Prime Waterfront Restaurant Opportunity
Morro Bay, CA San Luis Obispo County
Request More Information Contact the Seller
- RE: Prime Waterfront Restaurant Opportunity
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $1,249,636 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 984424 | |
| Broker Reference #: | 4927 |
Business Overview:
Prime Waterfront Restaurant Opportunity in Morro Bay
RRC# 4927
Location: Morro Bay
Description:
This established restaurant, located on the main thoroughfare in Morro Bay, presents a rare opportunity to secure a prime waterfront location with a steady stream of both tourist and local traffic. Renowned for its seafood-focused menu, craft beers, and cocktails, the restaurant has become a go-to spot for visitors and locals alike.
Situated in the heart of Morro Bay’s bustling waterfront district, the property boasts high foot traffic and unobstructed views of the picturesque bay. The area is a magnet for travelers and day-trippers seeking a coastal retreat, ensuring a consistent customer base year-round. The restaurant’s prime location also offers convenient access to nearby attractions, including boutique shops, harbor tours, and scenic outdoor activities, enhancing its appeal as a dining destination.
The restaurant currently sublets a small section of the space for $3500 to another business, this would offset the total rent cost. There is seller financing available for qualified buyers.
Whether you’re looking to continue the existing concept or introduce your own vision, this turnkey opportunity is perfectly positioned to thrive in one of California’s most iconic coastal communities.
Financial Information:
Monthly Revenue: $104,136
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,249,636
Annual Cash Flow: Contact For Info
General Info:
Ownership: Corporation
Established: 2022
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660
Expiration: July 2027
Facilities:
Square Feet: 4,000 (-500 Square Feet Sublet)
Seating: Inside Seating 85
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 9pm Thursday - Monday
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Facilities:
Square Feet: 4,000 (-500 Square Feet Sublet)
Seating: Inside Seating 85
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 9pm Thursday - Monday
Market Competition and Expansion:
General Info:
Ownership: Corporation
Established: 2022
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: $12,360 + $1,800 CAM (-$3,500 Sublet) Total Rent $10,660
Expiration: July 2027
Reason for Selling:
Other InterestsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
