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Asking Price$350,000
Revenue$1,751,000 Established1997
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Price Reduction - Monterey by the Sea-4,000 sq ft Prestigious Restaurant & Bar- Hard Liquor License.

RRC#: 3864
Price Reduced: Offered At $350,000
Location: 474 Alvarado St, Monterey
Annual Revenue: $1,751,000
Annual Cash Flow: Contact For Info
Monthly Rent: $12,000 Including NNN

Listing Description:
Huge Price Reduced to $350,000 from $585,000. Seller may also be willing to carry a small portion of the sale to well qualified, experienced Buyers with good credit. It is currently impossible to build a new restaurant in the city of Monterey as only existing establishments may be allowed to be purchased, without exception. Therefore, Lallapalooza Restaurant & Bar represents a solid opportunity to purchase this long established restaurant & bar located in central Monterey along with the exceptional reputation as a dining experience for the many guests these past 23 years. Signature craft cocktails and ‘Farm to Fork’, chef driven menus with dry aged beef were their signatures. 23 years ago this Main Street Bank was converted into Lallapalooza restaurant, affectionately named “Lalla” by regulars. As you enter you are greeted by the ‘tear’ shaped bar seating 14 with further high top seating for 25 with colorful modern lighting & pictures. Temperature controlled craft beer with a full glycol system from  the walk-in, modern POS system, glass washer, under-counter refrigeration and glass shelves of liquor. Glancing down the large dining room there is a combination of booth & table seating with temperature-controlled glass fronted wine room and show kitchen. Completely renovated in 2020 at a cost of $450,000, the restaurant now boasts a total seating of 120 in modern, colorful and stylish comfort. The kitchen is well equipped with a wood fired large pizza oven, wood fired steak broiler, 8 burner stove, flattop, salamander and walk-in plus all refrigerated worktops. The second-floor mezzanine houses the office, with a window view overlooking the dining room, large store room, and liquor/wine lock up. The favorable low monthly rent lease term has a further 10 years remaining at $12,000 monthly including NNN. The long list of assets in place, including the ABC type 47 hard liquor license are ready for an energetic new owner to relaunch and enjoy. To receive more information and discuss this opportunity with the broker along with the broker’s connections for long term SBA loan solutions please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you 6 years of  financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Information:
Established: 1997
Current Owner: 1997
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $146,000
Annual Revenue: $1,751,000
Cash Flow: Contact For Info
Payroll: Contact For Info
Facilities:Square Feet: 4000 Seating: 120 + Patio
Sale Reason:Other Interests
Ad #123296
Seller Reference #3864
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
888-995-9701
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