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#4018
San Diego

Restaurant row location-Million plus in sales-full liquor license

$125,999
Sold
Restaurant row location-Million plus in sales-full liquor license
This Listing is Sold

Premier steakhouse style location in North County.

Restaurant row area with a beautiful modern decor scheme and fun atmosphere compatible with many different restaurant concepts, is one of them yours? Steak house, sports bar, your specialty concept here.

Full liquor license in place with great bar area.

Sales have been consistently over a million dollar in each of the past two years and they are on pace for nearly 1.2 million in 2013.

This is a profitable location for current part time ownership group. 

Owner provided PnL's show profits of $135,056 in 2011 and $118,720 in 2012.

Are you a hands on operator? Cut food costs and labor with your working the location and watch the bottom line swell.

Current concept likely will not convey due to Franchisor criteria, but that wont stop this location from doing very well with your new idea and operations.

Rent for this fabulous restaurant and bar is approximately 11k per month including CAM. CAM includes many items not included in most leases such as full grease trap servicing. Rent is right at the 10% of sales needed to really make a restaurant work.

Inside space is 5690 square feet and they have a great enclosed patio area of approximately 700 square feet.

Kitchen is built for volume with everything you could want in place for nearly any concept you can dream of.

Ready to take over a restaurant and bar taht does tremendous volume with out even trying? Now is you chance.  

Listing brought to you by Stone path brokerage services DBA selling restaurants San Diego.

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

Lease

Region:
San Diego
Lease Term:
Expires Sept 2015 with 3 year option
Total Monthly Rent:
$7,660

Financials

Last Year's Annual Gross:
$1,056,096
Last Year's Owner's Cash Flow:
$118,720
Last Year's Food Cost %:
31.4
Last Year's Payroll Cost %:
30.3
Last Year's Rent %:
9.2
EBITDA:
118720

Operations

Liquor License:
47
# of Full-Time Employees:
3
# of Part-Time Employees:
23
Hours Open:
Lunch 11:30-4 Wed-Sun
Dinner 4-10 daily
Year Established:
2011
Hood System Type 1:
Yes

Facilities

Indoor Seating:
190
Outdoor Seating:
40
Inside Sq. Ft.:
5680
Outside Sq. Ft.:
700

Highlights

  • Over a MILLION in gross sales last two years
  • Profitable
  • Full Liquor license
  • Great decor and atmosphere
  • Nice enclosed patio area
  • on pace for 1.2 million in gross sales for 2013
  • CAM includes many benefits for tenant
  • great bar area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 28,324 35,829 101,386
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,198 13,979 38,404
2010 Persons Per Household 2.30 2.35 2.50
Median House Value $716,200 $708,760 $679,148
Income Per Household $85,530 $82,056 $92,897
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 860 1,066 2,652
2012 Number Of Employees 15,338 17,772 42,518
2012 Total Annual Payroll $274,169,000 $315,524,000 $788,929,000

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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