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Gorgeous Highly Profitable Monterey Peninsula Restaurant & Bar

Monterey County, CA

Great menu!
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Asking Price: $1,275,000

Cash Flow: $400,000

Gross Revenue: $3,100,000

EBITDA: N/A

FF&E: N/A

Inventory: $25,000*

Established: 2016

*not included in asking price.

Gorgeous Highly Profitable Monterey Peninsula Restaurant & Bar

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Business Description

With Full Liquor License. High Gross - High Net!

Rare opportunity to own a well-established, high gross, high net restaurant & bar with full liquor license (ABC-Type 47) in a very desirable upscale location on the Monterey Peninsula.

Pick a night, ANY night, and you will find this 110-seat restaurant completely packed with guests. This beautiful venue features outstanding food and lots of repeat customers. Upon arrival, this establishment provides its guests with a full bar, a mouthwatering crazy-delicious menu, multiple flat screen televisions, and a totally enjoyable dining atmosphere.

This business is in an upscale shopping venue with tons of parking and is open 6 days a week. Seller maintains a highly trained, 50 person staff to pamper the guests.

Current lease is in the 4th year of an initial 5-year term with 2 additional 5-year options.

2018 gross revenue is $3.1 million with $400K net adjusted cash flow.

The owner dedicates limited time and resources to advertising and promoting this business. Most of the clientele are established repeat, referral or location driven. Therefore, additional revenues and an even higher bottom line might be realized by actively engaging in web advertising and/or social media campaigns.
A huge potential exists to offer a late-night reduced bar menu with live music (which is permitted in this location!)

The owner is retiring and is offering this business at only $1,275,000. (Inventory is in addition to the business purchase price. Typical inventory is estimated at $25,000 at cost.)

Act now! This super opportunity won’t be on the market long. Contact info@carmelbizsales.com or call 831-625-5581 today.

Detailed Information

Location:
Monterey County, CA
Inventory:
Not included in asking price
Employees:
50
Facilities:
110 seats. Located in upscale shopping venue with tons of parking. Recent top quality build-out.
Growth & Expansion:
Owner dedicates limited time and resources to advertising and promoting this business. Most of the clientele are established repeat, referral or location driven. Therefore, additional revenues and an even higher bottom line might be realized by actively engaging in web advertising and/or social media campaigns.
Support & Training:
Available.
Reason for Selling:
Owner is retiring.
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Carmel Business Sales

Business Listed By:
Carmel Business Sales

Carmel Business Sales

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