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For Sale: Restaurant And Bar - Monterey


Current Status: Active     Posting #: 251847     Last Refreshed: 12/11/19    
Contact: Rex Walters CBB At 831-239-2080  -  Also Email This Contact Below
Price:  $495,000     Down:  TBD     Adjusted Net:  $150,000     Revenue:  $1,426,000    
Business Address:  None Given     City:  Monterey     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Rex Walters CBB at 831-239-2080.

  Description About This Posting: Restaurant And Bar
New lowered price. Seller says bring offers.

SBA pre-approval letter issued.

Description: If you love the energy, vibes, and overall festive feeling of monterey, fisherman's wharf, and cannery row, then you should take a close look at this unique and enticing restaurant opportunity within the city of monterey. Very well established, with a location than most restaurateurs would die for. Great food, excellent drinks, full liquor license, yet family friendly. Take over the existing wining concept, or consider a new one. Almost anything will work in this location. Based on past year's performance, there is plenty of room for growth in revenues. Premises of this quality come along once in a lifetime in this iconic restaurant area.

Asking price: $495,000 + inventory at cost of approx. $20K
Seller financing: some possible for approved buyer
Gross revenues: $1,426,060 for 2018
Sde: $149,701, 3-year weighted average
Lease: $$13,329 base rent + cam. 5 years remaining, or negotiate new. 4202 sq. ft. + patio & office.

Email broker for nda and profile. Financial statement required.

To get more information about this Restaurant And Bar business for sale in Monterey 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 #251847 on BizBen.com. In addition to phoning Rex Walters CBB, make sure you email Rex Walters CBB above to get more info about this Restaurant And Bar, to ask any questions or request an appointment to see this business for sale. Thank you.

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