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#5950
San Diego Restaurants For Sale

Great Sales-Low Rent-Long Lease-Possible SBA loan

$175,999
Great Sales-Low Rent-Long Lease-Possible SBA loan
This Listing is Expired

Recently remodeled Mediterranean food restaurant with beer and wine license located on a busy street with huge vehicle traffic.

Opened in February of 2018 sales momentum has been building from day one.

2018 tax return for only 11 months shows annual sales of $ 357,441 and net income of $84,446.

2019 tax return sales were $451,266 and net income was $99,214.

2020 tax return sales were $351,254 and net income was $84,206.

2021 continues to roll big with the reopening of the economy

After four months they are averaging over 45k per month and are pace for 540k in annual sales.

Rent has been in 5-7% range per tax returns.

Located in an area  underserved by restaurants in general and even more underserved by this growing food type.

They have a five-star Yelp review with hundreds of reviews, customers LOVE this place.

Visit SellingRestaurants.com and look for  this listing then to go visit this restaurant. 

All new build-out for this small footprint restaurant location means super easy operations and very low cost of occupancy.

Build on the business they've already established instead of trying to start from scratch.

Seller put in all new equipment and built this place out very nicely. 

 

Kitchen is very nice and set up for big volume has walk in freezer and walk in cooler.

Restaurant is approximately 1,000 square feet with rent of only $1,700/month plus CAM of $460/month. Can't beat this rent!

CAM even includes trash and water.

Current lease expires Jan 2025 with  five year option available

Come by today to see if this is the one you have been waiting on to become available.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires jan 2025 w five year option
Total Monthly Rent:
$2,160

Financials

Last Year's Annual Gross:
$351,254
Last Year's Owner's Cash Flow:
$84,206
Last Year's Food Cost %:
49.8
Last Year's Payroll Cost %:
9.6
Last Year's Rent %:
6.2

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
4
Hours Open:
Daily 11-9
Year Established:
2018
Hood System Type 1:
Yes

Facilities

Indoor Seating:
24
Outdoor Seating:
8
Inside Sq. Ft.:
1,100
Outside Sq. Ft.:
200

Highlights

  • averaging 45k monthin sales for 2021
  • Tax return profitable three year in a row
  • 2019 net income 99k
  • 2020 net income 84k
  • rent of 2160/month
  • great build out
  • Nice decor and equipment package
  • lots of nearby residential
  • possible SBA financing

Financing

Will SBA Finance:
Yes
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, foreward 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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