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For Sale: Restaurant - Established, Main Thoroughfare - Morro Bay, California

$299,000.00

Asking Price

  • Address: Morro Bay,

  • Status: Active

  • Posting ID: 290218

  • 1/16/25

Morro Bay Restaurant - Established, Main Thoroughfare Business For Sale
Restaurant - Established, Main Thoroughfare Company For Sale

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.

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Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701

Details

  1. Asking Price: $299,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    $1,249,636.00

  1. Area: Morro Bay

  2. City: Morro Bay

  1. Attributes:

    Broker CooperationTraining & Support

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Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


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