SellingRestaurants presents this free standing burger joint serving all the popular fast foods without the fast food stigma and taste since 1992. All items prepared fresh daily giving the food great quality and flavor. From the signature cheeseburgers to the hand carved gyros to the outstanding carne asada, it's the quality and reasonable prices that bring customers back time and again. Gross sales of over 500k from Sept. 2007 to Sept 2008! With adjsuted net income of 88k, 85k and 52k the last three years. Even in this economic downturn sales have remained stable with owner stating 40k in gross monthly sales! This restaurant is located on the main thorough fare of this high density north county city filled with fast food consumers. And there is a fantastic mix of customers too! It is surrounded by professional, commercial and residential so the restaurant has the opportunity to be consistently busy. The stand alone building can not be missed and has easy access and plenty of parking. It even has patio dining for a nice relaxing meal outside. Rent is 4900/ month. Lease expires Dec of 2012 with a five year option available. Lease terms to be verified by buyers with landlord as lease agreement can't be found by tenant or landlord. This restaurant has two hood systems, a large grill, fryer and stove. The kitchen has all stainless walls for easy cleaning and maintenance. Owners health forces sale. If you are looking for a place that is already doing good business and has the infrastructure in place for just about anything you can imagine, this is your place.
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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:
Expires Dec 2012 plus 5 yr option
Total Monthly Rent:
$4,900
Financials
Last Year's Annual Gross:
$453,461
Last Year's Owner's Cash Flow:
$51,902
Operations
# of Full-Time Employees:
5
Hours Open:
Mon thru Sun 9am-9pm
Highlights
- Free Standing Restaurant
- Nearly 500k in sales last year
- Large Outside Patio Dining
- Low rent factor
- Complete, clean kitchen
- Located on busy, major street
- Drive thru possibility
- Bring your concept this location works!
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
49,864 |
106,099 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
14,902 |
31,061 |
2010 Persons Per Household |
3.27 |
3.29 |
Median House Value |
$404,000 |
$352,029 |
Income Per Household |
$45,983 |
$49,239 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
1,714 |
2,212 |
2012 Number Of Employees |
46,454 |
56,798 |
2012 Total Annual Payroll |
$893,448,000 |
$1,032,362,000 |
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.