Fabulous Oceanfront Restaurant - 1.8M Annual Sales - 140K Profit - Seller Financing
Rrc# 1349
Offered At: 299,000
Location: Monterey Bay, California
Revenue: 148,639 / Month
Cash Flow: 11,693 / Month
Listing Description:
This Profitable Restaurant Is Situated In A Very Unique Location Offering Outstanding Views, Stunning Interior, Banquet Facilities, Catering, Full Bar And Lounge With Live Entertainment And Patio Dining. The Current Owner Is Absentee With Managers And Chefs In Place. This Is An Ideal Turn Key Opportunity For Either A Hands On Owner Chef Or A Partnership Or A Corporate Restaurant Chain Seeking A Spectacular High Profile Restaurant. The Restaurant’s Assets Features An Immense Equipment List. In The Kitchen Is A 9’ Type 1 Hood, 6- Burner Range With Oven, 3’ Gas Salamander, 3’ Griddle, 3’ Broiler, Double Fryer, Wells Warming Unit, Steam Table, Microwave, Rice Cooker, Walk-In Freezer And Cooler, Ice Machine, 1-Door Reach-In, 2-Door Reach-In, 1-Door Beverage Merchandiser, 1-Door Salad Prep., 2-Door Salad Prep., 3-Door Salad Prep.,4-Drawer Base Fridge, Pastry Mixer, 24-Tray Proofer And Digital Scale. The Are Also Stainless Work Tables, 8’ Butcher Block Table, Hand Sinks, Prep Sink And Two Stainless Counter Sink Units As Well As Wire Rack Shelving And Roller Carts. The Dining And Bar Areas Feature 6’ And 8’ Built In Coolers, Glass Chiller Unit,wine Cooler, Triple Tub Bar Sink, 3’ Sink, 5’ Sink And Hand Sink. The Patron Areas Have Two 32” And Three 42” Plasma Screen Tv’s, Security System With Monitors And 15 Cameras. There Is A Pos System With 6 Touch Screens And 8 Printers. Distinctive Bar And Patio Furnishings And Decor, Exquisite Views And Setting Make This A True World Class Operation. The Seller Requires A Cash Payment Of 200K And Will Carry Back The Balance Of The Selling Price For Up To Five Years For A Qualified Buyer.
General Information:
Organization: Corporation
Seating: 200 Inside, 25 Outside
Square Foot/Size: 7,000 Inside + Outdoor Patio
Parking: Street, Parking Lot
License(S) Required: Business, Type 47 Abc (Hard Liquor)
Days Open/Hours: Mon-Sun 11a-10p
Lease Rent: 18,107 All Inclusive
Lease Expiration: April 30, 2015
Yearly Adjustment: Cpi, 3% Min.
Lease Option: 5 Years
Security Deposit: 14,000.
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