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#6401
San Diego Restaurants For Sale

San Diego restaurant- PROFITABLE-SBA loan potential-41 lic

$249,999
In Escrow
San Diego restaurant- PROFITABLE-SBA loan potential-41 lic



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Come see one of the best set up Greek/ Mediterranean fast casual restaurants in all of San Diego.

Tax return profitable since they opened in 2021. SBA loan potential.

This restaurant is centrally located in the middle of San Diego.

Close to downtown San Diego, the Grand/Garnet Pacific Beach area, Midway redevelopment area, USD college, Mission Valley and the Moreno Blvd business district.

Customers are close and have easy access to this location.

Perfect for catering with a large kitchen and easy back door access. Freeway entrances are minutes away, getting you to downtown, mission valley and golden triangle areas, all in 10 minutes or less.

Sales have been increasing each of the past three years.

2021-$391,477

2022-$393,541

2023-YTD thru September 358,027 projected to end near 500k!

Net income per tax returns have been:

2021-185,145

2022 - 77,817

2023 YTD 60,654  

Seller added himself to payroll after 2021

Adjusted net income:

2021-196,235

2022- 174,193

2023- 127,354  (Thru 10/2023)

This restaurant is a cash cow, and they are just getting started. Catering opportunities are huge, and they turn down more than they accept due to lack of employee help.

Net income verifiable per tax returns and PNL'S. 

They show a highly profitable restaurant. 

 

This restaurant is a cash cow, and they are just getting started.

Catering opportunities are huge, and they turn down more than they accept due to lack of employee help.

True Greek experience with this menu, customers absolutely love the authenticity and the reviews show it.

Restaurant has a beer and wine license, two restrooms, lots of storage and endless possibilities for growth.

Rent is $4056/month plus NNN of $468

Restaurant space is 1875 sq. feet.

Current term expires  July 2025 with new five-year lease available.

Come by today to see if this profitable, city center, well-designed and delicious menu restaurant is the one you have been looking for.

Call /text/email, broker Rob Tade 619 892 2765, [email protected] for additional information or to set up an in-person visit.

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 7/2025 with new five year lease available
Total Monthly Rent:
$4,524

Financials

Last Year's Annual Gross:
$393,541
Last Year's Owner's Cash Flow:
$174,193
Last Year's Food Cost %:
29.3
Last Year's Payroll Cost %:
16.1
Last Year's Rent %:
9.6

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
2
# of Family Employees:
2
# of Working Owners:
1
Year Established:
2020
Hood System Type 1:
Yes

Facilities

Indoor Seating:
28
# of Parking Spots:
25
Inside Sq. Ft.:
1,875

Highlights

  • Profitable-SBA potential
  • Money maker with huge potential
  • Central San Diego location
  • Easy Access-great for catering
  • Near new condition
  • Great reviews
  • Beer and Wine license
  • Authentic Greek menu
  • Seller will train-consult

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 25,868 106,431 413,518
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,630 51,813 188,719
2010 Persons Per Household 2.12 1.89 2.07
Median House Value $466,300 $607,045 $502,728
Income Per Household $59,719 $62,672 $59,977
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,545 4,753 18,393
2012 Number Of Employees 53,028 134,132 667,416
2012 Total Annual Payroll $1,053,516,000 $2,742,160,000 $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, 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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