Description About This Posting: Restaurant, Bar, Real Estate
Ocean Front Restaurant and Bar with Real Estate. $1.9 Million Sales. $218K Profit. SBA Loan Pre-Approved.
Asking Price: Offered At $2,895,000
Location: Monterey County
Annual Revenue: $1,912,777
Annual Cash Flow: $218,575
Monthly Rent: Contact for Info
This is a unique opportunity to purchase a remodeled oceanfront restaurant and bar plus Real Estate. This opportunity has been pre-approved by an SBA Lender for a $2,542,000 loan fully amortized over 25 years. So with $353,000 (approx 12% of the sales price) this property and business can be purchased. This building was totally remodeled in 2014 at a cost of $500,000. There is lots of upside for increased sales and profits as the restaurant is not open for lunch or brunch and because of its unique location on the beach these meal periods could be high sales volume periods. The business includes an outdoor patio with service bar, umbrellas and waterproof heaters, a separate bar area, comfortable dining room and full kitchen. You can see the ocean from most every seat in the building. Some of the equipment includes as follows: 14 type 1 hood with fire suppression system, steamer, 2 6 burner units over ovens, 2 double basket fryers, 3 char grill, 2 adjustable broilers, 2-2 full door refrigerators, full door refrigerator, 1 door under-counter refrigerator, 2 bread drawer warmers, 4 door under-counter refrigerators (1 with 2 taps & 1 with sandwich station), 3 hand sinks, 2 ice bins, juicer, slicer, POS system, ice machine, 2 full door glass refrigerator, utility sink, 1 door under-counter freezer, 2 compartment sink + rinse hose, 15 employee lockers, 2 walk-in refrigerators and walk in freezer, etc. There are also several storage areas, 2 ADA restrooms and the business is entirely ADA accessible. This is an excellent opportunity for a hands on owner operator that also wants to be their own landlord and control their destiny for the future.
Established: Contact For Info
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests
To get more information about this Restaurant, Bar, Real Estate business for sale in
Monterey County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #254921 on BizBen.com. In addition to phoning
Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this
Restaurant, Bar, Real Estate, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
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