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#5494
San Diego

48 License-well established-local fav bar-great rent & outdoor patio

$259,999
Sold
48 License-well established-local fav bar-great rent & outdoor patio
This Listing is Sold

Local favorite Sand Diego neighborhood bar with full liquor license.

Type 48 license in a small footprint bar with huge potential.

Current owner is not a full-time operator leaving a lot of room to increase the bottom line with a full-time owner working the bar.

Five part time employees run the location currently with occasional owner oversight.

Bar currently offers comedy night, Full DJ booth and DJ and live entertainment with bands.

Designed for large crowds the bar are has two wells and a long counter height bar area for quick serve drinks.

They are doing about 50/50 credit card vs cash sales meaning there is a lot of savings on the cash sales since they don’t have to pay the credit card processing fee on those transactions.

The 48 full liquor license allows for drinks only, so you are not required to offer food.

Current owner is making large deposits into his bank account with this operation. They have a pool table and juke box both adding even more to the owner’s pockets and with those there is zero labor costs or operational costs.

Total monthly expenses, including payroll, rent and alcohol purchases are approximately 13k.

Gross sales range in the 20-25 per month area. There is a lot of money making it to the bottom line here.

They  also have a large patio, expanding the seating capacity and giving another great area for customer to hang out..

There is even a large storage/Alley area that is included in the rent where an enterprising owner could co/op with a food truck owner and generate even more supplemental income.

Bar is approximately 1250 square feet with total monthly rent of only $ 1856.

Current lease term expires in March 2022.

If you have been dreaming of owning a bar here is your chance to take over this well-established local favorite.

Close to SDSU with easy freeway access and is just a fun place to be, why not not own it!

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 3/2022
Total Monthly Rent:
$1,856

Operations

Liquor License:
48
# of Part-Time Employees:
5
Hours Open:
Daily 2pm-2am
Year Established:
2010

Facilities

Indoor Seating:
48
Outdoor Seating:
25
Inside Sq. Ft.:
1250
Outside Sq. Ft.:
800

Highlights

  • 48 license
  • Super easy operations
  • Great rent
  • large outdoor patio
  • located on super busy street
  • DJ booth
  • Comedy night
  • Live bands
  • Low monthly expenses-everything else is profit!
  • Lots of cash sales

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 57,866 184,535 521,102
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 21,251 61,242 189,973
2010 Persons Per Household 2.61 2.87 2.64
Median House Value $365,800 $337,871 $369,112
Income Per Household $41,866 $48,763 $54,342
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 856 2,755 9,655
2012 Number Of Employees 13,620 67,044 259,244
2012 Total Annual Payroll $168,986,000 $1,334,362,000 $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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