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For Sale: Italian Restaurant With Full Bar - Real Estate - Monterey County


Current Status: Active     Posting #: 222861     Last Refreshed: 12/3/19    
Contact: Rex Walters CBB At 831-239-2080  -  Also Email This Contact Below
Price:  $1,250,000+     Down:  $325,000     Adjusted Net:  $479,570     Revenue:  $4,482,299    
Attributes:  Training & Support, Real Estate Available     Cooperation With Brokers?  Call

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  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. Thank you.

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