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Monterey, Monterey County, California
$4M Revenue-Iconic Waterfront Dining Destination-Legacy Lease
Asking Price
$2,395,000
Revenue
$4,000,000
Down
Call/Email
Cash Flow
$670,000
Name: Julie Nix Quevedo
Phone: Show phone number
Name
Julie Nix Quevedo
Phone
Show phone number
Description
This long-established full-service restaurant offers scale, stability, and a location advantage that cannot be replicated in today’s market. The business generates about $4.0 million in annual revenue and produces about $670,000 in adjusted cash flow, reflecting consistent and reliable operating performance.
The restaurant includes a Type 47 full liquor license, seating for 154 guests indoors plus additional patio seating, and approximately 4,000 square feet of well-designed, turn-key space. A separate bar area complements the dining room, and the fully equipped commercial kitchen is built to support high-volume service. The restaurant operates in a highly visible coastal destination that sees steady foot traffic throughout the day. An experienced staff and management team are in place to support a smooth transition.
A major competitive advantage is the lease structure. The business operates under a long-term lease secured beyond 2036, with occupancy costs well below typical market rates for comparable coastal restaurant locations.
There is also meaningful upside for a new owner. Growth opportunities include expanding private events and group dining, developing catering and strategic partnerships, enhancing bar and beverage programming, extending seasonal operating hours, and strengthening digital and social marketing efforts.
The restaurant is fully operational with established systems, a proven seafood and bar program, and a strong mix of visitor and repeat local clientele. Inventory is sold separately and is typically approximately $50,000 at cost.
This is a confidential offering. To protect the business, the name and exact location are not disclosed publicly. Qualified buyers must complete a financial profile and sign a nondisclosure agreement prior to receiving detailed information.
Serious inquiries only. Contact Carmel Business Sales to learn more and schedule a private tour.
Business Details
Reason for sale:
Owners are retiring.
Posting Information
Posting ID:
291278
Business Category:
Restaurants for Sale & Food
Business Types:
Full Service, Dine In Restaurant
Italian Restaurant
Keywords:
Monterey Bay, california, full service
Attributes:
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
$4M Revenue-Iconic Waterfront Dining Destination-Legacy Lease
Posting ID
#291278
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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