Established Restaurant/Bar; $3 Million+ Sales; $300,000+ Profit; Excellent Long Term Lease
RRC# 5065
Location: Central Coast

Description:
This uniquely designed restaurant bar and entertainment venue is in a popular coastal city and is handsomely designed and over $1 million is invested in this facility. There are two dining rooms, an outdoor seating area, a bar and cocktail lounge, full kitchen, prep kitchen and the facility can hold up to 200 people for special events. In the dining rooms there is a combination of banquette seating, booth seating and table and chairs and in the cocktail lounge there is a combination of bar height tables and bar stools and tables and chairs. There are attractive hanging light fixtures, high ceilings and nicely finished floors throughout. Additionally, there is an office area, storage area and ADA restrooms. This operation is one of the only businesses in the area that can serve alcohol and provide entertainment to 2a daily and there is minimal competition in the area for this venue. The lease has several 5-year options and each period is adjusted annually by the CPI with a minimum of one percent (1%) a year and a maximum of four percent (4%) per year so you can project your rent for many future years and the lease is assignable. Past sales in the past four years have been in the $3 million range. Sales for this 2025 are projected to be $3+ million with profits to be in $300,000+ range.

Financial Information:
Monthly Revenue: $250,000
Monthly Cash Flow: $25,000
Annual Revenue: $3,000,000
Annual Cash Flow: $300,000

General Info:
Ownership: LLC
Established: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $17,000 all inclusive
Expiration: 1 year plus 1 Five Year Option

Facilities:
Square Feet: 6,000+
Seating: 200
Parking: Street and public parking lots
Licenses: Business, ABC Type 47 License (hard liquor)
Days/Hours of Operation: 7 days: lunch, dinner