Tables are well spaced and every area is bright with beautiful Feng Shui. Plus there's an attractive garden for outdoor cuisine. Type 41 ABC license serves beer and wine.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Owner is selling his lease, all equipment and a great location. The current tenant is in good standing with the landlord and rent is up-to-date. The space is 1,031 sq. ft with an additional 374 sq. ft. outside patio. The landlord will offer a new 3 year lease at $4,200/mth. (Incl. taxes, CAM). Current monthly operating expenses: Electric ~$500- $156/month for 3 lines, fax, wireless internet. Water and gas are included in CAM. There is inside seating for at least 32 and 24 in outside patio. It is fully equipped as a restaurant and all equipment is included in the sale. There is too much to list here but a full equipment list can be provided to a serious buyer.
Growth & Expansion:
An exciting new development has broken ground enriching the downtown core even more with mixed use residential & retail and a new hotel. This restaurant is European and fully equipped for a variety of other menu choices in prime location.
Reason for Selling:

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Antoinette Payne

Business Listed By:
Antoinette Payne

Pacific Coast Brokers, Inc

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