MergerPlace

Full Service Restaurant

California


  • Asking Price: $195,000
  • Gross Income: $1,194,929
  • Cash Flow: $136,177
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #199796
  • Established: 1985
  • Employees: 5 FTE/10 PTE

Business Description

Beautiful full service restaurant located in Monterey county. The restaurant is surrounded by tourism and affluent community. Restaurant boasts an impressive wine selection that is sold retail as well as served at the restaurant. The concept could be changed and the current kitchen is able to accommodate most cuisines in addition to having a second kitchen that can accommodate any additional catering business. Long term lease is available for a qualified buyer and an experienced staff is already in place for a new owner. Perfect opportunity for a chef with a family.

Please refer to Listing ID: SF1051 when inquiring about this advert.

Call us at: 415.227.4411 X301 or 415.930.4013
Email us at: Francisco@business-team.com


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: California

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FTE/10 PTE

Financial Information

Asking Price: $195,000
Gross Revenue: $1,194,929
Cash Flow: $136,177
Seller Financing Available: No

Property Information

Facilities:

The restaurant seats 49 patrons and operates with 4 FTE/9 PTE employees, 1 FTE/1 PTE working owners. The rent rate is $5,736 per month for a 2,960 sq ft space. The lease expires 09/30/2020.

Reason for selling:

Retirement and Relocation

Support & Training:

Yes, 2 Weeks, 20 Hours Per Week

Contact Business Seller

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Business Listed By:

Francisco S

Business Team