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#4814
San Diego Restaurants For Sale

Great Mission Valley restaurant location-dual concepts in place

$219,000
Sold
Great Mission Valley restaurant location-dual concepts in place
This Listing is Sold

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

Super high traffic Mission Valley/ San Diego Asian restaurant and Bobo tea bar combination location.

Outstanding opportunity to get into a turnkey Mission Valley location.

Located in very busy center with huge car traffic counts.

Restaurant was established in 1985! Talk about staying power, this is a great location.

Seller states sales of over 500k for 2015 and average monthly sales in 2016 of nearly 50k.

Sales have been  trending up for the past 12 months as this area continues to grow with the resurgence of the surrounding condos, apartments, business and  commercial districts.

Restaurant currently is drawing in two separate crowds as the owners have developed a dual concept but are still only making a single rent payment. 

Currently selling Chinese/Thai food along with the Bobo tea bar. 

Sellers looking to relocate so they are willing to let this place go cheap.

Well appointed and designed kitchen has extra-large 12 ft. hood system and all the equipment you would need to serve up the current and very well-received Asian food concept as well as variety of different concepts. 

Keep current concepts or convert to your own concepts in this turnkey restaurant location. Mediterranean, Indian, frozen yogurt,the combinations are endless is one of them yours?

There are two separate entrances to this great space allowing for operation of the two different concepts currently in place.

Restaurant space is approximately 3396 sq. ft.    

Rent is $6600 per month and includes CAM, Water and trash.

Current term expires May of 2021 with a five year option available.

Seller has done lots of renovation and improvements to the space at big expense to him.

Let their improvements and investments in the space be your gain.

Come by today to see this dual concept restaurant in person.

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 May 2021 with five year option available
Total Monthly Rent:
$6,600

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
6
# of Family Employees:
2
# of Working Owners:
2
Hours Open:
11-9:30 Mon-Th
11-10 Fri
12-10 Sat and Sun
Year Established:
1985
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Outside Sq. Ft.:
3396

Highlights

  • Dual concept in place
  • Mission Valley location
  • Super busy street
  • qualcomm stadium nearby
  • Lots of parking

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 27,585 140,488 405,944
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,971 52,797 156,544
2010 Persons Per Household 2.39 2.56 2.47
Median House Value $455,800 $427,010 $380,114
Income Per Household $81,000 $62,719 $55,249
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 965 2,458 9,827
2012 Number Of Employees 28,464 50,116 389,506
2012 Total Annual Payroll $716,212,000 $1,020,490,000 $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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