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#901
San Diego Restaurants For Sale

Asset Sale! Pizza & Italian Specialty Restaurant

$50,000
Asset Sale!  Pizza & Italian Specialty Restaurant
This Listing is Expired
Selling Restaurants presents this this newly built (4 years) pizza and Italian specialty restaurant in a high traffic center for less than the asset value! Fully functional, licensed, and turn-key. The center is anchored by a state of the art movie theater as well as a Starbucks and other food and specialty retailers. The facility is 1,619 sq/ft seating 32 guests inside with some outside seating. Base rent is $4,785.25, percentage rent is 6% of gross at negotiated break point. The lease expires in March 2014, with an option for two additional periods of 5 years. The center does a great lunch business, and is very busy on weekend nights. The seller has other restaurants in Orange County, and will be focusing his efforts there.
Regional Manager Earl Wong DRE License #01776484

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires March 2014 + (2) 5 year Options
Total Monthly Rent:
$4,785
Security Deposit:
$9,552

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
4
Hours Open:
11:00 am-9:00 pm
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
32
Outdoor Seating:
40
Inside Sq. Ft.:
1,619

Highlights

  • MUST SELL - Selling for less than the asset value!
  • Serves pizza, pasta, panini�s and salads
  • Located in a newly built center
  • Anchored by movie theater
  • 1,619 sq/ft seating 32 guests inside with outside seating
  • Base rent is $4,785.25
  • The lease expires in March 2014
  • Great lunch business, very busy on weekend nights

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 49,864 106,099
Households 3-mi. 5-mi
2010 Number Of Households 14,902 31,061
2010 Persons Per Household 3.27 3.29
Median House Value $404,000 $352,029
Income Per Household $45,983 $49,239
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,714 2,212
2012 Number Of Employees 46,454 56,798
2012 Total Annual Payroll $893,448,000 $1,032,362,000

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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