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#6241
San Diego Restaurants For Sale

San Diego restaurnt-high traffic center-complete remodel-lease risk

$109,999
Available
San Diego restaurnt-high traffic center-complete remodel-lease risk



ADD TO FAVORITE

Come see this location as a customer at your convenience.

San Diego Indian food restaurant with Beer and wine license. Great lease, good volume, turn key restaurant.

Keep this popular concept or bring your own idea to this well located turnkey San Diego restaurant.

Located in super busy center with long time San Diego favorites that are constant draws to the center and area.

Yelp and other online review sites and their customers have very high praise for this long established local favorite restaurant.

Food is authentic and extremely well received by their patrons.  

Close to major San Diego attractions including the airport, beach, Sea world, Down Town San Diego and the sports arena

They did over 500k in 2022. Sales reported by seller are approximately 40k per month. 

Rent factor is well below 10% allowing for plenty of cash to flow to the bottom line.

They have a separate party room for overflow seating and private parties.

Large enclosed outdoor seating area is also included, customers love this seating area.

All new high end tile flooring and underground plumbing installed in 2021. 

Kitchen is nicely equipped with 10ft hood system, six burner stove, tandoori oven, griddle, cold prep table and plenty of cold storage units

Restaurant space is  2291 sq feet with monthly all in rent $3700 rent includes water.

Current lease term expires Sept 2023 with one five year option available.

Area is part of the Midway re-development plan and the current landlord will not be renewing their ground lease with the city of San Diego as of 12/31/2028.  

There is no certain plan in place yet after the lease expires, so there is a risk that the space will not be available beginning 1/1/2029.  

Seller is motivated and this restaurant has it all and is ready now.

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 Sept 2023 with five year option
Total Monthly Rent:
$3,700

Operations

Liquor License:
41 beer and wine
# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Working Owners:
1
Year Established:
2018
Hood System Type 1:
Yes

Facilities

Indoor Seating:
56
Outdoor Seating:
34
# of Parking Spots:
100
Inside Sq. Ft.:
2,291
Outside Sq. Ft.:
500

Highlights

  • Super high traffic area
  • Recent remodel
  • Great online reviews
  • Large outdor patio area
  • private party area
  • Minutes to Downtown
  • Walk to sports arena

Financing

Will SBA Finance:
No
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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