Historic Coastal Monterey Cafe w/ Beer & Wine

Monterey, CA (Monterey County)

Historic Coastal Monterey Cafe w/ Beer & Wine
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Asking Price: $199,000

Cash Flow: $62,615

Gross Revenue: $438,015

EBITDA: N/A

FF&E: $50,000

Inventory: $1,500

Rent: $5,629 /Month

Established: 1998

Historic Coastal Monterey Cafe w/ Beer & Wine

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Business Description

Highly desirable location with Live Music, Beer & Wine, Heavy Foot Traffic, Well Established Goodwill! An incredible opportunity to purchase a business with over 20 years of developed goodwill (10 w/ current owner). Customers enjoy 2 spacious dining areas, outdoor seating, and a live music stage. Location also includes a large prep kitchen and office space. Current concept includes a wide selection of coffee drinks, small plated desserts and sandwiches. Absentee Seller states that business has strong foundation and an Owner Operator can streamline operations to greatly increase profitability. For additional information, contact Listing Agent Mark Flores at (760) 809-1540.

Detailed Information

Location:
Monterey, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,073
Lease Expiration:
4/1/2021
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 2,073 square feet with a Total Rent of $5,629. Lease ends 04/2021. Seller is not active in the business with 1 FT employee and 7 PT employees. Hours of operation are 7 AM to 7 PM, Mon-Fri. $1,500 in Inventory and $50,000 in FF&E included in Asking Price.
Reason for Selling:
Downsizing
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(from currently available funds)
 
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Mark Flores

Business Listed By:
Mark Flores

First Choice Business Brokers San Diego

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Sponsoring Broker:
First Choice Business Brokers San Diego

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