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#615
San Diego Restaurants For Sale

Full Service Chinese Restaurant with Beer & Wine License

$69,000
Sold
Full Service Chinese Restaurant with Beer & Wine License
This Listing is Sold
Looking for a small, easy to operate turn-key business? This is an established 15 year old family-run restaurant in Poway. It is well known for the consistent food and hospitable service. The owners are retiring, so come in with your own concept or continue with the same concept to take advantage of the established traffic patterns. The strip center is anchored with a sporting goods store, fitness center, national restaurant brands, as well as boutique restaurants and retailers.

This location has current avg. monthly gross sales of $13,000 in a 1,668 sf space. Poway Road has high traffic counts and is the busiest thoroughfare in Poway. This is a location within a recently remodeled strip center and is central with surrounding dense population (69K in 3 miles, 155K in 5 miles, and a daytime pop of 35K in 3 miles) and average household incomes of $85K in 3 miles. These statistics will provide a great platform for your business.

The best features of this location is the sale price; $69,000. With the verifiable profits through tax returns, the market valuation is $105,000-$125,000. A recent injury has prompted a quick sale. Buy it now and be in business with some extra cash. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
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:
6 mo. remaining + 5 yr Option
Total Monthly Rent:
$3,169
Security Deposit:
$3,169

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
1
# of Family Employees:
2
Hours Open:
11AM - 8PM
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
42
Inside Sq. Ft.:
1,668

Highlights

  • Small, easy to operate turn-key business
  • Established 15 year old family-run restaurant in Poway
  • Consistent food and hospitable service
  • Take advantage of the established traffic patterns
  • Anchored with a sporting goods store, fitness center, national restaurant brands
  • High Traffic Area.
  • Poway Road high traffic counts.
  • 1,668 Sq. Ft.
  • $4,150 Base Rent.
  • 5 year option on the lease.

Financing

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

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, 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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