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Mendocino County, CA
Once in a Blue Moon an Opportunity comes along like this one...a Local Iconic Restaurant in rare location and in a setting that's hard to find.
The restaurant opportunity sits on the Beautiful Northern California coast just a couople hours north of San Francisco, in a local Harbor Dockside, where fishing vessels and charter boats for tourists reside. There is only a limited handful of restaurants in this area and tourists frequent this location for sport fishing, party boats and whale watching tours. This is a working harbor with commercial fishing as well, so there is no shortage of fresh seafood to serve your clientle.
The current concept is Seafood and Italian with Cioppino made fresh along with some award winning recipes...among them their famous clam chowder!
The restaurant has been in business with the same family since 1947, so there is unquetionable goodwill...67 years as a family run Italian restaurant. This restaurant has served as partial location for a 3 major motion pictures and was in Bay Area Back Roads tv show 12 years in row as well.
The freestanding building in older yet cozy...as is the Harbor itself, which adds to the feel of the area as a working harbor. Dining room is casual with windows all around to capture the harbor and river views.
The Upside opportunity is to take this restaurant to the next level:
There is a great outdoor deck adjacent to the indoor dining room and right on the dock with views of the river and harbor. This could be upgraded to include outdoor heaters, Entertainment: Music on the deck, Outdoor Oyster Bar and Grill?.... a general revitalizing of the Deck area, furniture and decor could really make the area lucrative to a new owner!
Add a full liquor license, if possible. Currently a 41 Beer and Wine in Place.
Accept credit cards...huge upside as current setup is all cash only.
Expand menu to include breakfast or your menu concept. Cater to locals as well as tourists.
Currently a five day a week operation, open 8 months of the year...expand Days, Hours and Months open to maximize sales potential.
Add, Enhance or come up with a New Concept as the location and Ambience is Key component here.
Freshen up the interior bar and decor to suit your taste.
Increase marketing....Locally and regionally, Social media, Website
The Kitchen is adequate with hood system, grill, fryer, coolers and prep stations. plenty of storage as well (Hood system will need upgrade to ansul)
Rent is reasonable @ $3,600, all in for 1,300 sqf. plus deck
The seller is the landlord and is willing to work with a new owner. They want you to succeed and are open to ideas.
Financials available to a qualified buyer only. This current operation is a 5 day setup essentially for lunch and dinner. They close from Nov. through February each year...so you can go to warmer climates with long vacations after a hard season of cash flowing, so sales info. is essentially for current operation and expenses as is.....
You are buying into the Dream of Owning a Dockside Restaurant with so much Potential. Restaurant is priced based on location, recipes, FF&E and goodwill...not a sales/net multiple.
Restrooms will need to be upgraded to ADA.
Owner is willing to look at reasonable offers and may consider a partial seller note from a qualified buyer.
Reason for selling: Owners have had a long successful run and are ready to retire.
Are you an aspiring chef, restaurant manager or sommelier with good business sense?
Do you have a dream/desire of owning your own successful restaurant?
Ever wanted to live in a beautiful & quaint coastal town?
Complete turnkey operation!
BUYERS AGENT 4% Commission
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