Nestled in the heart of bustling Morro Bay, this real estate and restaurant presents an enticing opportunity for entrepreneurs seeking a turn-key establishment in a prime location who are looking to own the real estate where they do business.  Located on one of the main thoroughfares in town and has high visibility, its clientele includes both locals who live nearby as well as tourists visiting from out of town. Although the current restaurant has been well-liked in the community and is long standing, there is flexibility for the new owner to keep the concept the same or introduce a new restaurant model With all of the essentials already in place, the restaurant is turn-key and ready for the next owner.  Included in the price of the sale is the real estate; the building which is 2,110 sqft. and the lot which is 9,000 sq. ft. The inside of the restaurant has the capacity for 64 people, while the back patio allows for an additional 28 with outdoor seating. Parking is located on the property and includes 12 spaces.  This is the perfect investment opportunity if you are looking to own real estate in addition to a restaurant where you can be your own landlord.

General Info

  • OrganizationCorporation
  • Established1985
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating64 Inside and 28 Outside
  • Square Feet9,000 sq. ft Lot / 2,110 sq. ft. Building
  • ParkingDedicated Parking Lot
  • LicensesABC Beer and Wine, Business and Health Permit
  • Open Hours11am - 8pm Tuesday through Sunday

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$52,335
  • Monthly Cash Flow$5,566
  • Annual Revenue$628,027
  • Annual Cash Flow$66,800
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location