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Incredible turn-key restaurant in great location.

Listing ID: RES-SLT

$595,000

Monterey, California

Estd.: 2021

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Cannery Row stands out as the premier tourist hotspot on the Monterey Peninsula, attracting over 5 million global visitors annually and claiming the top spot as the region’s No.1 tourist destination. The allure of Cannery Row lies in its iconic Monterey Bay Aquarium, along with its diverse array of attractions like McAbee Beach, Paper Wing Theatre, and Treasure Hunt: The Ride, all nestled along its historic streets and waterfront.

Moreover, Cannery Row boasts a thriving retail and dining scene, with some establishments raking in food and beverage sales exceeding $1,000 per hour. Among these, The Salty Seal occupies a prime, envy-inducing street frontage, centrally positioned within Cannery Row’s bustling street.

Established in 2021, The Salty Seal has swiftly become the go-to spot for locals and tourist alike, offering a unique fusion of sports, entertainment, delicious food, and craft brews. Its strategic location amid a hub of shops, attractions, hotels, and residences ensures a steady stream of foot traffic, making it an ideal destination for those seeking good food and a fun time.

The Salty Seal features a spacious 5,100 sq. ft. layout offering both indoor and outdoor spaces, two bars, dining areas, a stage for live entertainment, and a fully functional kitchen, which the owners have recently upgraded. The owners have also upgraded to a new glycol machine, new draft lines, patio furniture, big screen TVs, bar fridges, ice machines, and much more!  The sale of the restaurant includes a very sought after ABC Type 47 liquor license that covers beer, wine, and spirits.

Notably, The Salty Seal carries a rich history, featured in John Steinbeck’s renowned “Cannery Row” book from 1945, evident in the restaurant’s adorned walls, which showcase photographs and memorabilia, creating a unique and nostalgic atmosphere.

This incredible turnkey opportunity is waiting for a passionate and driven operator. The current owners of The Salty Seal are offering extensive training to ensure a seamless transition, allowing the new buyer to hit the ground running from day one. The owners have poured their heart and soul into creating a winning template for success, consistently exploring various avenues to fine-tune the business. They Started up the business during COVID and put a lot of time and money into the business with improvements and are stll standing 3 years later! Now, they believe that The Salty Seal is poised for years of profitability and growth. The decision to sell the restaurant is driven by the owner’s personal circumstances, which have led them to individually pursue new paths. This presents an exceptional opportunity for someone to step in and take this thriving establishment to new heights.

IMPORTANT:  If you decide to visit the restaurant, please go in “secret shopper” mode and do not ask questions of the staff concerning the restaurant. If after your visit, you have an interest in learning more, please contact Carmel Business Sales and we will send you a confidentiality agreement which will allow us to provide you with detailed information (financials, lease, etc.) as well as a back-of-the-house tour.