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Prestigious Restaurant With Show Kitchen
Location: United States -> California -> Northern California - Bay Area -> Monterey
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,751,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1997
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  Other Interests




Print Listing Id: 700355243
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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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