Wagon Wheel Restaurant: A Beloved Carmel Icon for 54 Years
Long Established Profitable Breakfast/Lunch Restaurant with Loyal Customers
Listing ID: RES-WAG$379,000
Cash Flow: 148000
Carmel, CaliforniaHave a Question?
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Customers absolutely love the Wagon Wheel. It’s been an icon for locals and visitors in the Carmel area for over a half century. The business held its own during the 2020 pandemic year and this year is shaping up to be the best year ever!
SUPER LOCATION: Located in a popular plaza in lower Carmel Valley, the Wagon Wheel benefits from a high traffic count, terrific demographics, great visibility, and easy parking. It’s surrounded by multi-million-dollar ranch estates and popular resort communities: Quail Lodge, Carmel Valley Ranch, Tehama County Club, Santa Lucia Preserve and others. Close to Highway #1 for easy access for vendors, deliveries, and Carmel & Monterey Peninsula customers.
Open for breakfast and lunch only, 7 days per week. The Wagon Wheel serves delicious home-cooked American meals at reasonable prices. Eat here and leave happy! Customers are loyal and they come year-round. The restaurant is always popular with visitors. The warm & cozy dining area seats 50 inside, plus 12 outdoor seats. In addition to the owner, there is an experienced team of 4 f/t and 5 p/t staff.
TURN-KEY OPERATION READY FOR YOU. The business is performing well now. You can step in and continue to prosper, making improvements at your own pace. It’s a great business just the way it is, with huge potential to do even more.
STRONG PERFORMANCE WITH ROOM TO GROW. Revenue has increased consistently, with this year looking to be the best ever. Some growth ideas to investigate: Open for dinner? Add ABC beer/wine license? Expand marketing? Boost take-out business? Artisan menu additions? The sky is the limit!
ENJOY. Take pleasure from owning and running a restaurant that people love. Continue a beloved tradition that is part of local history. Live and work in one of our nation’s most beautiful areas. Live a good life!
The owners are ready to retire, and this is your chance to step in. Training will be provided to assist a smooth transition.
Inventory estimated at $5,000 is to be purchased in addition to the business price. We have been authorized to name the restaurant because the name is of such value. Please respect the owner’s request that all communication and meetings be coordinated by Carmel Business Sales. Do not contact anyone connected with the business without speaking with us first. We will help you with every step of the process.
Contact us today to learn more about the wonderful opportunity!