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#596
San Diego Restaurants For Sale

Asset Sale! Fully Equipped Casual Dining Restaurant with Bar & Liquor License

$295,000
In Escrow
Asset Sale! Fully Equipped Casual Dining Restaurant with Bar & Liquor License



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If you�ve been searching for good restaurant locations for your new concept or franchise expansion, here is a great opportunity.

This asset sale is made available by the current franchise operator who is shifting his focus to his other restaurants. Franchise is not included in the sale. Once your concept is defined, or new franchise acquired, you�ll be up and running months ahead of leasing a vanilla shell and building new. This location will serve the affluent communities of Del Mar, Rancho Santa Fe, Solano Beach and others nearby. The strip center is anchored with a movie theater, national restaurant brands, as well as boutique restaurants and retailers. This former national franchise has current avg. monthly gross sales of $80K to $100K in a 4,100 sf space. High traffic count on extremely busy thoroughfare in front of location to freeway. This is a location with great potential for non-competing concepts. The business has been run with an absentee owner and is in need of a new operator to grow the business and mind the costs. The shopping center's central location and surrounding dense population (55,768 in 3 miles, 107,081 in 5 miles, and a daytime pop of 32,396 in 3 miles) and average household incomes of $208,055 in 1 mile and $103,583 in 3 miles will provide a great platform for your business. The management team and key employees are in place and could be there to help jump start your new business. Take the next step and complete the online confidentiality agreement, and you�ll be provided with 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.
Regional Manager Earl Wong DRE License #01776484

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
10 yr remaining + 5 yr Option
Total Monthly Rent:
$13,172

Financials

Last Year's Annual Gross:
$1,054,388

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
7
Year Established:
1994
Hood System Type 1:
Yes

Facilities

Indoor Seating:
135
Outdoor Seating:
20
Inside Sq. Ft.:
4,100
Outside Sq. Ft.:
900

Highlights

  • Asset Sale! Fully Equipped Casual Dining Restaurant
  • Franchise agreement does not covey with purchase
  • This location will serve the affluent communities of Del Mar, Rancho Santa Fe and others nearby
  • Current avg. monthly gross sales of $80 to $100K
  • 4100 sf Space with 900 sf Patio
  • Extremely busy thoroughfare in front of location
  • Absentee owner
  • Type 47 Liquor License Included
  • Bar Area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 14,085 81,008 97,618
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,912 28,744 38,877
2010 Persons Per Household 2.22 2.58 2.55
Median House Value $1,000,000 $888,932 $869,711
Income Per Household $114,880 $117,846 $115,975
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 781 3,353 7,096
2012 Number Of Employees 11,180 75,810 286,142
2012 Total Annual Payroll $238,191,000 $2,436,760,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Robert Lee Tade. ("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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