Renovated Family Restaurant, Monterey Peninsula M1609- FC

Monterey, CA (Monterey County)

Renovated Family Restaurant, Monterey Peninsula  M1609- FC

Asking Price:$225,000

Cash Flow:$153,000

Gross Revenue:$828,000




Rate/Sq. Ft.:$4,500.00


Renovated Family Restaurant, Monterey Peninsula M1609- FC

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Business Description

After opening in October 2014, this is already a favorite family restaurant with locals & tourists on the Monterey Peninsula. Breakfast, lunch & dinner are served. Menu ranges from all-American comfort food, seafood, to eclectic dishes. In 2014, the building was enlarged to 2,000 SF with another $150,000 complete renovation of interior - kitchen, dining room, equipment & furniture. Seating for 49. Sales were $828,000 for 2015. Projected 2016 $873K gross. The owner is absentee with a lot of other responsibilities & projects. A family member is manager. The owner is a also the landlord, and will give a new lease. Everything is new & ready for a new owner to step in and go to work.

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
FT 2 PT 16
2000 SF free standing building on the corner of a very busy 4 lane thoroughfare. Parking in shared lot and off street. Fully equipped restaurant, recently renovated. Lease $4500, incl NNN exp 12/31/16 5 yr option.
Support & Training:
: 2 Weeks, 20 Hours Per Week
Reason for Selling:
Overwhelmed with work

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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