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Prime Waterfront Restaurant Opportunity in Morro BayRRC# 4927Location: 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: CorporationEstablished: 2022Employees: Contact For Info Reason For Sale: Other InterestsMonthly 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
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