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#3753
San Diego Restaurants For Sale

Chinese Restaurant For Sale - Stand Alone unit - Anchor space in busy center

$199,999
Chinese Restaurant For Sale - Stand Alone unit - Anchor space in busy center
This Listing is Expired

This Chinese Restaurant for sale is located in an upper middle income area where dining out is an every day occurrence with busy white collar executives and this chinese restaurant for sale is high up on their favorite restaurant lists. 

Opened in 1992 this has been a local favorite for over 20 years. Owner is ready to hand it over to the next generation, are you ready to take the reins? 

This is a can't be missed location that is seconds from the freeway and in one of the busiest shopping centers in the area.

The seller states current monthly sales in the 50-55k range and consistant yearly sales for the past three years of 600k. 

Current concept is Chinese food with a beer and wine license, but location would be great for a large variety of concepts. Are you looking for a location for a sports bar? hamburger joint? continue as current concept or bring your own idea to this great space.

Restaurant is approximately 3625 square feet. Current lease term expires in November of 2017. Monthly rent is $8900. 

Listing brought to your by Stone Path Brokerage Services

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

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Current term expires Nov of 2017
Total Monthly Rent:
$8,900

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
4
Hours Open:
Sun-Thurs 11:30-9pm
Fri-Sat 11:30- 9:30
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
140
Inside Sq. Ft.:
3,625

Highlights

  • Stand Alone Building
  • Great Visibility and Signage
  • Little to no competition in the area
  • Bring your concept if Chinese is not your thing
  • Super busy center
  • Great demographincs - upper middle income area
  • Beer and wine license in place

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 31,513 87,856 307,924
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,038 32,048 123,323
2010 Persons Per Household 2.76 2.57 2.39
Median House Value $519,100 $458,901 $400,202
Income Per Household $80,463 $77,812 $60,527
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 306 3,023 10,250
2012 Number Of Employees 4,362 197,484 427,728
2012 Total Annual Payroll $83,105,000 $4,294,967,295 $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, 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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