Location Location Location! On the bay.

Morro Bay, CA (San Luis Obispo County)

Location Location Location!  On the bay.
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Asking Price: $495,000

Cash Flow: $280,000

Gross Revenue: $1,323,930

EBITDA: $223,020

FF&E: $105,000

Inventory: $24,000

Rent: $3,764.20 per Month

Established: 2010

Location Location Location! On the bay.

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Business Description

Popular Waterfront Bistro

Known to locals as a friendly local spot, this bistro offers great food and an amazing location giving you an opportunity to make it a dream of your own. This casual indoor and outdoor bistro
with current solid profitability has great growth potential. Dependable and experienced staff provide confidence in continued steady operations.

Detailed Information

Location:
Morro Bay, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,250
Lease Expiration:
8/1/2023
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Many updates to the kitchen equipment, refrigeration, flooring, furnishings inside and out. Transferable and renewable lease with 3 years remaining.
Competition:
Being in a prime location with waterfront tables and great views from every table, there are few competing restaurants with these particular advantages. The market has been accelerating for several years with the popularity of this location becoming stronger year after year.
Growth & Expansion:
You can make growth and expansion a passion by being in control. Offering take out and delivery will enhance this business. Create your own special dinner events with local and regional celebrity chefs, winemakers and more. Participate in local events with outside service of food, beer & wine. Food truck service is great low cost growth expansion capability. Expand into another area of the building to have a front street and waterfront presence. Use our current email list and technology systems to improve marketing and communications.
Support & Training:
Owner offers up to 30 days of support at a negotiable hourly rate. We want you to make this a great success. Complete new top-end cloud system POS included.
Reason for Selling:
Retiring
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Business Listed By:
Denise Robson

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Ad#:1708979

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