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#3224
San Diego Restaurants For Sale

Profitable, High Sales Volume, Drive Thru Restaurant Located on Busy Street

$270,000
Profitable, High Sales Volume, Drive Thru Restaurant Located on Busy Street
This Listing is Expired

Business is booming! Sales are up over last year.   They are averaging over 55k per month during the current fiscal year ending in June. This is a wonderful restaurant business with plenty of volume to justify the price. Check it out! It has a drive thru that's been filling the bellies of its patrons at the same location for 18 years. This is one of those rare sales that doesn't come around often.

The current owner states that it has been profitable from the day she bought it.

This restaurant is a long established local favorite with tremendous staying power. They have absolutely cornered the market on convenient and healthy Mediterranean style food. This restaurant is hugely popular as evidenced by the sales that have been at or near 600k for the last six years running.

Averaging 55k plus in gross sales per month!

2011/2012 fiscal year ends 6/30/2012 and they are on pace to do about 670k and net close to 100k!


Owner provided pnl's show net annual income of  approximately 70k. The 70k net includes 20k in loan payments and another 5 k in miscellaneous items not related to the business. That is a 95k adjusted net income here! This is all  without any owner participation in operations. Imagine if you rolled up your sleeves and got to work. Get in there and reduce labor and other variable expenses by being a hands on operator.

Expand the hours, serve breakfast, do some local marketing, add delivery or catering sales, there are big opportunities available to better an already good thing.

We don't verify stated sales or income figures but the owner will be happy to go over the books with you, which we strongly encourage you to do.

This stand-alone restaurant with an easy path drive thru is located on one of the highest traffic count streets in Fallbrook. A giant pole sign only adds to this locations already great visibility.

The space is approximately 2200 square feet with another 250 square feet of fenced patio area. Rent is 5495/month plus NNN, that's about 10% of gross sales reported. Landlord is ready to sign a new lease, is your name going to be on it?
  
Don’t miss out this great opportunity.

A Stone Path Brokerage Services, Inc. Listing 

 

 

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:
New Lease available
Total Monthly Rent:
$5,495

Financials

Last Year's Annual Gross:
$628,037

Operations

# of Full-Time Employees:
3
# of Part-Time Employees:
4
Hours Open:
Daily 11am- 9pm
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
53
Outdoor Seating:
8
# of Parking Spots:
50
Inside Sq. Ft.:
2,200
Outside Sq. Ft.:
250

Highlights

  • HIgh Volume with Drive Thru
  • Stand alone building
  • Great Visibilty and huge pole signage
  • Located on busiest street in town
  • Established for 18 years
  • Healthy popular concept
  • Sales increases in 5 of last 6 years!
  • Fully equipped and well maintained kitchen

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

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, 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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