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For Sale: Restaurant, Bar - Monterey Peninsula


Current Status: Active     Posting #: 254967     Last Refreshed: 2/8/20    
Contact: Lance Strauss At 831-272-0831 Cell , 831-625-5581 Office  -  Also Email This Contact Below
Price:  $1,275,000+ Inv     Down:  Call     Adjusted Net:  $400,000     Revenue:  $3,100,000    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Lance Strauss at 831-272-0831 Cell and 831-625-5581 Office.

  Description About This Posting: Restaurant, Bar
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 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 business for sale in Monterey Peninsula please phone Lance Strauss (Agent - BRE License #:01928119) at 831-272-0831 Cell and 831-625-5581 Office - 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, to ask any questions or request an appointment to see this business for sale. Thank you.

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