San Diego Restaurants For Sale
Drive Thru - On top of the hill can't be missed, Million plus in sales
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
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- Big sales numbers
- Big Profits
- Great visibility
- Low rent as a percent of sales
- Drive thru
- Located on busy street
- Easy access
Financing
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, 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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