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#1563
San Diego Restaurants For Sale

Mexican Restaurant For Sale: Profitable Mexican Food in Del Mar with Beer and Wine

$189,000
Mexican Restaurant For Sale: Profitable Mexican Food in Del Mar with Beer and Wine
This Listing is Expired
Selling Restaurants presents this thriving, beach area Mexican grill. Owner states that restaurant is very profitable. Last 36 months of sales have ranged from 28-34k, month in and month out. Expenses during the same 36 months have ranged from 18-20k per month. This leaves 10-14 k at the bottom line every month. Buyer to verify stated sales and income figures. Known locally for their �healthy� Mexican cuisine this place is perfect for an owner operator looking to make money right away. Located in a busy shopping center minutes from the beach, the track and the main thoroughfare through Del Mar. The restaurant has 1100 square feet inside and an additional 400 square feet of patio dining. Rent including CAM is only $4,000 per month. Current lease term expires in March of 2011 with a five year option available. Sales can be increased even further by opening up and meeting the demand for breakfast. If you are looking for a profitable beach area restaurant look no further, you found it here. Click on one of the orange buttons below to sign the confidentiality agreement and get full listing 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:
Expires March 2011 plus five year option
Total Monthly Rent:
$4,000

Financials

Last Year's Annual Gross:
$360,000
Last Year's Owner's Cash Flow:
$108,000
Last Year's Rent %:
13.3
EBITDA:
$108,000

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Family Employees:
2
Hours Open:
Daily 11-8pm
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
36
Outdoor Seating:
16
# of Parking Spots:
100
Inside Sq. Ft.:
1,100
Outside Sq. Ft.:
400

Highlights

  • Corner location
  • In busy retail center
  • Patio dining
  • Beer and wine license
  • Profitable business
  • Personal issues force sale
  • Buyer to verify the owners stated sale and profit figures

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 54,293 77,817
Households 3-mi. 5-mi
2010 Number Of Households 19,310 28,847
2010 Persons Per Household 2.72 2.62
Median House Value $323,500 $356,627
Income Per Household $71,100 $69,948
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,086 1,417
2012 Number Of Employees 25,086 28,756
2012 Total Annual Payroll $428,449,000 $480,636,000

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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