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
Operations
# of Full-Time Employees:
2
# of Part-Time Employees:
8
Hours Open:
7 days a week from 11:00am-11:00pm
Facilities
Lot Dimension:
40 ft x 125 ft
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 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.