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#2268
San Diego

Profitable Breakfast and Lunch cafe very affordable rent-Owner has retired it's yours for the taking!

$95,000
Sold
Profitable Breakfast and Lunch cafe very affordable rent-Owner has retired it's yours for the taking!
This Listing is Sold
Restaurant ownership opportunity of a lifetime. This is a local favorite established in 1980 that's rarely come up for sale. The owner has retired and wants to give this place away. This cafe has it all and at this price is truly a steal.

This country style café has a home town feel and great food making its customers feel at ease and keeps them coming back for more. This profitable café is currently not even open for dinner. Want to make money owning a restaurant and be home before dinner every night, then here is your chance. Want to make even more money owning a restaurant? Open this place up for dinner and satisfy the huge demand simply waiting to be tapped.

Make city money in the laid back pace and country feel city of Fallbrook.
This profitable café has averaged nearly 500k in gross sales over the past five years. Those same five years show tax return profits each year and adjusted net profits averaging in the 75k per year range.

The location is outstanding, situated on a main thoroughfare, literally in the middle of the town. There is ample parking with easy access both in and out.

Rent as a percentage of sales has averaged an unbelievably low 5% from 2005-2009. You will not find a lease and rent factors like this anyplace else. Inside square footage of 2600 with total monthly rent at $2000 per month. That is not a typo!

There is an enclosed heated patio with a nice Westerly view and even a special events patio area outside adding to the many different seating options.

The current lease term expires October 31, 2012. Landlord is ready and receptive to negotiations with the next owner, 3,5,10 years, bring your terms to the table! If you're looking for a breakfast and lunch café serving all the favorites, including pies and malts, this is your place. With the current profits and potential for even greater profits this place is a bargain that simply can’t be missed.

Want the name and address? Click the golden button below!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:
Expires October 31, 2012
Total Monthly Rent:
$2,000
Security Deposit:
$2,000

Financials

Last Year's Annual Gross:
$462,327
Last Year's Owner's Cash Flow:
$74,777
Last Year's Food Cost %:
34.8
Last Year's Payroll Cost %:
21.2
Last Year's Rent %:
4.9
EBITDA:
79621

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
6
# of Family Employees:
1
Hours Open:
daily 7am- 2pm
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
26
# of Parking Spots:
30
Inside Sq. Ft.:
2600
Outside Sq. Ft.:
200

Highlights

  • Long time local favorite
  • Established in 1980
  • Profitable - Verifiable Tax Returns
  • Only open for breakfast and lunch
  • Super visibility
  • lots of parking
  • easy access
  • dream come true cafe
  • want to expand? simply open for dinner

Financing

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

Demographics

Population 5-mi
2014 Total Population 48,404
Households 5-mi
2010 Number Of Households 15,962
2010 Persons Per Household 2.88
Median House Value $423,600
Income Per Household $61,067
Businesses 5-mi
2009 Number Of Businesses 879
2012 Number Of Employees 13,664
2012 Total Annual Payroll $229,833,000

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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