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Monterey County, California
Iconic Waterfront Dining Destination with Legacy Lease — SBA Pre-Qualified
Asking Price
$2,395,000
Revenue
$3,794,200
Down
Call/Email
Cash Flow
$590,180
Description
The business generates approximately $3.8M in annual revenue with adjusted owner cash flow near $600K, reflecting consistent, reliable operating performance across multiple years. Pricing reflects both the earnings and the irreplaceable long-term lease asset. The listing is SBA pre-qualified, and we can make lender introductions for qualified buyers.
A major competitive advantage is the lease structure. The restaurant operates under a long-term legacy lease with roughly 15 years remaining, at occupancy costs of about three percent of revenue — well below typical market rates for comparable coastal restaurant locations. Terms like these are no longer offered and cannot be replicated. The savings versus market rent compound over the life of the lease, representing significant value beyond the operating cash flow alone.
This long-established full-service restaurant includes a Type 47 full liquor license, seating for 150+ 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. An experienced staff and management team are in place to support a smooth transition.
The owner is retiring after four decades of successful operation and is committed to providing training and support through the transition.
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 at cost.
Shown confidentially to qualified buyers. NDA and proof of funds required.
Contact Carmel Business Sales today for more information.
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.)
SBA Loan Pre-Qualified
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
Iconic Waterfront Dining Destination with Legacy Lease — SBA Pre-Qualified
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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Established Turnkey Monterey Liquor & Convenience Store Near Cannery Row | Type 21 License | On-Site Parking
Call/Email
GROSS SALES AND DETAILED FINANCIALS WILL BE SHARED AFTER SIGNING THE NDA VIA BIZBEN Rare opportunity to acquire a well-established liquor and convenience store that has successfully operated for 13 years in a prime North Monterey location near Cannery Row and the Monterey Bay Aquarium. The business is positioned along the Lighthouse Avenue corridor, a highly traveled area with strong visibility, easy access, and steady traffic from local residents, neighborhood customers, and Monterey Peninsula visitors. This owner-operated, turnkey business has built a loyal customer base, strong neighborhood presence, and consistent repeat business over many years of operation. The store generates multiple revenue streams through liquor, convenience retail, California Lottery sales, and related offerings. Asking price is $750,000, plus inventory to be sold separately at cost at close of escrow. This opportunity is ideal for an owner-operator seeking an established operation or an experienced retailer looking to expand an existing portfolio. Business Overview • 13 years of successful operation • Owner-operated liquor and convenience store • Established customer base with repeat local clientele • Multiple revenue streams from liquor, convenience retail, California Lottery, ATM, and related offerings Sale Terms & Financials • Asking price is $750,000, plus inventory to be sold separately at cost at close of escrow • Gross sales and detailed financials available to qualified buyers after NDA and proof of funds • California Lottery and ATM income; details available to qualified buyers Licenses & Permits • California Type 21 Off-Sale General Liquor License included in sale, subject to ABC transfer approval • Current operation maintains tobacco license, health permit, and business license; buyer is responsible for obtaining, qualifying for, or transferring all required licenses and permits as applicable Location & Property • Prime North Monterey location along the Lighthouse Avenue corridor • High-visibility location on a highly traveled street • Leased premises include approx. 1,470 sq. ft. store on approx. 6,000 sq. ft. lot • On-site parking lot with 5 total spaces, including 1 ADA-compliant space • Triple net lease Nearby Attractions & Destinations • Cannery Row: approx. 0.1 miles, 3 min walk • Carmel-by-the-Sea: approx. 5.5 miles, 12 to 15 min drive • Monterey Bay Aquarium: approx. 0.3 miles, 6 min walk • Pebble Beach: approx. 4.5 miles, 10 to 12 min drive • The Wharf / Old Fisherman’s Wharf: approx. 1.1 miles, 5 min drive or 22 min walk Operations & Assets • Open 7 days a week, 7:00 AM to 10:00 PM • Turnkey operation with POS system, coolers, shelving, security cameras, display racks, fixtures, and equipment in place, subject to final asset list • Owned ice machine included in sale, subject to final asset list • Additional secured exterior operational storage area with lockable access Transition & Growth Opportunity • Seller willing to provide transitional training/support for a smooth handoff • Opportunity to increase sales through expanded product offerings, targeted marketing, improved merchandising, extended operating hours, and additional convenience services
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