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For Sale: Restaurant - Show Kitchen, Type 47 Liquor License - Monterey, Central Coast


Current Status: Active     Posting #: 265597     Last Refreshed: 11/21/20    
Contact: Keith Simpson At 888-995-9701  -  Also Email This Contact Below
Price:  $585,000     Down:  Call     Adjusted Net:  Call     Revenue:  $1,751,000    
Business Address:  474 Alvaro St     City:  Monterey     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call
Monterey, Central Coast Restaurant - Show Kitchen, Type 47 Liquor License Business For Sale Restaurant - Show Kitchen, Type 47 Liquor License Company For Sale Monterey, Central Coast Restaurant - Show Kitchen, Type 47 Liquor License Companies For Sale Buy, Sell A Restaurant - Show Kitchen, Type 47 Liquor License Business Selling A Monterey, Central Coast Restaurant - Show Kitchen, Type 47 Liquor License

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  Description About This Posting: Restaurant - Show Kitchen, Type 47 Liquor License
Monterey By The Sea, 4,000 Sq Ft Prestigious Restaurant With Show Kitchen & Hard Liquor License.

RRC#: 3864
Asking Price: Offered At $585,000
Annual Revenue: $1,751,000
Annual Cash Flow: Contact For Info
Monthly Rent: $12,000 Including NNN

Listing Description:

It is currently impossible to build a new restaurant in the city of Monterey as only existing establishments may be allowed to be purchased & converted, without exception. Therefore Lallapalooza restaurant represents an amazing opportunity to purchase this Icon restaurant located in central Monterey and this exceptional dining experience for many a guest these past 23 years. Amazing craft cocktails and farm to fork, chef driven menus with dry aged beef were their signatures. 23 years ago this main st Bank was converted into Lallapalooza restaurant, affectionately named 'Lalla' by regulars. As you enter you are greeted by the tear' shaped bar seating 14 and further bar high bar top seating for 25 with colorful modern lighting & pictures. Craft beer, temperature controlled with a glycol system from a walk-in, POS, glass washer, under counter refrigeration and glass shelves of liquor. Glancing down the large dining room there is a combination of booth & table seating with temperature-controlled glass fronted wine room and show kitchen. Completely renovated in 2020 at a cost of $400,000, the restaurant now boasts a total seating of 120 in modern, colorful and stylish comfort. The kitchen is well equipped with a wood fired large pizza oven, wood fired steak broiler, 8 burner stove, flattop, salamander and walk-in plus all refrigerated worktops. The second-floor mezzanine houses the office, with a window view overlooking the dining room, large store room, and liquor/wine lock up. The favorable low monthly rent lease term has a further 10 years remaining at $12,000 monthly including NNN. The long list of assets in place, including the ABC type 47 hard liquor license are ready for an energetic new owner to relaunch and enjoy. To receive more information and discuss this opportunity with the broker along with the broker's connections for long term SBA loan solutions please complete the Non-Disclosure Agreement on our website and we'll send you 6 years of financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:

Established: 1997
Current Owner: 1997
Employees: Contact For Info
Reason For Sale: Other Interests

Square Feet: 4000
Seating: 120 + Patio

To get more information about this Restaurant - Show Kitchen, Type 47 Liquor License business for sale in Monterey, Central Coast please phone Keith Simpson (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #265597 on BizBen.com. In addition to phoning Keith Simpson, make sure you email Keith Simpson above to get more info about this Restaurant - Show Kitchen, Type 47 Liquor License, to ask any questions or request an appointment to see this business for sale. Thank you.

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