Very Profitable Restaurant Monterey Bay Area Real Estate Available

Monterey County, CA

Very Profitable Restaurant Monterey Bay Area Real Estate Available
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Asking Price: Get Financing: $1,250,000

Cash Flow: $479,570

Gross Revenue: $3,586,056

EBITDA: $409,570

FF&E: N/A

Inventory: $90,000*

Established: N/A

*not included in asking price.

Very Profitable Restaurant Monterey Bay Area Real Estate Available

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Business Description

PRICE JUST REDUCED TO $1.25M PLUS INVENTORY

SBA LOVES THIS BUSINESS! PR-QUALIFIED WITH 3 LENDERS.

Monterey Bay Vicinity.
5% DOWN IS POSSIBLE

SBA PRE-APPROVED. EXCELLENT REAL ESTATE ON VERY HIGH TRAFFIC COUNT STREET ALSO AVAILABLE. CAP RATE OF 5.75% POSSIBLE IF REAL ESTATE IS INCLUDED.

Description: This restaurant is really a gem! Extremely well establish, beloved, and profitable full serve restaurant with full bar and liquor license available in the Monterey Bay area. Closing in on $5 million in gross revenues for 2017 clearly shows the drawing power of the current owner's commitment to fine dining and quality, as well as to customer-driven high-end service. Business is not tourist-dependent, and locals keep the restaurant full year-round. They have no slow season. Brisk and profitable to-go business generates excellent income as well. Prime location on busy area road. Revenues for 2016 & 2017 show growth over last year and the past three years, which have been highly profitable already. Looking for a new owner to continue this tradition of excellence. Or perhaps a new or slightly different concept? Priced as asset sale. Stock purchase possible as well.
Real estate may also be available for qualified buyer.

This listing is highly confidential. Contact broker for NDA and profile. Proof of funds available to make a purchase at this level also required.

Asking Price: $1,250,000 + inventory (Est. at $90K at cost) As an asset sale
EBITDA: $409,570 for largely absentee owner estimated depending on any new hires
SDE: $479,570 for full time working owner-chef
SBA: Pre-qualified. 5% down possible
Sales: $3,586,056 for 2016 (FY runs to 9/31/17)
Cap Rate of 5.75% possible if Real Estate is Included.
Real Estate: $2M

EMAIL OR CALL BROKER FOR NDA . HIGHLY CONFIDENTIAL.
Rex Walters, CBB, PhD
Certified Business Broker
Coast Business Brokerage
BRE# 01841628
CA Assoc. of Business Brokers Certified Business Broker
(831)239-2080 voice
scbusinessbroker@gmail.com

Detailed Information

Inventory:
Not included in asking price
Employees:
30 FT; 50 PT
Financing:
SBA Pre-qualified
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(from currently available funds)
 
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Rex Walters

Business Listed By:
Rex Walters

Coast Business Brokerage

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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 California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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