Description About This Posting: Italian Restaurant With Full Bar - Real Estate
Back on the market! Bring offers. Price reduced to $1.25m + inventory. Sba loves this business! Pre-qualified with 3 different lenders. Sba pre-qualified. 5-10% down possible. 75-150K down possible. Prime real estate on very high traffic count street also available. Excellent business and real estate investment. 5.75% cap rate possible!
Description: this restaurant is really a gem! Extremely well establish, beloved, and profitable full serve restaurant with full bar and liquor license available in the monterey bay area. Close to $4 million in gross revenues for 2016 clearly shows the drawing power of the current owner's commitment to fine dining and quality, as well as to customer-driven high-end service. Business is not tourist-dependent, and locals keep the restaurant full year-round. They have no slow season. Brisk and profitable to-go business generates excellent income as well. Prime location on busy area road. Revenues for 2018 are showing growth over last year and the past three years, which have been highly profitable already. Looking for a new owner to continue this tradition of excellence. Or perhaps a new or slightly different concept? Priced as asset sale. Stock purchase possible as well.
Real estate may also be available for qualified buyer.
This listing is highly confidential. Contact broker for NDA and profile. Proof of funds available to make a purchase at this level also required.
Asking price: $1,250,000 + inventory (est. At $90k at cost) as an asset sale
Ebitda: $409,570 for largely absentee owner estimated depending on any new hires
Sde: $479,570 for full time working owner-chef
Sba: pre-qualified. 5% down is possible
Sales: $3.6M for 2017-18 (fy runs to 9/31/18)
5.75% cap rate possible if real estate e included.
Real estate: $2.4M
Email or call broker for nda. Highly confidential.
To get more information about this Italian Restaurant With Full Bar - Real Estate business for sale in
Monterey County please phone Rex Walters CBB (Broker - BRE License #:01841628) at 831-239-2080 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #222861 on BizBen.com. In addition to phoning
Rex Walters CBB, make sure you email Rex Walters CBB above to get more info about this
Italian Restaurant With Full 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
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.
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. Please phone 916-672-8018 for more info.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
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.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
People always need to eat; there should be plenty of business. Some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program at 925-785-3118) reviews this topic.
Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully!
Looking to buy a restaurant business? Check out these tips first to avoid getting blindsided when you buy any type of small or mid-sized California restaurant. Peter Siegel, MBA (BizBen's ProBuy & ProSell Programs & Restaurant Purchase Financing Expert) at 925-785-3118 covers this topic for buyers.
In this Discussion, Peter Siegel MBA (Business Purchase Financing Advisor at 925-785-3118) discusses financing of purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant, potential restaurant buyers have many options to choose from.
Purchasing a business with no money down can be difficult, but not impossible. Financing a business purchase or down payment can often be accomplished with these strategies from Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 925-785-3118.
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
If you're trying to sell a business - check out this week's top 100 business buyers - one of these buyers may be looking to buy your type and location of business! This list is updated weekly - make sure you check it frequently! Are you searching to buy - get on this list and reach seller direct!
In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA (Business Purchase Financing Expert) at 925-785-3118 shares his experience.