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#1042
San Diego Restaurants For Sale

Authentic Mexican Restaurant in Old Town with Hard Liquor Lic & Option to Buy Real Estate!

$475,000
Authentic Mexican Restaurant in Old Town with Hard Liquor Lic & Option to Buy Real Estate!
This Listing is Expired
Located in beautiful Old Town, this authentic Mexican restaurant is on a busy corner lot. There is heavy foot traffic and a beautiful veranda with plenty of outdoor seating. There are outdoor heaters making this a popular dining spot in all kinds of weather. This restaurant has a wonderful reputation for serving truly authentic Mexican food at reasonable prices. There is a full liquor license included. Old Town is a very popular, historic state park that allows visitors the opportunity to experience the history of San Diego by providing a connection to the past. Visitors discover how San Diego was transformed from a Mexican pueblo to an American settlement.

The SBA preferred lender, Banco Popular has reviewed tax returns of the business and has provided a 'letter of pre-approval' for a 80% SBA 7a loan, amortized over ten years.

Please select the orange button below titled "want name and address" in order to get the location of this restaurant.
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 August 31, 2008 + 5 year option
Total Monthly Rent:
$7,791
Security Deposit:
$14,000

Financials

Last Year's Annual Gross:
$614,971
Last Year's Owner's Cash Flow:
$144,744
Last Year's Food Cost %:
26.9
Last Year's Payroll Cost %:
37.5
Last Year's Rent %:
16.0
EBITDA:
$130,506

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
8
# of Family Employees:
2
Hours Open:
7 days a week from 11:00am-11:00pm
Year Established:
1993
Hood System Type 1:
Yes

Facilities

Indoor Seating:
42
Outdoor Seating:
80
Inside Sq. Ft.:
3,466
Lot Dimension:
40 ft x 125 ft
Lot Sq. Ft.:
5,001
Residential/Office Sq. Ft.:
1000

Highlights

  • Located in beautiful Old Town
  • Authentic Mexican restaurant with Option to Purchase Land
  • Busy corner lot with heavy foot traffic
  • Beautiful veranda with plenty of outdoor seating
  • Truly authentic Mexican food at reasonable prices
  • Full (Type 47) liquor license
  • Old Town is a very popular, historic state park
  • Visitors discover how San Diego was transformed from a Mexican pueblo to an American settlement
  • SBA Loan Pre-Approved Business

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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