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#5167
San Diego

Absentee Operated - Great Build-Out - Packed Center - Good Sales!

$129,999
Sold
Absentee Operated - Great Build-Out - Packed Center - Good Sales!
This Listing is Sold

Select "Want Name/Address" to go see this place. 

Here is a Mediterranean concept restaurant ready for you to turn the key and start counting your money.

Build out for this location is valued at nearly 500k, are you looking to save yourself a quarter million dollars and step right in to a well established restaurant? If so, this is the place for you.

Beer and wine license is in place.  

This beautiful restaurant is located in an extremely busy center in a very affluent and centrally located area of San Diego.

Access from the freeway and nearby residential are both outstanding, the shopping center itself can be seen as you exit the freeway, 30 seconds later you are at their front entrance.

Many big draw tenants help bring a huge flow of traffic to the center.

You will be impressed by the atmosphere and modern decor.The set up and build really are amazing, no expense was spared as they built this restaurant out.

Kitchen has everything you could ask for. Double hood systems, wood burning stove, tandoori oven, walk in cooler and freezer, gyro stand, you name it and it's here ready to go.

The restaurant is coming into it's third year and sales are continuing at a strong pace with average monthly sales close ot 60k. 

2016 sales were $692,139 and 2017 sales are expected to be in the same range.

Seller has a full time job and spends very little time at this restaurant, if you are planning to be an owner operator the expectation for bottom line profits would be in the six figure range!

Currently a general manager is in place with a salary of 50k plus payroll taxes.

Yelp and other online reviews are fantastic.

This is a staff run operation, imagine the possibilities with you in here running the restaurant and operating it at peak efficiencies.

All equipment and furniture are in near new condition.

The restaurant is 2251 sq feet with monthly rent of  $7,600 plus nnn. Lease runs through 2020 with a five year option available.

Come by today to see if this is the location you have been searching for.

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 Nov 2020 with five year option available
Total Monthly Rent:
$7,600

Operations

Liquor License:
beer and wine
# of Full-Time Employees:
4
# of Part-Time Employees:
10
Hours Open:
11:00- 9:00 daily
Year Established:
2015
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
60
# of Parking Spots:
100
Inside Sq. Ft.:
2251

Highlights

  • Near new condtion
  • Beautiful decor
  • Two hood systems
  • Super busy center
  • Easy freeway access
  • great demographics
  • Beer and wine license in place

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 35,145 164,434
Households 3-mi. 5-mi
2010 Number Of Households 11,574 51,951
2010 Persons Per Household 2.83 3.00
Median House Value $627,000 $503,703
Income Per Household $124,099 $100,718
Businesses 3-mi. 5-mi
2009 Number Of Businesses 905 3,150
2012 Number Of Employees 23,088 78,172
2012 Total Annual Payroll $734,895,000 $2,019,280,000

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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