Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Teriyaki Madness Franchise Opportunity

Rosatis Pizza Franchising Franchise Opportunity

Marcos Pizza Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Beautiful Monterey By The Sea Two Restaurants
Location: United States -> California -> Northern California - All Northern California -> Monterey
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Beautiful Monterey by the Sea - SBA Pre-Approved - Annualized Profit $600,000+


RRC#: 3954
Asking Price: $1,995,000
Location: Monterey, California
Annual Revenue: $4,000,000
Annual Cash Flow: $618,000
Monthly Rent: $17,270 or 5%

Listing Description:
Only 15% down to purchase this highly profitable, long established restaurant/bar. See Listing #3955 for the sister restaurant by the same name which is also for sale. Seller will negotiate price if Buyer purchases both restaurants. It-s impossible to build a new restaurant in the city of Monterey and only existing establishments may be allowed to be purchased & converted, that-s without exception. Therefore this is an opportunity to purchase these 2 Icon restaurants in Monterey with combined annualized 2021 revenues exceeding $8 million with profits of $1.1million. One established in 2007 the other in 2014 and both in superb locations each with ABC Type 47 hard liquor licenses & large bar areas. 5,200 sq ft restaurant with the addition of a 1500 sq ft Patio, the other 6200 sq ft with spectacular views of Monterey Bay.

Modern kitchens and both with Type 1 Hoods and fire suppression systems and a long list of equipment each restaurant with seating capacity in excess of 200. The owner would prefer to sell together but would discuss separate purchases. Locations are within easy drive of one another allowing the current owner to manage these businesses with the assistance of key, well-trained, long-term employees & a General manager in place for each establishment. Good revenues and provable cash-flow with full books and records to verify the financials are available to well qualified, well financed interested parties.

This is a highly confidential listing, therefore to receive more information and discuss these long-established businesses with the broker along with the broker-s connections for long-term SBA financing please complete the -Non-Disclosure Agreement- on our website and we-ll


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $4,000,000
Cash Flow:   $618,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other Interests




Print Listing Id: 700362065
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700362065
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.