Moss Beach Distillery | 140 Beach Way
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Moss Beach Distillery 140 Beach Way
5,886 SF Retail Building Moss Beach, CA 94038 £4,102,800 (£697/SF)
Investment Highlights
- The real estate and the business may be purchased together or separately
- Business offers excellent profit margins
Executive Summary
The restaurant was purchased by the current owner in 1990 with sales of $1.4 million. He has grown the business to average approximately $3.2 million in annual sales during the period 2000-2005. Sales dipped slightly during the recession, but again topped $3,100,000 in 2014. All years since 2000 have shown excellent profit margins. The restaurant operations are supported by 2 kitchens, one upstairs and one downstairs, and the Blue Lady Bar. Its location on a bluff over the Pacific Ocean has made it one of the most famous “destination” restaurants in the state. It is a recognized California “Historical Building".
The restaurant has been in its current location since the 1920’s and has a famous ghost, the “Blue Lady”. The popular NBC TV series “Unsolved Mysteries” recreated a haunting version of “The Legend of the Blue Lady” and presented it to the world in 1994. Copies of this presentation are available upon request.
Description of the Sale:
This offering consists of two elements: (1) operating assets of the
restaurant business and (2) the land and buildings located at 140 Beach Way in Moss Beach, California 94038 plus two non-contiguous signage parcels. The real estate and the business may be purchased together or separately. If sold separately, then the two separate sales for the business and real estate will be closed concurrently at escrow closing.
The restaurant business assets include all of the major items used in the restaurant business (equipment, tables & chairs, etc.) along with the State Liquor license, inventories, leasehold improvements, the web site, all marketing materials, the e-mail list of newsletter members (approximately 46,000), the trade name “Moss Beach Distillery”, goodwill, Covenant Not To Compete and other items. These assets are owned by JAJD Enterprises, a California Corporation, which is wholly owned by John Barbour.
The restaurant has been in its current location since the 1920’s and has a famous ghost, the “Blue Lady”. The popular NBC TV series “Unsolved Mysteries” recreated a haunting version of “The Legend of the Blue Lady” and presented it to the world in 1994. Copies of this presentation are available upon request.
Description of the Sale:
This offering consists of two elements: (1) operating assets of the
restaurant business and (2) the land and buildings located at 140 Beach Way in Moss Beach, California 94038 plus two non-contiguous signage parcels. The real estate and the business may be purchased together or separately. If sold separately, then the two separate sales for the business and real estate will be closed concurrently at escrow closing.
The restaurant business assets include all of the major items used in the restaurant business (equipment, tables & chairs, etc.) along with the State Liquor license, inventories, leasehold improvements, the web site, all marketing materials, the e-mail list of newsletter members (approximately 46,000), the trade name “Moss Beach Distillery”, goodwill, Covenant Not To Compete and other items. These assets are owned by JAJD Enterprises, a California Corporation, which is wholly owned by John Barbour.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,886 SF
Building Class
C
Year Built/Renovated
1927/1995
Price
£4,102,800
Price Per SF
£697
Tenancy
Single
Number of Floors
2
Building FAR
0.10
Land Acres
1.37 AC
Zoning
R-1 - single family residential
Parking
72 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
92 ft on Beach Way
Amenities
- Restaurant
- Signage
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £29,117 | |
Land Assessment | £663,214 | Total Assessment | £692,331 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£663,214
Improvements Assessment
£29,117
Total Assessment
£692,331
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Moss Beach Distillery | 140 Beach Way
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