Restaurant in prime Monterey Bay for Sale $425,000.00 plus inventory!

Monterey County, CA

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Asking Price: $425,000

Cash Flow: $257,420

Gross Revenue: $1,219,279

EBITDA: N/A

FF&E: $0

Inventory: $50,000*

Established: 2007

*not included in asking price.

Restaurant in prime Monterey Bay for Sale $425,000.00 plus inventory!

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Business Description

PRICE REDUCED TO $425,000.

For sale, established, highly-rated restaurant in prime Monterey Bay location.
This rare opportunity comes with a loyal customer base, excellent reviews and sits adjacent to Monterey’s #1 tourist attraction! You can’t go wrong with this one! Priced to sell!

Really a to die for location in the Monterey area. Excellent reviews and loyal customer base. Google reviews = 4.7. Yelp reviews = 4.5 from hundreds of customers. Business has developed a solid take out base as well as limited dine in during Covid. Price is plus inventory estimated at $50,000.

ABC beer and wine
Highly trafficked
Tourist attraction
Training period
Solid staff in place including a sous chef
Small parking lot available with free guest parking plus metered street parking all around
Seating 45-48
1600 sq. ft. plus an additional 400 sq. ft, office space
Some seller financing available for qualified buyer!

All financial numbers are pre-covid 19.

HIGHLY CONFIDENTIAL. CONTACT BROKER FOR NDA. PROOF OF FUNDS AND FINANCIAL STATEMENT REQUIRED.

Rex Walters, CBB, Ph.D.
Certified Business Broker
Coast Business Brokerage
Licensed Business Broker
BRE# 01841628
California Assoc. of Business Brokers Certified Business Broker
(831)239-2080 voice
(831)685-1918 fax
Helping Business Buyers and Sellers Around the Monterey and San Francisco Bay Areas
rexwalters@comcast.net
www.coastbusinessbrokerage.com

Detailed Information

Location:
Monterey County, CA
Inventory:
Not included in asking price
Employees:
12
Facilities:
Prime, Prime location! Most desirable area in Monterey Bay Area.
Competition:
Top reviews!
Growth & Expansion:
Currently only open dinner hours 5-9 p.m. Potential for growth extending hours brunch, lunch and dinner.
Financing:
Possible for well qualified buyer
Support & Training:
Seller to train 2 weeks for 25 hours per week
Reason for Selling:
Retirement
Business Website:
http://www.coastbusinessbrokerage.com
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Contact the Seller

(from currently available funds)
 
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Rex Walters

Business Listed By:
Rex Walters

Coast Business Brokerage

Memberships & Certifications:
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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