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#5152
San Diego

Huge Foot Traffic - Low Rent - Beach Area - San Diego

$149,999
Sold
Huge Foot Traffic - Low Rent - Beach Area - San Diego
This Listing is Sold

Want to See This Business?  Select "Want Name/Address" and go by, but Don't Talk to People About it For Sale!

Rare chance to take over a near new beach area restaurant in San Diego.

Sellers recent complete remodel creates fantastic opportunity to continue and expand the current operations or bring your own concept to this excellent location.

Walking distance from the board walk, sand and surf, the streets sidewalks are filled with customers.

Huge foot traffic area, near lawn with nightly events and gatherings.

Locals and tourist both fill this iconic street looking for breakfast, lunch and dinner and late- night options, are you ready to be one of those options?

Sellers spent over 240k to build this restaurant out and now their plans have changed.

Step right in at close to half off the build out price.

Surrounded by bars, breweries and the beach, the demographics are ideal for the current or any number of restaurant concepts.

In addition to the ideal restaurant location, it’s the value of the lease that will make you want to open tomorrow in this restaurant space.

The open style kitchen has everything you will need and it’s all in near new condition.

Captive air hood with fire suppression, convection oven, grill, fryer, gyro spinner you are all set.

The restaurant is a very well designed 873 square feet and the rent is only $1938/month plus NNN of approximately $600.  

Current lease term expires 9/30/2018 with two five-year options available.

Current owner has been in the restaurant business for 40 years and he is ready to retire.

They have done all the time consuming and expensive work, now is your chance to capitalize on a restaurant that with a motivated owner/ operator is ready to boom!

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 Sept 2018 with two options (five yr) available
Total Monthly Rent:
$1,938

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
1
# of Working Owners:
1
Hours Open:
Tuesday- Sunday
11-7
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
20
Outdoor Seating:
12
Inside Sq. Ft.:
873
Outside Sq. Ft.:
125

Highlights

  • Great lease
  • Steps to Sand and Boardwalk
  • Big foot traffic area
  • recent remodel
  • Equipment in near new condition
  • huge potential with motivated owner
  • keep or change concept

Financing

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 28,241 46,642 187,289
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,601 21,415 93,821
2010 Persons Per Household 2.03 2.12 1.85
Median House Value $650,700 $717,602 $597,553
Income Per Household $60,929 $68,618 $61,811
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 562 1,300 9,954
2012 Number Of Employees 7,126 23,872 294,866
2012 Total Annual Payroll $91,759,000 $417,170,000 $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, 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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