Landmark Downtown Monterey Coffeehouse For Sale

Monterey, CA (Monterey County)

Landmark Downtown Monterey Coffeehouse For Sale
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Asking Price: $379,000

Cash Flow: N/A

Gross Revenue: $450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,629 /Month

Established: 1998

Landmark Downtown Monterey Coffeehouse For Sale

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Business Description

• Includes Type 41 Beer & Wine License
• Urban Vibe Coffeehouse & Live Music Venue
• Landmark Historic Building with Built in Character and “Coolness”
• Long-Standing and Respected in the Community
• Good Landlord and Reasonable Rent
• Opportunity to Expand Musical Lineup for More Profitability
• Opportunity to Expand Beer & Wine Program
• Owner is Downsizing
• Financial Records will be provided to qualified prospective buyers

This hip coffeehouse has an urban vibe and is well known and loved by locals and visitors. It serves locally roasted coffee, espresso drinks, pastries, desserts, sandwiches and quiche along with beer and wine.

The coffeehouse is in a prime location and has great exposure and desirable foot traffic. It is located in a landmark historic building in the Old Town Monterey Business District, and was recently retrofitted by the landlord for earthquake safety. This business has been a respected coffeehouse for over 20 years (10 with the current owner) and is known as one of downtown Monterey’s prime locations for live music which brings in a wide variety of customers from near and far.

With over 2,000 square feet of space the business has a main cafe plus two other indoor seating areas, one with a stage for live music events. In addition there are two bathrooms (one has been recently updated for ADA compliance by owner), a prep kitchen, storage area, an upstairs turret, and a small office.

Owners are downsizing their business holdings and plan to continue operating their other coffeehouses under a separate business name in neighboring cities.

Detailed Information

Real Estate:
Leased
Building SF:
2,073
Lease Expiration:
N/A
Facilities:
The owners installed a classic 2-head Nuova Simonelli Italian espresso machine and a brand new cold case display. There is a Bunn shuttle brewer, dishwasher, ice machine and several refrigerators, undercounter and commercial. There is currently a 4-handle kegerator serving IPA beer, and wine is served by the glass or the bottle. A Type 41 Beer & Wine License is included in the sale. The business operates on the Square POS system and is easy to use with excellent analytics.
Growth & Expansion:
• Opportunity to Expand Musical Lineup for More Profitability • Opportunity to Expand Beer & Wine Program
Support & Training:
May be negotiated
Reason for Selling:
Owner is downsizing
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Business Listed By:
Anthony Davi

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