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#748
San Diego Restaurants For Sale

Fast casual Mexican in busy area of Santee - or Convert to your concept!

$50,000
Fast casual Mexican in busy area of Santee - or Convert to your concept!
This Listing is Expired
This is purely a sales of furniture, fixtures, equipment and lease. No financial information will be given. This brand new restaurant must be immediately sold. Owners want out. Their loss is your gain. If you've been searching for a restaurant then check-out this restaurant. Equipment is barely a year old. Store looks brand new. Bring your concept in and go. It is located in the fast growing town center in Santee across from major large box retailers with heavy daytime traffic; industrial parks; office complexes; and other commercial traffic. Sale includes the paid franchise license ($20K fee) if the buyer wants to continue with the franchise. Alternatively, take advantage of the tenant improvements and equipment value of $160k for a possible conversion to your own concept. This location is in a 1,247 sf with 9 years remaining on the lease with a base rent of $4,455; plus $556 CAM. Add catering to all the businesses surrounding this restaurant location to boost sales. The key employees are in place and could be there to help jump start your new business, along with key management if desired. 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.
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:
9 years + two 5 year options
Total Monthly Rent:
$4,455
Security Deposit:
$4,455

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
4
Hours Open:
Mon-Thurs 11-8
Fri and Sat 11-9
Sun 11-6
Year Established:
2006

Facilities

Indoor Seating:
30
Outdoor Seating:
15
Inside Sq. Ft.:
1,257

Highlights

  • Huge price reduction
  • Get into a turn key restaurant for 50K!
  • All new equipment
  • Owner say sell now!
  • Fun festive decor package
  • Located on main road through town center
  • Nine year lease plus two five year options
  • Huge catering potential
  • Convert to your concept

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 54,293 77,817
Households 3-mi. 5-mi
2010 Number Of Households 19,310 28,847
2010 Persons Per Household 2.72 2.62
Median House Value $323,500 $356,627
Income Per Household $71,100 $69,948
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,086 1,417
2012 Number Of Employees 25,086 28,756
2012 Total Annual Payroll $428,449,000 $480,636,000

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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