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#3370
San Diego Restaurants For Sale

Beautiful restaurant and adjoining deli market

$100,000
Beautiful restaurant and adjoining deli market
This Listing is Expired

Unbelievable price reduction. Owners need to move this place.  Now is the time to capitalize on this outstanding opportunity. The owners here have done everything right. You have two completely separate businesses under the same roof. The restaurant already has good sales that will only get better as the busy summer season approaches and the word continues to spread about this great new place. The restaurant/bistro was professionally designed and built from the ground up and with the adjoining market and deli cafe these two places will be drawing a completely separate set of customers. Both places have been designed with the surrounding community in mind as customers. Two completely separate concepts with separate addresses but right where they need to be. You will not find a better synergy of concepts and demographics in the area.

The restaurant has to be seen to be truly appreciated. From the location to the menu to the web site to the seasonally rotating menu and outstanding wine bar, this place has it all. Words can not describe the ambience and feeling of tranquility and well being that every customer enjoys here. The restaurant has averaged 78k per month in gross sales after the first 10 months of business and is on pace to do nearly a million in gross sales with the completion of the first 12 months. With the outstanding reviews on Yelp and the owners continuous dedication to service the sales will only grow from the current base. Add a full liquor license and this place will be off the charts.     

The adjoining market and deli next door is projected to gross and additional 25-30k per month. There is nothing else like this place anywhere near it. The captive audience and affluent passers by love this new addition to the community. Between the two businesses the expected gross is close to 1.4 million a year.  

Rent for this high traffic, blocks from the ocean space, which includes both the restaurant and the  market  is $10,083 per month and CAM's are $3727. The current lease term expires in February of 2021 and there are two five year options available. These places  will be a staples in the community for a long time to come. Total square footage for both locations is 2872.

You will not find a better planned and developed business than this. The build out alone was over 500k and that does even consider all of the time, effort and the true labor of love that went into every detail of this business.   

Listing brought to you by Stone Path Brokerage Services, Inc.  a California Corporation.

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 Diego Restaurants For Sale
Lease Term:
Expires Feb 2020 plus two five year options
Total Monthly Rent:
$10,083
Security Deposit:
$12,000

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
24
Hours Open:
M-F 4pm-11pm
8am - 3pm Sat and Sun Brunch
Sat and Sun Dinner 5pm-Closing
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
80
# of Parking Spots:
8 plus street
Inside Sq. Ft.:
2,872
Outside Sq. Ft.:
400

Highlights

  • Corner Location-brand new building
  • Professionally designed and built out
  • Two seperate businesses
  • Affluent area
  • Lots of windows creates tropical soothing feel
  • Outstanding location
  • One minute drive to the ocean

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 18,299 46,642 138,825
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,807 21,415 70,472
2010 Persons Per Household 2.28 2.12 1.82
Median House Value $834,800 $717,602 $557,878
Income Per Household $82,075 $68,618 $60,927
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 719 1,359 8,426
2012 Number Of Employees 16,746 26,320 257,170
2012 Total Annual Payroll $319,727,000 $491,969,000 $4,294,967,295

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.

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