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Carmel-by-the-Sea, Monterey County, California
Beautifully Remodeled Restaurant in Carmel-Turnkey Opportunity
Asking Price
$229,000
Revenue
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Down
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Cash Flow
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Description
The current owners have invested approximately $250,000 in recent renovations, improvements, furniture, fixtures, and equipment. The restaurant features a beautifully designed interior, a spacious commercial kitchen, and an inviting outdoor patio.
With approximately 5,173 square feet of interior space and seating for 120 guests, this restaurant is an excellent opportunity for an experienced operator or restaurant group looking to establish or expand their presence on the Monterey Peninsula.
The commercial kitchen features a newly installed grease trap, extensive cooking equipment, and FF&E in like-new condition. The generous kitchen space also provides excellent potential for catering, private events, and additional food service operations.
This is an asset sale, allowing a new owner to introduce their own restaurant concept while taking advantage of the substantial existing improvements without the time and expense of building out a restaurant from scratch.
Opportunity Highlights
• Approximately 5,173 square feet of interior space, plus outdoor patio.
• Seating for approximately 120 guests, including 100 indoor and 20 outdoor seats.
• Approximately $250,000 invested in renovations, improvements, and FF&E.
• Beautifully remodeled interior with equipment in like-new condition.
• Large commercial kitchen with newly installed grease trap.
• ABC Type 41 beer and wine license included in the sale.
• Established shopping center location with ample parking and strong foot traffic.
• Approximately four years remaining on the lease, plus a five-year renewal option.
• Gross monthly rent of approximately $11,500.
• Excellent potential for catering, private events, and additional revenue streams.
Growth Opportunities
The restaurant's spacious layout, commercial kitchen, and existing infrastructure provide flexibility for a variety of dining concepts.
An experienced operator could capitalize on the generous seating capacity, outdoor patio, and established shopping center location to develop a successful restaurant concept.
The large commercial kitchen also offers opportunities to expand into catering, private dining, and special events, creating additional revenue streams beyond traditional restaurant service. Lease and Sale Information.
Item Details
Asking Price $229,000 + inventory
Inventory Approximately $10,000 at cost
Sale Type Asset sale
Interior Size Approximately 5,173 sq. ft.
Seating Capacity Approximately 120
Monthly Rent Approximately $11,500 gross
Lease Term 4 years remaining + 5-year option
ABC License Type 41, included in asking price
FF&E Included, subject to agreed exclusions
Confidentiality Notice
This is a confidential offering. The business name, exact location, and additional information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement (NDA).
Please do not approach the owners, employees, or landlord directly. All inquiries and showings must be coordinated through the listing broker.
Contact us today for additional information and to schedule a confidential showing.
Posting Information
Posting ID:
1129001
Business Category:
Restaurants & Food
Business Types:
Mexican Restaurant
Attributes:
Broker Cooperation
License (Liquor, etc.)
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Beautifully Remodeled Restaurant in Carmel-Turnkey Opportunity
Posting ID
#1129001
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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