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#1547
San Diego Restaurants For Sale

San Diego Bar for Sale: Real Estate, Bar, Club, Spirits, Large Billboard Just Off I-5

$900,000
San Diego Bar for Sale: Real Estate, Bar, Club, Spirits, Large Billboard Just Off I-5
This Listing is Expired
Here is a great opportunity to own real estate with a tremendous upside while generating income today. This is a beach area property set up as a bar and night club. It has a type 48 liquor license. Money is tight you say? How about owner financing to help you out with this deal? Opportunity abounds, as a pure investment, this property has approx 3,043 leasable sq. ft. at a market rate of $4,500-5,000/month. Location has four rental units behind the main property that are currently rented for 400 each per month. There is an on site full sized two sided billboard that will generate between $1,500-$2,000 per month. Income potential of over 100k per year here. Cap rate of 8.0 % shows value to be $1.3 million and that does not even include the value of the bar business.
With 500k down the owner would carry the remainder of the purchase price for the right qualified buyer. Here is an investment that positive cash flows! Buy the bar and night club and become your own landlord, never again worry about a landlord that doesn�t have the best interest of his tenant in mind.
Bar and club business is available with property purchase or separately. Bar is a local favorite hangout spot just waiting for the right owner to come in and capitalize on the location and potential. Want to own a bar by the beach? Here is your chance. Please click on one of the orange buttons below for further details.
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

Financials

Last Year's Annual Gross:
$240,000

Operations

Liquor License:
48
# of Full-Time Employees:
2
# of Part-Time Employees:
2
Hours Open:
daily 11am-2am
Year Established:
1995

Facilities

Indoor Seating:
40
# of Parking Spots:
8
Inside Sq. Ft.:
3,043
Lot Sq. Ft.:
6599
Total Building Sq. Ft.:
Residential/Office Sq. Ft.:
493

Highlights

  • Type 48 liquor license
  • Frontage on major thouroughfare just blocks from I-5 with easy fwy access
  • Close to the beach
  • Large Billboard for additional income
  • Nightclub, dancing, karaoke
  • Pool Table
  • Lots of income potential on property alone
  • Increase bar sales by offering food
  • Lot Size 6,599 Sq. Ft.
  • Total Possible Gross Income is about $7,000-$8,000.
  • Rental Units

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 3-mi. 5-mi
2014 Total Population 79,833 269,561
Households 3-mi. 5-mi
2010 Number Of Households 20,202 71,590
2010 Persons Per Household 3.68 3.51
Median House Value $269,800 $306,274
Income Per Household $57,618 $60,311
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,336 3,726
2012 Number Of Employees 29,840 93,840
2012 Total Annual Payroll $592,721,000 $1,589,789,000

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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