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#1607
San Diego

Restaurant and bar for Sale: Asian Restaurant in Del Mar with Full Liquor License/ Sushi Bar/Sports Bar

$349,000
Sold
Restaurant and bar for Sale: Asian Restaurant in Del Mar with Full Liquor License/ Sushi Bar/Sports Bar
This Listing is Sold
Selling Restaurants asks are you looking to own one of the premiere Chinese food restaurants in San Diego? Look no further. This restaurant is located in the heart of affluent Del Mar in a bustling retail center. This upscale Chinese food restaurant caters to all. From hungry local college students to the power brokers of local industry, this is a San Diego favorite for a real Chinese food experience. The original owner for the last 19 years is ready to retire and hand the reins over to the next generation. Current owner will stay on for an extended training period to ensure a smooth transition of his life�s work to the new owners. He will even consider financing for the right buyers. Restaurant has a full liquor license allowing the popular �let�s meet at_________�s bar to be a favorite saying for locals and tourists alike. The atmosphere is enchanting and this is the place to see and be seen for the week end dinner crowds. Current lease expires in November of 2011 with a five year option available, the beauty here is that the landlord will be willing to renegotiate terms in exchange for a long term lease commitment from a qualified buyer. Currently sales are averaging 60k month but in the very recent past sales had been nearly 100k per month. If you are looking to get a bargain on a popular restaurant with a loyal client base, great location and nearly 20 years of goodwill, this is your place and now is the time.

This location with a newly negotiated lease would be ideal for Sushi bar, Sports bar or bring your concept and be for the landslide of business.
Please select the orange button below to get the name and location of this great restaurant.

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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 10/31/2011 plus five year option
Total Monthly Rent:
new lease available at market or better terms
Security Deposit:
$10,125

Financials

Last Year's Annual Gross:
$732,000

Operations

Liquor License:
47
# of Full-Time Employees:
9
# of Part-Time Employees:
5
Hours Open:
Mon-Thurs 11- 9:30
Friday 11- 10:00 pm
Sat 4- 10:00 pm
Sun 11- 10:00pm
Year Established:
1991
Hood System Type 1:
Yes

Facilities

Indoor Seating:
160
# of Parking Spots:
100
Inside Sq. Ft.:
4500

Highlights

  • Outstanding Del Mar Location
  • Full liquor license
  • Authentic Chinese decor
  • Piano bar
  • great view
  • extended training available from owner
  • established nearly 20 years
  • Landlord ready to negotiate new terms
  • Seller financing available

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 14,085 81,008 97,618
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,912 28,744 38,877
2010 Persons Per Household 2.22 2.58 2.55
Median House Value $1,000,000 $888,932 $869,711
Income Per Household $114,880 $117,846 $115,975
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 781 3,353 7,096
2012 Number Of Employees 11,180 75,810 286,142
2012 Total Annual Payroll $238,191,000 $2,436,760,000 $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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