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#4263
San Diego Restaurants For Sale

Sub way for Sale in San Diego Area - $84k Adj. Net!

$325,000
Sub way for Sale in San Diego Area - $84k Adj. Net!
This Listing is Expired

Located in a super busy retail center with huge traffic!

Plans for a brand new high school are approved and will make this place an unbelievable value at the current listing price.

Now is the time to get into an already profitable franchise location where the future sales and profits will be off the charts! Here is your opportunity to get in to the number one franchised food concept in the world!

Have you always dreamed of becoming your own boss but were not ready to go out on your own to do it? This franchise has your back, with their proven method for success and your dedication to succeed you will be running a profitable business from day one. They are the biggest and best for a reason. You will never be without immediate access to help every step of the way. You reap all the benefits of being backed by this outstanding franchisor along with being able to take advantage all the financials benefits of running your own small business. It really is the best of both worlds

This restaurant was established in 2008 and is in near new condition. Location is near the busiest grocery store in the city and many other traffic drivers in place, coffee, banks and many other popular destination stores and restaurants.

Demographics are great in this upper middle income area. Vehicle traffic is huge and signage drawing them in is great. This restaurant is priced at 35x their two year weekly sales average.

Net income for this mostly absentee owner run location was $67,799 in 2013 and $84,636 in 2014. The net income numbers are after paying over $118,000 in payroll costs in 2013 and over $89,000 in 2014.

With an owner operator in place you could expect to eliminate 60-80k of payroll expense allowing for a net income well over 100k per year!

All this with only the current sales, imagine a high school walking distance from your doorstep.

That’s right you will be walking right in to a restaurant averaging almost 500k in gross sales per year over the last two years and could expect to bottom line net well over 100k!

This is a near new store with all high end décor and design. The owner has already installed a hood system which all new locations being built out are now required to have in place.

The average built out cost for a location of this size for this franchise is 275k-300k. with no sales or profit history, here you are walking into 7 years of goodwill, a profitable restaurant, great rent factor, a super visible location, with constant traffic at your doorstep, not to mention the absolutely huge addition of hungry high school students that are expected in the very near future.

The restaurant space is 1200 square feet and your monthly base rent is $3300 plus $1068 for CAM. They have a very nice common area for outside dining to enjoy the beautiful San Diego weather. Rent percentage has been under the 10% mark and should only continue to drop as sales increase. Current lease expires in mid 2018 with a five year option available.

To insure system wide success the franchisor requires their approval along certain minimal financials reserves being met. If you are a strong candidate for this great franchise opportunity please sign the NDA and you can begin the qualification process to joining the most successful franchise in the world.

Please visit our website at SellingRestaurants.com for location of this franchise

This is a Rob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires Sept 2018 plus five year option
Total Monthly Rent:
$3,300

Financials

Last Year's Annual Gross:
$471,082
Last Year's Owner's Cash Flow:
$84,636
Last Year's Food Cost %:
31.4
Last Year's Payroll Cost %:
24.7
Last Year's Rent %:
9.8
EBITDA:
$84,636

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
7
Hours Open:
7am-9pm
Year Established:
2008
Hood System Type 1:
Yes

Facilities

Indoor Seating:
30
Outdoor Seating:
26
Inside Sq. Ft.:
1,200
Outside Sq. Ft.:
1500

Highlights

  • great location
  • profitable-make 100k plus
  • outdoor common area
  • super busy center
  • great demographics
  • huge potential for increased sales coming
  • good rent
  • near new store

Financing

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

Demographics

Population 5-mi
2014 Total Population 16,464
Households 5-mi
2010 Number Of Households 6,345
2010 Persons Per Household 2.70
Median House Value $472,500
Income Per Household $79,792
Businesses 5-mi
2009 Number Of Businesses 402
2012 Number Of Employees 9,616
2012 Total Annual Payroll $188,411,000

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, 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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