Busy Restaurant and Bar in Perfect Downtown Location
Multi-Million Dollar Sales
Listing ID: RES-MBB$989,000
Cash Flow: 2200000
Central Coast, CaliforniaHave a Question?
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Unique and exceptional opportunity to purchase an extremely popular bar and restaurant. This consistent money-maker is located in a busy and lively downtown area on a street with high foot traffic. There is a great lease with below market rent and 2 options to renew. There is a 3 bedroom apartment in the building for use by the owner and/or staff.
Sales have been explosive for this business!! 2015 - $1.8 million, 2016 – $2.0 million, 2017 - $2.2 million.
This restaurant/bar is open 7 days a week and currently serves lunch and dinner in the 3,000 sf venue. There is seating for approximately 100 inside and approximately 125 in a charming, outdoor patio. On several nights a week, the outdoor patio features live music and patrons literally line up at the door to pay a cover charge to gain admission.
The best part is that there is a steady flow of customers from multiple sources including local residents, several local colleges and several military facilities. However, during numerous tourist events in the area (car shows, golf tournaments, conventions, etc.) this venue really packs them in!
Offered at only $989,000 including a full type 47 liquor license and all existing furniture, fixtures and equipment.
This won't last long, contact us today!
For more information email us at [email protected] or call us at (831) 625-5581.