If you want a low rent restaurant in a tourist area of the Bay Area, then this is it!
Selling Restaurants proudly presents this awesome road side Mexican restaurant location. Currently, the business is owned and operated by family members with 1 fulltime and 2 part time employees. The Restaurant is next to an RV Park and a golf course. There is plenty of parking too! Currently, they are serving American and Mexican seafood.
There are wonderful bay views from the restaurant where 64+ guests can sit and enjoy some great food and relaxing sourroundings on the patio that could seat up to 16 more people.
The kitchen is well maintained kitchen with walkin-cooler and walkin-freezer.
There is 1697 inside sq/ft with a monthly rent of $2,900 which includes CAM costs, water and garbage.
The existing lease expires on 2/29/2012 + 5yr option. New business owner could improve the revenues by opening more days per week. Seller operates the restaurant less than 11 month a year.
The seller is selling because he needs to return home Seller needs to return home to help his struggling family.
If Mexican food isn't your choice of businesses to won, then this area also needs a Chinese, Indian, Thai or Japanese restaurant could also use an Asian restaurant.
Act now, before it is too late.
Take the next step and select the orange button below, register free of charge, and receive more photos and address location. As a preferred buyer, you will also receive periodic updates on new listings and price reductions, before they are released to the general public.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409
Lease
Region:
San Francisco Restaurants For Sale
Lease Term:
Expires February 2012 + 5 yr option
Total Monthly Rent:
$2,900
Financials
Last Year's Annual Gross:
$245,313
Last Year's Owner's Cash Flow:
$18,110
Operations
# of Full-Time Employees:
1
# of Part-Time Employees:
2
Hours Open:
Wednesday - Monday: 11:00 AM - 9:00 PM
Closed Tuesdays
Highlights
- It is well established turn key business for the new owner.
- The business right next to road side with conveniences parking.
- Patio is able to seats 16 customers for the summer and evening.
- Dining room and kitchen are well maintained.
- Restaurant has total occupied 1697sq/ft.
- Monthly rent included CAM charge, water and garbage only $2900 per-month.
- The lease expires 02/29/2012 plus one 5yr option renewal.
- The restaurant only operates 10 and half months per-year.
- Seller needs to take care his family business in Mexico.
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
211 |
1,143 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
708 |
1,886 |
2010 Persons Per Household |
1.98 |
2.07 |
Median House Value |
$662,700 |
$648,049 |
Income Per Household |
$76,583 |
$71,751 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
48 |
106 |
2012 Number Of Employees |
1,138 |
2,388 |
2012 Total Annual Payroll |
$14,497,000 |
$30,457,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.