$299,000.00
Asking Price
Address: Morro Bay,
Status: Active
Posting ID: 290218
1/16/25
Description
Prime Waterfront Restaurant Opportunity in Morro Bay
RRC# 4927
Location: Morro Bay
Description:
This established restaurant, located on the main thoroughfare in Morro Bay, presents a rare opportunity to secure a prime waterfront location with a steady stream of both tourist and local traffic. Renowned for its seafood-focused menu, craft beers, and cocktails, the restaurant has become a go-to spot for visitors and locals alike.
Situated in the heart of Morro Bay’s bustling waterfront district, the property boasts high foot traffic and unobstructed views of the picturesque bay. The area is a magnet for travelers and day-trippers seeking a coastal retreat, ensuring a consistent customer base year-round. The restaurant’s prime location also offers convenient access to nearby attractions, including boutique shops, harbor tours, and scenic outdoor activities, enhancing its appeal as a dining destination.
The restaurant currently sublets a small section of the space for $3500 to another business, this would offset the total rent cost. There is seller financing available for qualified buyers.
Whether you’re looking to continue the existing concept or introduce your own vision, this turnkey opportunity is perfectly positioned to thrive in one of California’s most iconic coastal communities.
Financial Information:
Monthly Revenue: $104,136
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,249,636
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
To get more information about this Restaurant - Established, Main Thoroughfare business for sale in Morro Bay please phone Steve Zimmerman (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 #290218 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant - Established, Main Thoroughfare, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $299,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,249,636.00
Area: Morro Bay
City: Morro Bay
Attributes:
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