Rare opportunity to acquire a landmark, high-revenue restaurant in one of
Monterey’s most visited historic waterfront districts. This is an irreplaceable
setting that benefits from constant tourist activity and strong local loyalty
throughout the year.
This long-established full-service restaurant offers scale, stability, and a
location advantage that cannot be replicated in today’s market.
The business
generates approximately $4.0 million in annual revenue and produces about
$670,000 in adjusted cash flow, reflecting consistent and reliable operating
performance.
The restaurant includes a Type 47 full liquor license, seating for 154 guests
indoors plus additional patio seating, and approximately 4,000 square feet of
well-designed, turn-key space.
A separate bar area complements the dining room,
and the fully equipped commercial kitchen is built to support high-volume
service. The restaurant operates in a highly visible coastal destination that
sees steady foot traffic throughout the day. An experienced staff and management
team are in place to support a smooth transition.
A major competitive advantage is the lease structure. The business operates
under a long-term lease secured beyond 2036, with occupancy costs well below
typical market rates for comparable coastal restaurant locations.
There is also meaningful upside for a new owner.
Growth opportunities include
expanding private events and group dining, developing catering and strategic
partnerships, enhancing bar and beverage programming, extending seasonal
operating hours, and strengthening digital and social marketing efforts.
The restaurant is fully operational with established systems, a proven seafood
and bar program, and a strong mix of visitor and repeat local clientele.
Inventory is sold separately and is typically approximately $50,000 at cost.
This is a confidential offering. To protect the business, the name and exact
location are not disclosed publicly. Qualified buyers must complete a financial
profile and sign a nondisclosure agreement prior to receiving detailed
information.
Serious inquiries only. Contact Carmel Business Sales to learn more and schedule
a private tour.