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#3942
San Diego

Great downtown/gaslamp coffee/cafe San Diego location

$89,999
Sold
Great downtown/gaslamp  coffee/cafe San Diego location
This Listing is Sold

Outstanding gaslamp coffee/cafe shop.

If you have been looking for a location that is right in the middle of it all, this is the place!

Located in the heart of the downtown gaslamp district you are walking distance from all the big attractions, Convention Center, Petco Park, huge draw restaurants and clubs are steps away, Horton Plaza, a new College is even going in right across the street.

On the ground floor of a large condo development, your base of customers literally live right above you.    

Sales here have increased over 20% in each of the first three years of operations. Bottom line has gone from 6k to 17k to 29k in the past three years as the sales have continued to climb.

Yelp and other online reviews are outstanding. Supplemental income from art sold on consignment is easy money.

This is an owner operated location with tremendous opportunity for growth. The owners have limited  the hours,but you don't have to. Simply expand the hours and your sales will swell. Expand the very simple menu currently in place for even greater growth opportunity. How much money is enough for you to earn?

Location has a relaxed atmosphere that includes a very nice patio area giving it the European cafe style feel.

The two level space is approximately 800 square feet not including the outside patio area.

Lease is at market rate rent (or better) at only $2500/month plus $285 NNN which includes trash and water services.

Don't miss out on this rare chance to own in the heart of the bustling downtown area.

Listing brought to you by Stone Path Brokerage Services DBA Selling Restaurants San Diego. 

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:
Current term expires May 1, 2014 with five year option available
Total Monthly Rent:
$2,500

Financials

Last Year's Annual Gross:
$111,291
Last Year's Owner's Cash Flow:
$29,865
Last Year's Food Cost %:
31.4
Last Year's Rent %:
27.9
EBITDA:
29865

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
1
Hours Open:
7:30-5 Mon-Fri
9-5 Sat
9-1:30 Sun
Year Established:
2009

Facilities

Indoor Seating:
8
Outdoor Seating:
12
Inside Sq. Ft.:
800
Outside Sq. Ft.:
200

Highlights

  • Great Downtown San Diego Location
  • Huge foot traffic
  • Outstanding yelp/online reviews
  • nice patio area
  • Market rate rent
  • room to expand hours
  • room to expand menu
  • lots of growth in the immediate area
  • College opening across the street
  • Steps from big draw restaurants and clubs
  • Be part of the downtown scene!

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,318 66,417 355,261
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,599 38,447 151,879
2010 Persons Per Household 1.47 1.58 2.19
Median House Value $448,700 $493,942 $479,053
Income Per Household $52,550 $56,946 $55,375
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,848 5,592 13,566
2012 Number Of Employees 134,300 179,678 427,386
2012 Total Annual Payroll $3,347,327,000 $4,294,967,295 $4,294,967,295

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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