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Morro Bay, San Luis Obispo County, California
Prime Waterfront Restaurant Opportunity in Morro Bay
Asking Price
$299,000
Revenue
$1,121,865
Down
Call/Email
Cash Flow
Call/Email
Description
RRC# 5068
Location: Morro Bay
Description:
This is a rare opportunity to bring your restaurant concept to one of California’s most iconic coastal towns. Located on the main thoroughfare in Morro Bay, this established restaurant space offers unmatched visibility and consistent foot traffic in the heart of the city's vibrant waterfront district. Whether you're looking to launch a new brand or expand an existing one, this second-generation restaurant is fully equipped and ready for a seamless transition.
Surrounded by boutique shops, local attractions, harbor tours, and scenic walking paths, the area draws a steady mix of locals, weekenders, and tourists year-round. The restaurant enjoys unobstructed views of the bay and is perfectly situated to benefit from the high volume of visitors seeking a relaxed, oceanfront dining experience. The neighborhood’s ongoing popularity with travelers, retirees, and outdoor enthusiasts makes this a uniquely dynamic and reliable market for any hospitality concept.
The current operator sublets a portion of the space to another tenant for $3,500 per month, offsetting the overall rent. Seller financing is available for qualified buyers, adding flexibility to the deal.
Financial Information:
Monthly Revenue: $93,488
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,121,865
Annual Cash Flow: Contact For Info
General Info:
Ownership: Corporation
Established: 2022
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660
Expiration: July 2027
Facilities:
Square Feet: 4,000 (-500 SQFT Sublet)
Seating: Inside Seating 85
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 9pm Thursday - Monday
Posting Information
Posting ID:
290218
Business Category:
Restaurants for Sale & Food
Business Types:
Full Service, Dine In Restaurant
Keywords:
Morro Bay
san luis obispo county
california
full Service
seafood
Attributes:
Broker Cooperation
Training And Support
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Posting Title
Prime Waterfront Restaurant Opportunity in Morro Bay
Posting ID
#290218
Full Name (Required)
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Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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Prime Waterfront Restaurant Opportunity in Morro Bay RRC# 5068 Location: Morro Bay Description: This is a rare opportunity to bring your restaurant concept to one of California’s most iconic coastal towns. Located on the main thoroughfare in Morro Bay, this established restaurant space offers unmatched visibility and consistent foot traffic in the heart of the city's vibrant waterfront district. Whether you're looking to launch a new brand or expand an existing one, this second-generation restaurant is fully equipped and ready for a seamless transition. Surrounded by boutique shops, local attractions, harbor tours, and scenic walking paths, the area draws a steady mix of locals, weekenders, and tourists year-round. The restaurant enjoys unobstructed views of the bay and is perfectly situated to benefit from the high volume of visitors seeking a relaxed, oceanfront dining experience. The neighborhood’s ongoing popularity with travelers, retirees, and outdoor enthusiasts makes this a uniquely dynamic and reliable market for any hospitality concept. The current operator sublets a portion of the space to another tenant for $3,500 per month, offsetting the overall rent. Seller financing is available for qualified buyers, adding flexibility to the deal. Financial Information: Monthly Revenue: $93,488 Monthly Cash Flow: Contact For Info Annual Revenue: $1,121,865 Annual Cash Flow: Contact For Info General Info: Ownership: Corporation Established: 2022 Employees: Contact For Info Reason For Sale: Other Interests Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660 Expiration: July 2027 Facilities: Square Feet: 4,000 (-500 SQFT Sublet) Seating: Inside Seating 85 Parking: Street Parking and Public Parking Lot Licenses: ABC Beer and Wine, Business and Health Permit Days/Hours of Operation: 11am - 9pm Thursday - Monday
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