SellingRestaurants gives you this great opportunity to take over a near new, turn key Mexican food restaurant. The owner has taken care of all the hard work, now you can simply come run the place and build sales at this location with huge potential. The owner has chosen to pursue other business interest and is not able to spend the time in this restaurant necessary to maximize its potential.
This is all new construction inside with all of the proper permitting having been done each step of the way. The open style kitchen was designed by local professionals and showcases this super clean location. All equipment was purchased and installed brand new in late 2008. With both inside and outside dining areas customers have their choice of comfortable space to enjoy their meals.
Located on a major thoroughfare they have a huge surrounding residential and commercial base of customers. It has easy access and plenty of parking for the impulse traffic just driving by. This end cap corner location has lots of windows and a very nice fenced patio area that attracts passers by as well.
The lease is below market and doesn�t expire until April of 2013 with two three year options available. Monthly base rent is $1782 and NNN is $425 bringing total rent to only $2207 per month for this nearly 1500 square foot space.
If you are looking for a ready to go Mexican food shop at build out cost, where an owner operator can come in and make a huge impact on sales and profitability then this is your place.
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 April 30 2013 plus two 3 year options
Total Monthly Rent:
$1,782
Operations
# of Full-Time Employees:
1
# of Part-Time Employees:
3
Hours Open:
Daily 10 am-9 pm
Highlights
- Great Corner Location
- Nice permitted patio area
- Below Market lease
- Professionally designed kitchen
- All new construction
- All new FF&E
- Big Potential here
Financing
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
32,505 |
214,186 |
362,897 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
12,327 |
75,961 |
123,896 |
2010 Persons Per Household |
2.57 |
2.74 |
2.84 |
Median House Value |
$489,200 |
$359,529 |
$353,472 |
Income Per Household |
$69,678 |
$55,277 |
$54,069 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
798 |
4,774 |
6,222 |
2012 Number Of Employees |
14,128 |
121,156 |
142,884 |
2012 Total Annual Payroll |
$229,908,000 |
$2,328,915,000 |
$2,617,542,000 |
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.