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#1235
San Diego

Upscale Neighborhood Cafe serving a Starbucks style menu, plus Beer & Wine

$70,000
Sold
Upscale Neighborhood Cafe serving a Starbucks style menu, plus Beer & Wine
This Listing is Sold
Selling Restaurants presents this Italian classic Caf� also serving beer & wine offers a beautifully decorated space in a small neighborhood center located on a heavily traveled corridor of this community.

There are an excellent complement homes, small businesses, large business (for catering/bulk order delivery) and a new school opening in mid August which will naturally boost sales.

The business has been absentee owner ran and operated since opening, yet in 2006; saw real growth of 20% the first year and the same in the second � the business is growing year over year on pace to $300k in 2008. Make this owner operated with the new school, expand the business hours beyond 5PM, open Sunday's and take advantage of the beer & wine license will ensure better growth results in 2009.

The caf� has been recognized by many in the community for its quality of product and services. This turn-key operation would easily transition into many other foodservice concepts. There are tremendous opportunities not being taken advantage of in the lunch and dinner day parts; again, operate past 5PM and open Sunday's to see quick results.

The area gives you a true European lifestyle feeling; with three private park areas, and where the caf� is located ... can be described as an exclusive Village area that is within walking distance on romantic tree-lined streets from the nearby homes. This is not your typical neighborhood center anchored with a large grocery store.

The community borders Rancho Santa Fe and is nestled between the acclaimed areas of Fairbanks Ranch and Santaluz.

To get the name and address just select the orange button below titled "want name and address" and go through the registration process. It's fast and easy and all we need is your name, e-mail address, mailing address and phone number. No credit cards needed.

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 Feb. 5, 2010 + 5 yr option
Total Monthly Rent:
$4,910
Security Deposit:
$4,628

Financials

Last Year's Annual Gross:
$245,194
Last Year's Food Cost %:
35.0
Last Year's Payroll Cost %:
41.6
Last Year's Rent %:
26.4

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
8
# of Family Employees:
3
Hours Open:
6:30am - 5:00pm, 7:00am - 5:00pm on Saturday. Closed Sunday.
Year Established:
2005

Facilities

Indoor Seating:
21
Outdoor Seating:
23
# of Parking Spots:
27
Inside Sq. Ft.:
1424
Outside Sq. Ft.:
200

Highlights

  • Italian classic Caf also serving beer & wine
  • New school opening in mid August to boost sales
  • Opening in 2006; seeing real growth of 20%
  • Turn-key operation would easily transition into other concepts
  • Take advantage of the lunch and dinner day parts to boost sales
  • Cafe is located in an exclusive "Village area"
  • Landlord open to negotiating new lease economics

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 44,574 167,289
Households 3-mi. 5-mi
2010 Number Of Households 13,019 61,356
2010 Persons Per Household 2.99 2.72
Median House Value $618,400 $574,820
Income Per Household $120,106 $102,411
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,019 4,272
2012 Number Of Employees 42,048 136,884
2012 Total Annual Payroll $1,888,268,000 $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, 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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