If you�ve been searching for the right �turn-key� restaurant opportunity; loyal customer base, full liquor license, great food, great rent factor, and makes money from day one � check this listing out. Owner willing to carry back 20% on a secured note!
You�re going to get a little bit of country with this listing! Located inland north county, this restaurant is in Valley Center, just 15 minutes from downtown Escondido. You can't miss that wonderful feeling of spaciousness in Valley Center. Nearly 20,000 locals are happily spread over the towns planning area and call this restaurant home.
This original family owned restaurant is where community pride dominates.
The restaurant is an official Certified Angus Beef � restaurant and features Starbuck�s� coffees and teas. With its full liquor license, it also features a wide variety of beer, wine, and premium brand cocktails to compliment the outstanding food. The location is currently open for lunch every day, dinner nightly, as well as, breakfast on Saturday and Sunday. Serving only the best beef! Only 8% of all beef can earn the distinctive Certified Angus Beef � brand. There are less than 100 locations is San Diego, out of over 7000 that are licensed to sell Certified Angus Beef�; this location is only one of two licensed in Valley Center.
This location has current avg. annual gross sales of $825k in a 3,000 sf space, up 15% from prior year sales. The key to this locations profitability is the outstanding rent! Only $3300 per month � that�s less than a 5% rent factor, industry standard is 10%! This location is an �old town� style strip center, with plans for a gas station and mini-mart. The locations surrounding population is approximately 20,000 and can provide a great platform for your business if you take care of your existing loyal customers. The key to keeping the customers coming back has been the outstanding food quality and family style hospitality.
The best feature of this restaurant is the rent and reputation within the community.
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.
Regional Manager Earl Wong DRE License #01776484
Lease
Region:
San Diego Restaurants For Sale
Lease Term:
4 yrs Remaining + 5 yr Option
Total Monthly Rent:
$3,300
Financials
Last Year's Annual Gross:
$822,335
Last Year's Owner's Cash Flow:
$134,300
Last Year's Food Cost %:
32.9
Last Year's Payroll Cost %:
21.0
Operations
# of Full-Time Employees:
8
# of Part-Time Employees:
8
Hours Open:
11-9 Sun-Thur; 11-10 Fri-Sat
Highlights
- Casual Dining Steakhouse with Full Liquor License
- Great food, great rent factor, and makes money
- You�re going to get a little bit of country with this listing!
- Located inland north county in Valley Center
- Restaurant is an official Certified Angus Beef � restaurant and features Starbuck�s� coffees and teas
- This location has current avg. annual gross sales of $825k
- $3300 per month rent � that�s less than a 5% rent factor!
- The key to keeping the customers coming back has been the family style hospitality
- Add catering to grow the business
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
16,615 |
17,819 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
6,209 |
7,100 |
2010 Persons Per Household |
3.06 |
3.03 |
Median House Value |
$439,800 |
$429,296 |
Income Per Household |
$81,835 |
$78,237 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
352 |
380 |
2012 Number Of Employees |
7,850 |
9,256 |
2012 Total Annual Payroll |
$138,153,000 |
$162,475,000 |
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.