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Rare opportunity to acquire a landmark, high-revenue restaurant in a premier Monterey-area waterfront destination. This is an irreplaceable setting that benefits from constant tourist activity and strong local loyalty throughout the year. The business generates approximately $3.8M in annual revenue with adjusted owner cash flow near $600K, reflecting consistent, reliable operating performance across multiple years. Pricing reflects both the earnings and the irreplaceable long-term lease asset. The listing is SBA pre-qualified, and we can make lender introductions for qualified buyers. A major competitive advantage is the lease structure. The restaurant operates under a long-term legacy lease with roughly 15 years remaining, at occupancy costs of about three percent of revenue — well below typical market rates for comparable coastal restaurant locations. Terms like these are no longer offered and cannot be replicated. The savings versus market rent compound over the life of the lease, representing significant value beyond the operating cash flow alone. This long-established full-service restaurant includes a Type 47 full liquor license, seating for 150+ guests indoors plus additional patio seating, and approximately 4,000 square feet of well-designed, turn-key space. A separate bar area complements the dining room, and the fully equipped commercial kitchen is built to support high-volume service. An experienced staff and management team are in place to support a smooth transition. The owner is retiring after four decades of successful operation and is committed to providing training and support through the transition. There is also meaningful upside for a new owner. Growth opportunities include expanding private events and group dining, developing catering and strategic partnerships, enhancing bar and beverage programming, extending seasonal operating hours, and strengthening digital and social marketing efforts. The restaurant is fully operational with established systems, a proven seafood and bar program, and a strong mix of visitor and repeat local clientele. Inventory is sold separately at cost. Shown confidentially to qualified buyers. NDA and proof of funds required. Contact Carmel Business Sales today for more information.
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SBA Loan Pre-Approved – Long-Established – Bar/Restaurant & Event Center – Sought After San Luis Obispo Location RRC# 5032 Location: San Luis Obispo County Description: Nestled in the Heart of Southern California’s Wine Country between Paso Robles and Santa Barbara sits San Luis Obispo. A beautiful region, close to the ocean, wine country & the city of San Francisco. For sale is a well-established Bar & Restaurant with multiple open area Patios and a large Event center. Bar/Restaurant seats 140, Patios 100+ and the Events Center 180 seated, 300 for a concert. Consistent $4.5 million annual sales revenues, producing over $500,000 in profits. All long-term management and staff are in situ and the financials are clean, showing proven historical success and future longevity. The Seller is the Landlord, therefore the Lease Terms are to be negotiated. The ABC License has to be reorganized but this is not insurmountable. This is a highly confidential sale and all potential Buyers will need to provide their background restaurant/business experience and financial status to the Broker prior to receiving the name, address & financials for this successful operation. Many fabulous online reviews; “Great spot to grab a drink and bite to eat, great for large groups and kids, with yard games and great outdoor space. The staff is friendly, and the food is solid.” “Perfect place if you're looking for a casual lunch/dinner spot with lots of indoor/outdoor seating. Great for a date night or for larger groups with lawn games, fire pits, and live music!” To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full 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. No Broker Coop. Financial Information: Monthly Revenue: $345,917 Monthly Cash Flow: $38,020 Annual Revenue: $4,151,000 Annual Cash Flow: $456,226 General Info: Ownership: LLC Established: 1988 Employees: 64 Reason For Sale: Other Interests Monthly Rent: New Lease Negotiable Facilities: Square Feet: Contact for Info Seating: 140 + 100 + 180 Parking: Ample Licenses: ABC License, Health and Business Permit Days/Hours of Operation: 12.00pm - 9.00pm Daily. Closed Mondays