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#3341
San Diego

All New Market Downtown, Great Rent, Big Potential

$39,999
Sold
All New Market Downtown, Great Rent, Big Potential
This Listing is Sold

Are you looking for a newly built convenience market in a bustling area of downtown? Here is your opportunity. The demographics for this location are outstanding. The market draws from the 9-5 work crowd of the financial district that fills the streets at lunch time, the revitalized residential market and one of the largest parking structures in all of San Diego, that is literally their next door neighbor, dropping a constant stream of patrons at their doorstep.

This market simply needs an experienced operator who is ready to capitalize on all the opportunity that this place will afford them. It is currently on the brink of profitability. Both of of the owners have full time jobs and can not devote the time necessary to get this place firmly established in the neighborhood. The potential is there, the gaslamp district and it's late night crowds are just around the corner, but this place is not currently open at night. They have not even done any marketing, you can expand the hours and get some advertising going and you could have a gold mine on your hands.

All the hard and time consuming work is  done. The build out was over 100k alone. The highly profitable relationship with the lottery is all set up. The cigarette licensing is in place for tobacco sales. A food prep area is nearly complete, finish that up and you can add catering and fresh prepped deli style items to your product mix.    

The space is 917 square feet with rent of only $1.25 per foot. You are not going to find a much better rent factor  than that. Total rent including NNN is only $1512 per month. With rent like this you really don't need huge sales volume to make a good profit.

The current lease term expires March of 2015 with a five year option available.

Listing offered through Stone Path Brokerage Services, Inc. 

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:
Expires mar
Total Monthly Rent:
$1,512

Operations

# of Family Employees:
5
Hours Open:
Mon-Fri 8-5:30
Sat 10-4
Sun Closed
Year Established:
2010

Facilities

Indoor Seating:
2
# of Parking Spots:
street
Inside Sq. Ft.:
917

Highlights

  • Great Location
  • All New
  • Lottery is up and running
  • Tobacco sales permitted
  • Near all
  • Super low rent

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 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, 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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