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For Sale: Upscale Restaurant, Bar - High Cash Flow, Retiring - Monterey Peninsula

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Current Status: Active     Posting #: 254967     Last Refreshed: 9/18/19     BRE License #: 01928119    
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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  Description About This Posting: Upscale Restaurant, Bar - High Cash Flow, 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 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 Upscale Restaurant, Bar - High Cash Flow, Retiring 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 Upscale Restaurant, Bar - High Cash Flow, Retiring, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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  Helpful Resources To Assist In Selling And Buying California Businesses

Cheryl Maloney: Restaurant Broker Specialist - San Francisco

Cheryl is a business owner herself, Over 20 years bar/restaurant experience, and a law degree she's well-versed in real estate rules, regulations and best practices. She works tirelessly to create successful strategies and effective negotiations for those wishing to sell or purchase their business.

Jim Saxton, Liquor License Broker & Consultant - SF Bay Area

20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, and ABC District Offices, my company Liquor Licenses of SF Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process. Call 925-787-0770.

Mike Brewer: Liquor License Brokers, ABC Consulting Services - California

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.

AJ Rana - Business Broker, San Francisco Bay Area

Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.

Harry Sidhu, CBB, Broker: SF Bay Area, Central Valley, SAC Region

Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.

Joe Sandbank, Esq: Legal Services For Buyers, Sellers, Brokers - Throughout California

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.


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