Description About This Posting: Restaurant, Bar - Owner Retiring
Rare opportunity to own a well-established, high gross, high net restaurant & bar with full liquor license (ABC-Type 47) in a very desirable upscale location on the Monterey Peninsula.
Pick a night, Any night, and you will find this 110-seat restaurant completely packed with guests. This beautiful venue features outstanding food and lots of repeat customers. Upon arrival, this establishment provides its guests with a full bar, a mouthwatering crazy-delicious menu, multiple flat screen televisions, and a totally enjoyable dining atmosphere.
This 3-year old business is in an upscale shopping venue with tons of parking and is open 6 days a week. Seller maintains a highly trained, 50 person staff to pamper the guests.
Current lease is in the 4th year of an initial 5-year term with 2 additional 5-year options.
2018 gross revenue is $3.1 million with $400K net adjusted cash flow.
The owner dedicates limited time and resources to advertising and promoting this business. Most of the clientele are established repeat, referral or location driven. Therefore, additional revenues and an even higher bottom line might be realized by actively engaging in web advertising and/or social media campaigns.
A huge potential exists to offer a late-night reduced bar menu with live music (which is permitted in this location!).
The owner is retiring and is offering this business at only $1,275,000. (Inventory is in addition to the business purchase price. Typical inventory is estimated at $25,000 at cost.)
Act now! This super opportunity won't be on the market long. Contact by email or phone today.
To get more information about this Restaurant, Bar - Owner Retiring business for sale in
Monterey Peninsula please phone Lance Strauss (Agent - BRE License #:01928119) at 831-625-5581 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #254967 on BizBen.com. In addition to phoning
Lance Strauss, make sure you email Lance Strauss above to get more info about this
Restaurant, Bar - Owner Retiring, 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.
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
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.
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