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#6040
San Diego Restaurants For Sale

High Margin Pho Restaurant-Corner Location, Busy center

$239,000
High Margin Pho Restaurant-Corner Location, Busy center
This Listing is Expired

Very well-established Pho restaurant with ideal location. Located on super busy road with high traffic neighbors including the DMV, National coffee shop and CVS drug store.

Owners have remodeled this restaurant and it looks great. Beautiful granite tables and counters through out the dining areas. 

Type 41 beer and wine license in place.

Plenty of inside seating and several tables and chairs available outside as well. Significant percentage of their business is to go/take out and online ordering meaning less labor to run the restaurant.

Current owners designed both the menu and the website for maximum customer satisfaction.

Local favorite with outstanding online reviews. Owners both have full time jobs so they cannot give the restaurant the attention it needs. They will be willing to train and even work weekends until the new owners are comfortable with operations.

They have survived the pandemic and this place has enormous potential.

Opened in June of  2018 for partial year sales of $295,072 averaging approximately 42k/month  

Sales in 2019 were $440,960

Sales in 2020 were $236,392

2021 average monthly sales at 22k /month with reduced hours  currently they are only open 5 days/week. Time to open back up to full hours!

Net income for past three years has been:

2018- $65,891

2019-$105,089

2020-$36,693

Now that restaurants and the economy have opened back up, their sales and profits are expected to be back to where they had been in 2019.

Kitchen is well set up for volume with a large hood , lots of cold storage including walk-in cooler.

Rent for this 2100 sq foot restaurant is $ 5811/month base plus NNN of $ 308/month.

Current lease term expires 3/2024. Options or new lease to be negotiated during escrow.

Come visit this restaurant today to see if it's the one you have been waiting on.

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

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires 3-2024 with options available
Total Monthly Rent:
$5,811

Operations

Liquor License:
41 beer and wine
# of Full-Time Employees:
2
# of Part-Time Employees:
4
# of Working Owners:
1
Hours Open:
Wed-Sunday 10-9
Year Established:
2013
Hood System Type 1:
Yes

Facilities

Indoor Seating:
82
Outdoor Seating:
12
# of Parking Spots:
100
Inside Sq. Ft.:
2,100
Outside Sq. Ft.:
200

Highlights

  • Corner location in busy center
  • High traffic neighbors
  • 41 license
  • great reviews online
  • Nice dining area
  • Walk in cooler
  • Large hood system
  • High margin concept

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 48,324 96,962
Households 3-mi. 5-mi
2010 Number Of Households 16,164 36,427
2010 Persons Per Household 2.93 2.60
Median House Value $495,800 $493,297
Income Per Household $93,750 $93,072
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,568 2,743
2012 Number Of Employees 61,276 103,786
2012 Total Annual Payroll $1,854,371,000 $3,302,069,000

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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