Turk key restaurant location, sellers spent big money, close to 500k building this restaurant out.
2018 sales were over a million dollars at 1,012,612
2019 was 977,078
2020 pandemic sales were 481.677, so sliced in half but now that businesses are opening back up this place is headed in the right direction again.
Adjusted net income has been 2018- $66,514
Thru June YTD 2021 $16,833
The owner does not work here at all so you could expect each of those years numbers to be 60-70k better than they show.
As sales ramp back up and you come in and roll up your sleeves the income opportunity is huge.
Owners may even consider some seller financing for this beautiful restaurant.
The area itself is underserved by the restaurant industry so you have a lot of customers with out a lot of choices.
Del Mar/ Torrey hills/ Sorrento valley are the areas that surround this location and the demographics for them are outstanding.
Several large companies are coming to the area including a huge pharmaceutical company.
Catering opportunities to these companies and the employees from these immediate neighbors are there and ready to be capitalized on now.
Kitchen is open style and well equipped, burner stove, meat rotisserie cooker, 12-foot hood system, two pizza ovens and a large walk-in cooler.
Nice dining area inside and a large outside dining patio area.
Plenty of parking and easy access from the street.
Buyer to verify the seller provided sales and income figures.
Keep the same successful concept or bring your own if you have a restaurant concept that needs a turnkey restaurant that with upper middle-income demographics ready to go right now.
|2014 Total Population||54,103||68,188||213,895|
|2010 Number Of Households||17,528||23,440||70,408|
|2010 Persons Per Household||2.79||2.65||2.84|
|Median House Value||$832,900||$875,046||$639,510|
|Income Per Household||$127,968||$124,667||$103,248|
|2009 Number Of Businesses||1,668||2,449||8,487|
|2012 Number Of Employees||49,714||60,894||325,600|
|2012 Total Annual Payroll||$1,829,386,000||$2,067,577,000||$4,294,967,295|
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