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




Business Summary

SBA Pre-Approved – Beautiful Monterey by the Sea - Annualized Profit $550,000

RRC#: 3955
Asking Price: $1,650,000
Location: Monterey, California
Annual Revenue: $4,300,000
Annual Cash Flow: $550,000
Monthly Rent: $30,000 or %5

Listing Description:
Only 15% down to purchase this highly profitable, long established restaurant/bar. Owner is selling 2 restaurants of the same name. See Listing #3954 for the sister establishment. 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. 6,400 sq ft restaurant with spectacular views of Monterey Bay from every table, the other 5,200 sq ft plus Patio.

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 contact you to discuss before sending the name and address, the full finan


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $4,300,000
Cash Flow:   $550,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2014
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

Photos

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Sba Pre - Approved – Beautiful Monterey By The Sea Photo 1




Print Listing Id: 700363264
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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



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