Prime Real Estate and Restaurant In Morro Bay For Sale, Includes Parking Lot and Outdoor Seating
RRC# 4781
Location: San Luis Obispo County
Description:
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.
Financial Information:
Monthly Revenue: $52,335
Monthly Cash Flow: $5,566
Annual Revenue: $628,027
Annual Cash Flow: $66,800
General Info:
Ownership: Corporation
Established: 1985
Employees: Contact For Info
Reason For Sale: Other Interests
Monthly Rent: Real Estate Included
Facilities:
Square Feet: 9,000 sq. ft Lot / 2,110 sq. ft. Building
Seating: 64 Inside and 28 Outside
Parking: Dedicated Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - 8pm Tuesday through Sunday
