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#755
San Diego Restaurants For Sale

Asset Sale in 4S Ranch! Former Pizza Concept, Ready for Conversion!

$200,000
Asset Sale in 4S Ranch!  Former Pizza Concept, Ready for Conversion!
This Listing is Expired
This 5 year old former Pizza Concept is fully fixturized and ready for conversion to another pizza concept, or, a new fast casual concept! The Owner is willing to finance on negotiated/favorable terms, but will look much more favorably on a 100% qualified cash buyer. Owner MUST sell, lives in Orange County and needs to focus on his business there. So, if
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 $448k) and if worked by an owner/operator the sales can be grown, along with the profits.

This location is north county inland San Diego in the 4S area of Rancho Bernardo in an established strip center surrounded by heavy residential.

The business is in the fourth year of a 10 year lease; the base rent is $6095; approx $2000 in additional rents (CAM charges, etc) with a 3% increase every 3 years. There are no options, however those can be negotiated with the landlord. The current �use� is for pizza, sandwiches, and salads. Mexican, Sandwich, Asian, or Coffee concepts will conflict with other existing/exclusive uses in the center. The cost for the build out just over five years ago was $420k!

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.
Regional Manager Earl Wong DRE License #01776484

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
6.5 years remaining, no options
Total Monthly Rent:
$6,095
Security Deposit:
$6,095

Financials

Last Year's Annual Gross:
$448,692
Last Year's Owner's Cash Flow:
$45,383
EBITDA:
$45,383

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
4
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Inside Sq. Ft.:
2,438

Highlights

  • Asset Sale!
  • Former Pizza Concept, Ready for Conversion
  • 1800 SF
  • Buy the establish traffic pattern for pizza; $450k 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

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
40%

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 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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