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Established Restaurant In Popular Downtown Area

California : Restaurants
Listing #2948

Established Restaurant In Popular Downtown Area - $150,000+ Profit RRC#: 2948 Asking Price: $329,000 Location: Monterey County, Monterey County, California Yearly Revenue: $886,800 Yearly Cash Flow: $150,000 Monthly Rent: $3,347 LISTING DESCRIPTION: This is a very well-established, cozy multi-faceted restaurant with quaint, old- world ambiance. It is located in a high-traffic area in Monterey County, and is a favorite of both locals and tourists. Currently open for lunch and dinner and there is upside for additional hours. The kitchen could be used to build a catering business and increase sales significantly without interfering with cooking for restaurant guests due to its unique location. Fully equipped kitchen includes, several under-counter refrigerators, reach in refrigerators, 6' type one hood, 2 four burner stove with oven, walk-in refrigerator, 2 walk-in freezers, prep area, wine storage, convection oven, 2 Hobart mixers, proofer, ice machine and dish sink and dishwasher. There are also two restrooms. Both the floor in the kitchen and dining room are 1 year old. GENERAL INFORMATION: Organization: Not Available | Seating: 48 Indoor Seating | Square Footage: 1200 sqft | Parking: Street | Licenses Required: Beer and Wine, Business | Days Open/Hours: Daily | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $886,800 | Yearly Cash Flow: $150,000 | LEASE INFORMATION: Monthly Rent: $3,347 | Lease Expiration: July 2021 | Yearly Adjustment: Fixed Increases | Lease Option: 5 year Option |

Asking Price:

$329,000

Gross Income:

$886,800

(last 12 months)
Cash Flow:

$150,000

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Established Restaurant In Popular Downtown Area - $150,000+ Profit

RRC#: 2948
Asking Price: $329,000
Location: Monterey County, Monterey County, California
Yearly Revenue: $886,800
Yearly Cash Flow: $150,000
Monthly Rent: $3,347

LISTING DESCRIPTION:
This is a very well-established, cozy multi-faceted restaurant with quaint, old- world ambiance. It is located in a high-traffic area in Monterey County, and is a favorite of both locals and tourists. Currently open for lunch and dinner and there is upside for additional hours. The kitchen could be used to build a catering business and increase sales significantly without interfering with cooking for restaurant guests due to its unique location. Fully equipped kitchen includes, several under-counter refrigerators, reach in refrigerators, 6' type one hood, 2 four burner stove with oven, walk-in refrigerator, 2 walk-in freezers, prep area, wine storage, convection oven, 2 Hobart mixers, proofer, ice machine and dish sink and dishwasher. There are also two restrooms. Both the floor in the kitchen and dining room are 1 year old.

GENERAL INFORMATION:
Organization: Not Available | Seating: 48 Indoor Seating | Square Footage: 1200 sqft | Parking: Street | Licenses Required: Beer and Wine, Business | Days Open/Hours: Daily | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $886,800 | Yearly Cash Flow: $150,000 |

LEASE INFORMATION:
Monthly Rent: $3,347 | Lease Expiration: July 2021 | Yearly Adjustment: Fixed Increases | Lease Option: 5 year Option |


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