Business Summary:
Between Carmel and Santa Barbara is some of the most amazing coastal beauty Mother Nature has to offer. Known the world over the 100 miles of coastline and highway 1 south of Carmel can't be beat for scenic beauty. Tourists come from all over the world to drive this amazing road, enjoy the scenery and wine and dine up and down the coast. This 100-mile stretch of coast that sees thousands of tourists a year only has nine visitor service facilities. Only nine places to stop and get a refreshment, a snack, or a gift.This is an opportunity to purchase not only location, location, location, but a successful business as well. After over 40 years the owner has decided its time to retire and is selling the jewel of the Big Sur coast. Two successful businesses, a one-bedroom apartment and the four-acre parcel they sit on. This truly is a trophy property. As they say, they are not making any more beachfront property.While the 100 seat successful Café with beer and wine and the Craft and Gallery shop are available separately a wise investor could purchase both businesses and the land.The Restaurant and Café has 2500 square feet with approved seating for 100 with an out door deck and a beer and wine license. Currently only open 10-4:30. Perhaps you’d like to serve breakfast? Or expand into dinner? Maybe wine tasting is more your speed? Or to go lunches for picnics on the beach? The possibilities are endless but considering the remodel in 2012, it really is turnkey!The Galley and Craft Store. Currently carries high end 100% all American made products in its roughly 5000 square feet. Again, the choice is yours. Keep the currently successful enterprise or maybe you’d like to open a wine shop? Maybe buy both businesses and expand the restaurant? Again, up to you!The facility. Roughly 7500 square feet you really must see to understand. Cut from original growth three inch thick Redwood it is truly non replaceable. Replacement cost several years ago was estimated at $750 a square foot. With a footprint of 7500 square feet that’s over five million to replace! Aside from the amazing construction and floor plan the unobstructed views of the Pacific Coast alone are worth the price.Again, while all pieces are available separately:$199,000 for the Restaurant and Café.$379,000 for the Craft and Gallery Store (includes $300,000 in inventory)A wise investor would look at the entire package including the 4 acres of land on the California Coast, the businesses and the one bedroom apartment.$3,700,000 for the entire package reflects a serious reduction in price making it now something investors should look at.Serious inquiries, NDA and financial verification prior to location information or showing.
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