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#5246
San Diego

Poway restaurant in super busy shopping center low rent

$159,999
Available

Here is your chance to get into compact and well-designed restaurant in Poway.

Located in one of the busiest centers in the city.

Super high turn shopping center brings heavy traffic to and past your door constantly.

Restaurant is currently a Mediterranean restaurant but could easily be converted to Sushi, burger, chicken or Mexican food concepts.

Seller is retired and does not want to (or need to) work the hours necessary to make this place into a money-making restaurant.

This is a restaurant space that could really do well with the right ownership in place.

 Current concept is doing approximately 15k per month with no effort from ownership.

Currently closed on Mondays and closes at 4:00 on Sundays, Tuesday thru Sat hours are 11-8pm.

Lots of room to expand by simply opening regular restaurant hours.

Well designed kitchen has 12 ft hood system, 24” x 36”char broiler, deep fryer, stove and oven, two cold prep sandwich tables, cold and freezer storage and much more. Sales tracked on a clover POS system.

This place is ready for you! Customers love the outside patio area,

The restaurant has a small footprint with enormous potential, space is approximately 750 sq. feet, with all in rent of 3469/month.

Current lease term expires Aug 31st  2019 with four (three years each) options.

Poway as ideal demographics for restaurants with middle -upper middle income dominating the area.

Provide tasty food and they don’t mind paying for it at all!

If you have been looking for your place in Poway, you need to come look at this restaurant today.

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 8-2019 with four (3) year options
Total Monthly Rent:
$3,469

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
Hours Open:
Tues-Sat 11-8
Monday-closed
Sunday 11-5
Year Established:
2017
Hood System Type 1:
Yes

Facilities

Indoor Seating:
24
Outdoor Seating:
12
# of Parking Spots:
100
Inside Sq. Ft.:
750
Outside Sq. Ft.:
125

Highlights

  • High Traffic center
  • Constant vehicle turnover
  • Small space-easy operations
  • Cheap rent
  • well maintained equipment
  • nice decor
  • Patio seating

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 48,324 96,962
Households 3-mi. 5-mi
2010 Number Of Households 16,164 36,427
2010 Persons Per Household 2.93 2.60
Median House Value $495,800 $493,297
Income Per Household $93,750 $93,072
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,568 2,743
2012 Number Of Employees 61,276 103,786
2012 Total Annual Payroll $1,854,371,000 $3,302,069,000

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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