San Diego Restaurants For Sale
Asset Sale! Former Pizza Concept, Ready for Conversion!
you like the location, building, and opportunity; bring a deal to the table and let�s talk! The right buyer is an experienced operator with a good back ground and solid financials for the landlord; who is already financed to do the deal, has a concept in mind, and is ready to move quickly.
If you've been searching for that right deal to start your business, this is it! This is a conversion opportunity that has established traffic for pizza, sandwiches, and salads. There is lots of potential upside (current sales volume is $350k) and if worked by an owner/operator the sales can be grown, along with the profits.
This location is central San Diego in Kearny Mesa in a newly built strip center surrounded by extremely heavy daytime users.
The business is in the fourth year of a 10 year lease; the base rent is $5489; approx 9% in additional rents (CAM charges, etc) with a 7.5% increase every three years. There are two five year options available. The current �use� is for pizza, sandwiches, and salads. Mexican, Sandwich, Asian, or Burger concepts will conflict with other existing/exclusive uses in the center. The cost for the build out just over four years ago was $410k!
Take the next step and act quickly to complete the online confidentiality agreement to be provided with detailed pictures and the location address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities.
Lease
Operations
Facilities
Highlights
- Asset Sale!
- Former Pizza Concept, Ready for Conversion
- 1702 SF / Base Rent $5489
- Buy the establish traffic pattern for pizza; $350k in sales
- Excellent Visibility; easy access
- Absentee Owner; needs an owner and operator to grow the business
- Fully Fixturized; add some decor, signage, menu and you
- Propriatary Items to the Brand do not convey with purchase
- Owner financing on favorable terms
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 28,758 | 159,988 | 344,073 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 10,039 | 64,176 | 145,741 |
| 2010 Persons Per Household | 2.57 | 2.35 | 2.24 |
| Median House Value | $396,100 | $409,678 | $443,501 |
| Income Per Household | $71,412 | $63,481 | $62,622 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,752 | 6,906 | 12,923 |
| 2012 Number Of Employees | 164,658 | 347,434 | 502,200 |
| 2012 Total Annual Payroll | $4,294,967,295 | $4,294,967,295 | $4,294,967,295 |
click for more demographic info
Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("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 addition to seeking professional advice from an attorney as well as a CPA. 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.
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