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#3754
San Diego Restaurants For Sale

Seller to finance! HOT Hillcrest Location - Coffee House for Sale - Great Demographics!

$125,000
Seller to finance! HOT Hillcrest Location - Coffee House for Sale - Great Demographics!
This Listing is Expired

 

Seller financing available, bring your experience and seller may carry! 

Nice Hillcrest location, just across from a huge hospital campus and surrounded by lots of residential.

Long established restaurant first opened in 1998. Keep well received current concept or bring your own.

If you are looking for a bargain here it is.

Seller paid 335k for this business four years ago. He is now motivated to make his loss your gain due to the resurgence of his previous career in residential real estate.

Seller states average monthly gross sales of  25k and monthly net profit of $6400. Buyer must verify this statement. 

Currently they are not doing any advertising and the hours have lots of room to expand. Saturday is only open for half a day and they are closed all together on Sunday. Want to make more money? Open more hours..pretty simple.

In addition to the Hospital campus and the consistent stream of workers, patients, and families, the near by residential neighborhoods have great demographics for casual style restaurants.

Lots of patio space to enjoy the scenery and the outstanding weather.

Yelp reviews are great, the place is a hit with all who go. Are you ready to capitalize on this opportunity?

Rent is $5,700 per month. The space is approximately 1,500 square feet. The large lot that it is situated on also includes separate storage space for dry goods as well as a walk in cooler.

Listing provided by Stone Path Brokerage Services, Inc.  

This is a Stone Path Brokerage Services DBA: selling restaurants San DiegoRob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Current term Expires 12/31/2017
Total Monthly Rent:
$5,700

Financials

EBITDA:
$64,000

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
4
Hours Open:
Mon-Fri 6:30am- 8:00 pm
Sat 7am-12pm
Year Established:
1998
Hood System Type 1:
Yes

Facilities

Indoor Seating:
14
Outdoor Seating:
44
# of Parking Spots:
5
Inside Sq. Ft.:
1,500

Highlights

  • Customers everywhere!
  • Nice Hillcrest location
  • Across the street from Hospital campus
  • Nice patio area
  • Open style kitchen

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 31,997 191,819 530,192
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 17,827 96,767 214,897
2010 Persons Per Household 1.70 1.84 2.33
Median House Value $546,800 $445,973 $455,749
Income Per Household $62,092 $55,371 $54,328
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,637 10,616 18,841
2012 Number Of Employees 42,816 346,470 704,220
2012 Total Annual Payroll $1,085,825,000 $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, 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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