• Year Built: 1920
140 Beach Way is aretail property for lease in Moss Beach, CA.
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” and the web site is www.mossbeachdistillery.com.
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 Complete and other items. These assets are owned by JAJD Enterprises, a California Corporation, which is wholly owned by John Barbour.
The Land and Buildings consist of 12 separate Assessor’s Parcel Numbers, 11 of which are owned by the John D. Barbour Living Trust (JDB) and are currently leased to JAJD Enterprises, and 1 signage parcel which is owned by JAJD Enterprises:
037-171-850 JDB Non-Contiguous Signage Parcel
037-232-040 JAJD Non-Contiguous Signage Parcel
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