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#603
San Diego

Established 10 years, a quick casual restaurant with loyal customers

$165,000
Sold
Established 10 years, a quick casual restaurant with loyal customers
This Listing is Sold
Established 10 years, a quick casual restaurant with a loyal customer base, and separate supplement business.

If you�ve been searching for a turn-key restaurant or a fully equipped restaurant for your new concept/franchise expansion, check this one out. This neighborhood center is located in the UTC area of La Jolla and has densities of 75K in 3 miles and 202k in 5 miles; the extremely high daytime population of 105k in 3 miles makes this a very busy breakfast and lunch location. The sheer number of businesses in the surrounding area of UTC makes catering a viable offering to grow your business. There are 33k households in a 3 mile radius, with a high percentage of renters in condos and apartments within walking distance, making this a great dinner option for the right menu. The current business has a monthly gross of $40k, and reselling dietary supplements have bumped this up to $45k in some months. The trade name does not convey in this transaction, however the entire system can be negotiated outside the scope of this listing. The location currently has a beer and wine license; however the current menu does not capitalize on this offering. Rent compares to other retail spaces in this area of La Jolla. What makes this a great deal is the opportunity to run it as is, or simply utilize the infrastructure for a new concept. The current owner is the management, however, several key employees have been there 10 years and would welcome an opportunity to stay.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:
5 Yrs + 5 Yr Option
Total Monthly Rent:
$6,290
Security Deposit:
$9,250

Operations

Liquor License:
41
# of Part-Time Employees:
8
# of Family Employees:
1
Hours Open:
8am - 9pm Monday - Saturday, Closed Sunday
Year Established:
11
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
20
Inside Sq. Ft.:
1850
Outside Sq. Ft.:
200

Highlights

  • Established 10 years
  • Loyal customer base
  • Turn-key restaurant
  • Fully equipped restaurant for your new concept of franchise expansion
  • Located is in the UTC area of La Jolla
  • Extremely high daytime population of 105k in 3 miles
  • 33k households in a 3 mile radius
  • High percentage of renters in condos and apartments within walking distance
  • Beer and wine license
  • Clean and well maintained building

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 46,662 139,478 238,512
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,725 57,895 99,419
2010 Persons Per Household 2.20 2.29 2.28
Median House Value $576,200 $658,397 $625,702
Income Per Household $65,871 $75,344 $70,291
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,206 4,737 11,249
2012 Number Of Employees 37,098 120,814 427,926
2012 Total Annual Payroll $1,335,664,000 $3,720,456,000 $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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