Prestigious Restaurant With Show Kitchen

www.GlobalBX.com

Listing ID: 700355243

Listing Title: Prestigious Restaurant With Show Kitchen

Quick Link: http://www.globalbx.com/listing.asp?bId=355243

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Northern California - Bay Area

City: Monterey

Asking Price Range: $250K - $500K

Gross Revenues: $1,751,000

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1997

Number of Employees: 10 - 19

Business Description:
Price Reduction - Monterey by the Sea-4,000 sq ft Prestigious Restaurant & Bar- Hard Liquor License. RRC#: 3864 Price Reduce: Offered At $350,000 Location: 474 Alvarado St, Monterey Annual Revenue: $1,751,000 Annual Cash Flow: Contact For Info Monthly Rent: $12,000 Including NNN Listing Description: Huge Price Reduced to $350,000 from $585,000. Seller may also be willing to carry a small portion of the sale to well qualified, experienced Buyers with good credit. It is currently impossible to build a new restaurant in the city of Monterey as only existing establishments may be allowed to be purchased, without exception. Therefore, Lallapalooza Restaurant & Bar represents a solid opportunity to purchase this long established restaurant & bar located in central Monterey along with the exceptional reputation as a dining experience for the many guests these past 23 years. Signature craft cocktails and -Farm to Fork-, chef driven menus with dry aged beef were their signatures. 23 years ago this Main Street Bank was converted into Lallapalooza restaurant, affectionately named -Lalla- by regulars. As you enter you are greeted by the -tear- shaped bar seating 14 with further high top seating for 25 with colorful modern lighting & pictures. Temperature controlled craft beer with a full glycol system from the walk-in, modern POS system, glass washer, under-counter refrigeration and glass shelves of liquor. Glancing down the large dining room there is a combination of booth & table seating with temperature-controlled glass fronted wine room and show kitchen. Completely renovated in 2020 at a cost of $450,000, the restaurant now boasts a total seating of 120 in modern, colorful and stylish comfort. The kitchen is well equipped with a wood fired large pizza oven, wood fired steak broiler, 8 burner stove, flattop, salamander and walk-in plus all refrigerated worktops. The second-floor mezzanine houses the office, with a window view overlooking the dining room, larg



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