This restaurant facility is located in a high visibility outside corner of the shopping center, with plenty of parking space. The facility is perfect for a buffet business or convert the restaurant to your concept as there is a full kitchen ready to go! $60,000 was recently invested in remodeling the 5 buffet lines. The restaurant has 4,000 sq/ft. It seats 125 guests. The monthly rent is $4,400 plus CAM. The lease has 3.5 years remaining plus one 5 year option. The shopping center has a super market, Mexican restaurant, Pizza and Thai food. It is in an excellent location to converts to American, Italian, French, and Korean, Japanese, Indonesia or continue to use as a Chinese restaurant. There is a partnership dispute forcing the sale. Financials will not be provided as this is a very low priced deal and the buyer shouldn't rely on the Seller's performance. The business is temporarily closed. Sellers will not provide financial statements to the buyers. Seller will finance to qualified Buyers. Please select one of the bright orange buttons below to get the name and address.
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 Francisco Restaurants For Sale
Lease Term:
3.5yrs+5yrs option
Total Monthly Rent:
$4,400
Security Deposit:
$15,000
Highlights
- Busy Shopping Center Surrounded By Residence.
- Turn Key Facility for Asian Restaurant.
- Well Maintained Kitchen with Hood.
- Restaurant is Highly Visible For The Street.
- The Monthly Rent is $4,400 plus CAM for 4,000sq/ft.
- 3.5yrs Remain on lease with 5 yr. Option.
- 5 New Buffet Lines Installed Last Year.
- Prefect for Conversion.
- Partnership Is Breaking Up.
- Seller will finance to qualified buyers.
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
24,113 |
41,593 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
9,433 |
16,135 |
2010 Persons Per Household |
2.53 |
2.54 |
Median House Value |
$570,600 |
$590,787 |
Income Per Household |
$80,719 |
$81,677 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
448 |
1,155 |
2012 Number Of Employees |
7,056 |
24,436 |
2012 Total Annual Payroll |
$170,967,000 |
$559,191,000 |
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.