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#4518
San Diego

Profitable, Mission Valley Restaurant, Huge traffic-seller financing

$175,000
Sold
Profitable, Mission Valley Restaurant, Huge traffic-seller financing
This Listing is Sold

Here is a great opportunity in the heart of Mission Valley. This Mission Valley, San Diego restaurant is literally in the middle of the city, right in the sweet spot for favorable fast casual restaurant demographics. Seller is willing to finance for the right buyer. Mission Valley opportunities like this don’t come along often, now is the time to take advantage of this great restaurant.

Owner just recently took this place down to the studs and concrete for a complete remodel and it’s beautiful. Seller has installed all new flooring, HVAC, and walls coverings.

 Keep the current very popular concept or bring your own landlord approved concept, this location is a winner and will support anyone with good food and service.

Restaurant is perfectly set up for the crowds that swarm this super busy center. Lunch time is standing room only and with minimal effort from a dedicated owner, dinner will be cranking too! Beer and wine license already in place.

Current year to date pnl (to August 15th) shows an adjusted net profit of 51,207. With no advertising they are doing about 32k per month gross sales. This number will only increase with the ever expanding customer base in the process of opening up, have you see all the new development in Mission Valley? Catering and delivery opportunities are largely untapped as owner doesn't’t have time to develop this location.

Space is approximately 1100 square feet and base monthly rent is 6472, Cam is additional 860. They have a very nice exclusive use patio available to them that is in addition to the well set up community outside/patio style dining areas already provided by the center. Current lease term expires July 2019 with a five year option available.

Owner has  another full service restaurant along with a distribution businesses so he simply has run out of time and decided it’s time to let this place go, and he is willing to finance the right buyer.

Jump in now to the successful Mission Valley food service scene, locations don’t get much better than this one.

Please go to SellingRestaurants.com to get the name and address of this business. 

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 July 2019 with five year option available
Total Monthly Rent:
$6,472

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
4
# of Family Employees:
2
Hours Open:
Mon-Sat 11-9
Year Established:
2010
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
30
Outdoor Seating:
40
# of Parking Spots:
100
Inside Sq. Ft.:
1100

Highlights

  • Mission Valley location
  • demographics are great
  • condos and apartments are everywhere
  • ongoing area development is huge
  • location is profitable
  • recently remodeled
  • Seller financing available
  • huge traffic in this busy center

Financing

Down Payment:
$50,000
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 20,591 206,380 552,498
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,463 92,054 221,743
2010 Persons Per Household 1.78 2.12 2.36
Median House Value $285,000 $427,127 $408,736
Income Per Household $63,098 $57,617 $55,687
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,344 8,951 18,657
2012 Number Of Employees 99,518 396,824 679,476
2012 Total Annual Payroll $2,099,126,000 $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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