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#3704
San Diego

Drive Thru - On top of the hill can't be missed, Million plus in sales

$199,999
Sold
Drive Thru - On top of the hill can't be missed, Million plus in sales
This Listing is Sold

Are you looking for a restaurant were you just have to be open to be noticed? Here is a place that can't be missed. Perched high up on a hill as a stand alone restaurant this is an outstanding location that is an attention grabber.   

Huge signage, top of the hill location along a super busy street with a drive thru, this place is calling your name.

Lots of parking to go along with the drive thru make access to this restaurant super easy for your customers.

Gross sales of $1,131,108 in 2011 lead to a net seller stated profit of $147,937. Buyer MUST confirm this statement. Broker has not verified it.

These are numbers from an absentee owner location with a combined food and labor of 64%. Can you do better controlling costs here?

(the answer should be YES!)

Rent as a percent of sales was 8.2%.

Bottom line could be huge with better controls and rent factor of less than 10%

Space is approximately 2600 square feet with rent at $7400 month. Current lease term expires in July of 2015 with a five year option available.

With a strong tenant the landlord has expressed interest in doing a brand new long term lease, are you that tenant?.

This location is one of three similar restaurants and can be purchased as a single unit or as part of the multi unit concept that it currently is.  


This is a Stone Path Brokerage Services Listing

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:
Current term expires July 2015 (one) five year option available or New Lease available
Total Monthly Rent:
$7,400

Financials

Last Year's Annual Gross:
$1,131,108
Last Year's Owner's Cash Flow:
$147,937
Last Year's Food Cost %:
41.2
Last Year's Payroll Cost %:
22.5
Last Year's Rent %:
8.2
EBITDA:
147,937

Operations

# of Full-Time Employees:
12
Hours Open:
10:00am 10:00pm daily
Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Inside Sq. Ft.:
2600

Highlights

  • Big sales numbers
  • Big Profits
  • Great visibility
  • Low rent as a percent of sales
  • Drive thru
  • Located on busy street
  • Easy access

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 83,790 160,671 430,337
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 24,622 50,685 122,635
2010 Persons Per Household 3.34 3.10 3.32
Median House Value $294,900 $318,245 $310,544
Income Per Household $48,111 $51,168 $55,272
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,296 2,762 6,676
2012 Number Of Employees 37,392 78,364 175,680
2012 Total Annual Payroll $678,900,000 $1,507,452,000 $3,038,266,000

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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