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#4894
San Diego

Newly built out restaurant, busy center on super busy road

$75,999
Sold
Newly built out restaurant, busy center on super busy road
This Listing is Sold

To Visit This Restaurant Please Select the Golden Button to the Left "Get Name/Address."‚Äč

Newly remodeled Thai food location on extremely busy street in National City.

Seller recently rebuilt the entire kitchen with all new equipment and redesigned the dining area with very nice modern theme.

Avoid the months and months of waiting and continued new expenses associated with building out your own place.

Seller has been through the numbing experience for you. All plans are approved, the work is done and the restaurant is open..

All new equipment-done 60k

New grease trap-done 30k

Redesigned dining area-15k

Saving you the time, effort, money and headaches of dealing with new construction-priceless

Now is the time to take advantage of this opportunity to buy this turnkey restaurant.

Seller is from LA and owns another location in that city. Operational logistics force him to sell this location. He was depending on  family to operate this restaurant and it is not working out as planned.

His loss could be your gain.

After opening up for business in May of 2015 seller states average monthly gross sales of 15k or approximately 180k for the rolling 12 month period.

This center is very busy with huge traffic counts driving by it every day. Seller will be the first to tell you that this place could be doing substantially more in sales. The neighboring restaurants are full at lunch but this place is not reaching its potential due to the inconsistent operations.

A steady working owner could have this place doing very well in a very short time. The community wants to support well run restaurants! Keep the current concept or bring your own landlord approved concept. The choice is yours.

Restaurant space is 1788 sq. ft. Rent is $3825/ month plus NNN of approximately $995

Current lease term expires in May of 2019 with a five year option available.   

Please go to www.sellingrestaurants.com to get the name and location.

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 Feb 2019 plus five year option
Total Monthly Rent:
$3,825

Operations

# of Family Employees:
4
# of Working Owners:
2
Hours Open:
11-9 Tues- Sun
Closed Monday
Year Established:
2015
Hood System Type 1:
Yes

Facilities

Indoor Seating:
49
Inside Sq. Ft.:
1788

Highlights

  • Located on very busy street
  • Center is packed for lunch
  • all new and up to code kitchen
  • newly renovated dining area
  • inside corner location
  • larger street sign

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 56,928 144,610 528,723
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,869 38,400 154,117
2010 Persons Per Household 3.44 3.61 3.29
Median House Value $263,500 $258,020 $327,277
Income Per Household $37,987 $40,025 $49,488
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,242 1,856 6,850
2012 Number Of Employees 37,586 64,090 196,294
2012 Total Annual Payroll $574,775,000 $1,025,820,000 $3,554,241,000

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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