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#4405
San Diego Restaurants For Sale

High End San Diego Restaurant-Great Reviews and Good Sales

$199,999
High End San Diego Restaurant-Great Reviews and Good Sales
This Listing is Expired

Here is a high end, full service restaurant minutes from Del Cerro, Mt Helix and SDSU. Area demographics for this restaurant concept are underserved and this place is capitalizing on that.

Customers love this place and the online reviews back that up.

Owner is absentee but they have a full time, seasoned chef willing to stay on or consult until you are comfortable with operations. It’s a great situation to have available.

Owner built this place out at a cost of over 300k. You can get it at less than build out with established sales. 

First full year (2014) and they were already at 743k in gross sales with rent at 6.7% of sales.

COGS was at 40.1% so lots of room for improvment there and payroll was at 28.7% again lots of room to improve here.

2015 is on pace to do even better sales with improved costs.

Location is ideal as they have very little completion in the area.

Kitchen is set up very nicely for high volume sales. 12 foot hood system covering all the expected food prep equipment.

You have to come see the interior design, very well thought out with a comfortable and classy atmosphere.

Nice bar area for socializing and waiting for table to open up that leads to increased ticket averages.

Lots of outside patio seating adds even more ambience to this San Diego restaurant.   

Great visibility from both side of a high traffic street brings in customers and the super food, service and atmosphere bring them back.

Rent for this restaurant is $4300 all in. Interior space is approximately 1800 sq. feet with an additional 700 sq. feet of outside patio dining area. Current lease expires in October 2018 with a five year option available.

There is also an additional 2500 square feet of storage space included in the rent.

Time is now to come visit this great restaurant.  

Please visit our website at SellingRestaurants.com to get name and location. 

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 Oct 2018 with five year option avail
Total Monthly Rent:
$4,300

Financials

Last Year's Annual Gross:
$743,035
Last Year's Food Cost %:
40.1
Last Year's Payroll Cost %:
28.7
Last Year's Rent %:
6.7

Operations

Liquor License:
41
# of Full-Time Employees:
11
# of Part-Time Employees:
3
Hours Open:
Mon-Wed 4-10pm
thurs-sun 2:30-10pm
Year Established:
2014
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
39
Outdoor Seating:
50
Inside Sq. Ft.:
1,800
Outside Sq. Ft.:
700

Highlights

  • high end build out
  • great visibility from street
  • High traffic street
  • Nice bar area
  • plenty of outside patio seating
  • chef willing to stay!

Financing

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

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

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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