This restaurant is under-priced due to the Seller wanting to sell it immediately. His lose your gain! Based on financials this restaurant should be valued at $150k plus. A job relocation for the owner has them saying "sell it now" and they want to move quickly. They will consider all reasonable offers. If you're looking for a turn key restaurant this is a great opportunity!
This local sub shop brand, has been at this location for nearly 10 years with sales of $250,000 and a low monthly rent.
Get in while the price is right; this prime location in well established center is highly visible and accessible.
The shop is located at one of the busiest intersections in El Cajon with high traffic counts. The end cap location has outstanding visibility and the location benefits from high draw business shipping and copy center a few doors down.
The small footprint with 1,140 sq ft provides for a great monthly rent at $2,547, which includes CAM. And to make it even better, the restaurants has and exclusive on sandwiches!
This is a simple business to learn and maintain. Nothing complex about sandwiches! This shop has a great profit potential for a single unit owner/operator or set up a multi-unit operation with your infrastructure of people.
Adjusted net last year of 51,000. If run independently you would save 20,000 in royalty payments made to franchisor giving a total of 71k net!
With such low capital entry, this would be ideal for a conversion to your concept.
Take the next step now and select one of the orange buttons below to gain access to the restaurants' name and address.
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
Total Monthly Rent:
$2,547
Financials
Last Year's Annual Gross:
$255,551
Last Year's Owner's Cash Flow:
$51,270
Last Year's Food Cost %:
32.6
Last Year's Payroll Cost %:
26.8
Operations
# of Full-Time Employees:
2
# of Part-Time Employees:
4
Hours Open:
Mon-Sat 10-8pm
Sun 10-6pm
Highlights
- Extremely good value at current price
- Adjusted net income of 50 k+ w/Tax Returns
- Could add an addtional 20 k to net if run independently
- Turn key sub shop
- Easy conversion to independent restaurant
- 1140 sq ft space leads to low rent/occupancy cost
- Great end cap location
- Excellent street visibility
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
65,130 |
149,420 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
22,649 |
52,575 |
2010 Persons Per Household |
2.82 |
2.80 |
Median House Value |
$299,000 |
$341,305 |
Income Per Household |
$49,521 |
$60,138 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
1,104 |
2,384 |
2012 Number Of Employees |
21,784 |
55,322 |
2012 Total Annual Payroll |
$319,604,000 |
$900,099,000 |
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.