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#3203
San Diego Restaurants For Sale

Profitable, Low rent, Located on High Traffic Count Road

$69,000
Profitable, Low rent, Located on High Traffic Count Road
This Listing is Expired

Here is a PROFITABLE Chinese food restaurant just waiting to be taken to the next level. The original owners of this restaurant established it in 2004 are looking to relocate to the east coast. Now is the time to make your move.

This well received Asian food restaurant has a corner location just off of one of the busiest roads in San Diego and is located in the extremely busy corridor between the 15 and 805 freeways on Miramar road.

MCAS Mira Mar is their neighbor to the south and only adds to the already tremendous amount of consumers driving thru and working in the immediate area.
Tax returns for the past three year show profits of $30,397 in 2007, $50,756k in 2008 and $34,236 in 2009.
Business hours are currently Monday –Friday from 10:30am to 5:30pm. Are you willing to work some extra hours and reap the rewards of simply opening up for dinner or the weekends? Now is your opportunity.
This restaurant is an easy to handle quick serve operation, helps keep labor low and customers turnover high.

The kitchen is well equipped and ready for all the Chinese favorites, just bring your desire to succeed and this is the place for you.

The landlord is a tenant friendly local, willing to work with you if you are looking for a longer lease or simply take over the existing below market lease that expires in February 2014 and has a five year option available.

The space has approximately 1400 square feet inside and also has a nice covered patio area for outside dining. Rent is $2300 per month and that includes trash, water and CAM.

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 2014 plus (one) five year option
Total Monthly Rent:
$2,300
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$114,574
Last Year's Owner's Cash Flow:
$30,397
Last Year's Food Cost %:
31.6
Last Year's Rent %:
18.5
EBITDA:
$30,397

Operations

# of Part-Time Employees:
1
# of Family Employees:
2
Hours Open:
Monday-Friday
10:30am- 5:30pm
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
8
# of Parking Spots:
100
Inside Sq. Ft.:
1,400
Outside Sq. Ft.:
400

Highlights

  • great rent
  • located on extremely busy street
  • profitable - tax returns available
  • open Mon-Fri 10:30am -5:30pm
  • Corner space
  • Fully equipped kitchen
  • lots of windows

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
10-30%

Demographics

Population 3-mi. 5-mi
2014 Total Population 4,479 235,043
Households 3-mi. 5-mi
2010 Number Of Households 1,677 85,332
2010 Persons Per Household 2.49 2.55
Median House Value $569,000 $691,859
Income Per Household $104,063 $93,856
Businesses 3-mi. 5-mi
2009 Number Of Businesses 2,936 10,567
2012 Number Of Employees 195,686 400,398
2012 Total Annual Payroll $4,294,967,295 $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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