Restaurant with Full Bar (Type-47 Lic) - Pismo Beach

Description:

This is a globally inspired, locally sourced restaurant serving hand-crafted food in a well-appointed dining area and Bar. This popular restaurant is ideally located at minute’s drive from Hwy-101, 1, and world-famous Pismo Beach. It was established and has been under current ownership since 2017. Approximately 47% of revenue comes from the highly profitable Bar Menu.

The sellers plan to exit the food industry and are willing to work with the new owner to ensure a smooth transition and provide. Training and support as needed. Buyers could carry on with the sellers’ concept and improve revenue by expanding business hours, taking advantage of online delivery services, or opting for concept conversion.

Equipment Included:

Type-1 Hood 12 ft, Mugnaini Brick Oven, Walk-in Cooler, Royal 6 Burner Range, Royal Griddle. Royal Fryer, Double Oven, POS System, Sandwich Prep, Freezer, multiple Refrigeration units, Artwork, All Tables and Chairs, and much more. A complete list of equipment is available with the Listing Broker.

General Information:

Organization: Corporation | Square Footage: 3,010 Sq. Ft. | Licenses Required: City Bus License, Health Permit, Sellers Permit, Type-47 Liquor License (included and transferable) | Seating Capacity: 130 (72 inside downstairs,36 inside upstairs 22 patio) | Hours: Tue-Thu 5:00 pm–9:00 pm, Mon, Fri, Sat 5:00 pm – 10:00 pm, Brunch Sat-Sun 9:00 am – 2:00 pm | Reason for Sale: Health Hardship |



Lease Information:

Rent: $7,100/m including NNN

Lease: Seller’s lease expiring on 04/01/2028 plus two 5-year options.



Revenue:

Sales $68,000/Month (approx. 47% in Bar Sales) (as per seller not verified by the Broker)

Financing:

All Cash/SBA Financing.

All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.