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#1121
San Diego Restaurants For Sale

Rare Find - Nearly New Sports Bar On Harbor

$325,000
Sold
Rare Find - Nearly New Sports Bar On Harbor
This Listing is Sold

Selling Restaurants presents this excellent opportunity to own a sports bar near the water. The sales are strong and growing with lots of condo/ time share construction going on within walking distance. Kitchen and front of the house remodeled in 2007. All equipment in great condition. Lots of locals (bikers, walkers, boaters, and beach goers) and tourists. Time share condos and hotels within walking distance. Fully equipped kitchen with hood. Great floor and bar area which seats approximately 46 people. View a TV from any seat while you enjoy a burger and a cold one. Type 41 beer and wine license. Karaoke on special nights makes it standing room only. This 1241 square foot gold mine is easy to run as an owner operator.

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This is a Stone Path Brokerage Services DBA: selling restaurants San DiegoRob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires Dec. 2014
Total Monthly Rent:
$3,102
Security Deposit:
$4,350

Financials

Last Year's Annual Gross:
$398,035
Last Year's Owner's Cash Flow:
$136,183
Last Year's Food Cost %:
19.81
Last Year's Payroll Cost %:
10.43
Last Year's Rent %:
9.93

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
3
Hours Open:
Open daily 11AM- 12PM
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
46
Inside Sq. Ft.:
1,241

Highlights

  • AAA location near the water
  • Great bottom line and more potential with new construction in area
  • Tourist and local hangout
  • Seats 46 plus standing room
  • Lots of TVs
  • Type 1 hood system
  • Base rent for 2008 is $3,102 plus CAM
  • 1241 square feet is easy to manage
  • Steps to Beach and Harbor
  • Tons of foot and car traffic
  • Equipment in great shape
  • Revenues & Incomes are Annualized. Business Opened in June 2007.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 41,646 123,353
Households 3-mi. 5-mi
2010 Number Of Households 15,218 45,993
2010 Persons Per Household 2.63 2.58
Median House Value $426,200 $443,392
Income Per Household $49,534 $59,088
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,197 4,228
2012 Number Of Employees 26,274 140,990
2012 Total Annual Payroll $356,990,000 $3,435,573,000

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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