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#531
San Diego

Well Established Pizza Restaurant on Pacific Coast Highway

$60,000
Sold
Well Established Pizza Restaurant on Pacific Coast Highway
This Listing is Sold
Local landmark pizza restaurant on very busy Highway 101. Serving locals, travelers and beach goers for over 18 years. Currently serving only pizza, salads, soda, beer and wine in a Beach/Volleyball decorative dining room. Open daily at 4:30 for dine in or take out. Could expand menu and hours for added revenue. Approximately 1400 Sq.Ft. with base rent of $2,550 and seating for 50, plus possible sidewalk seating. Owners want to retire.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:
1yr. remaining + 5 option
Total Monthly Rent:
$2,550
Security Deposit:
$1,543

Financials

Last Year's Annual Gross:
$286,853
Last Year's Owner's Cash Flow:
$39,428
Last Year's Food Cost %:
30.82
Last Year's Payroll Cost %:
20.55
Last Year's Rent %:
11.50

Operations

Liquor License:
41
# of Part-Time Employees:
23
# of Family Employees:
2
Hours Open:
Daily 4:30PM
Year Established:
1988
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Inside Sq. Ft.:
1450
Outside Sq. Ft.:
100

Highlights

  • Great Beach Town Location On Hiway 101
  • Super Track Record---18+ Years
  • Loyal Local Clientele---Great Word Of Mouth
  • Approx. 1,450 Sq.Ft.
  • Base Rent $2,550.
  • Potential With Sidewalk Seating
  • Expand Menu And Hours For Additional Sales
  • Hood With Ansul System
  • Turn Key With Little Training
  • Owner Wants To Retire

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 49,449 104,375 142,992
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,649 39,281 57,627
2010 Persons Per Household 2.47 2.53 2.51
Median House Value $685,700 $674,971 $721,269
Income Per Household $90,960 $95,450 $96,966
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,314 3,668 5,775
2012 Number Of Employees 39,320 65,690 111,446
2012 Total Annual Payroll $749,158,000 $1,397,651,000 $2,449,154,000

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, 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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