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#5524
San Diego Restaurants For Sale

BARGAIN PRICED-Low Rent - Mediterranean - Profit - Beer & Wine

$79,999
BARGAIN PRICED-Low Rent - Mediterranean - Profit - Beer & Wine
This Listing is Expired

Owners Health emergency has forced this location to close.

Sellers will consider all offers!

Bring your offer to the table and get an outstanding restaurant location CHEAP! 

Recently remodeled Mediterranean food restaurant with beer and wine license located on a busy street with huge vehicle traffic. 2018 Tax return shows 84k in business income/ K-1 Income.

Rent is at 6% of gross sales.

Located in an area  underserved by restaurants in general and even more underserved by this growing food type.

They have a five-star Yelp review with hundreds of reviews, customers LOVE this place.

Visit SellingRestaurants.com and look for listing 5524 to go visit this restaurant. 

All new build-out for this small footprint restaurant location means super easy operations and very low cost of occupancy.

Build on the business they've already established instead of trying to start from scratch. Seller put in all new equipment and built this place out very nicely. 

Health issues are forcing owners to sell their “baby.”  They love the restaurant and the atmosphere but selling is now an option they reluctantly have to consider.

Opened in February of 2018 sales momentum has been building from day one.

2018 tax return for only 11 months shows  annual sales of $ 357,441.

2019 sales have averaged $33,755/month.

Six month income statement for 2019 shows net income of  $70,216 or annualized expected income of 140k!  

2018 tax return shows net income of $84,440 without add backs.

Kitchen is ready for nearly any concept. If Mediterranean is not the concept you’d like, bring yours here.

They are doing great but if you have another idea - Mexican, Thai, deli, bakery or you name it, this could be the place you have been looking for.

Restaurant is approximately 1,000 square feet with rent of only $1,580/month plus CAM of $370/month.

CAM includes trash and water.

Current lease expires Jan 2022 with a three or five year option available.

Come by today to see if this is the one you have been waiting on to become available.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires Jan 2022 with options available
Total Monthly Rent:
$1,580

Financials

Last Year's Annual Gross:
$357,441
Last Year's Owner's Cash Flow:
$97,928
Last Year's Food Cost %:
168853
Last Year's Payroll Cost %:
37717
EBITDA:
$84,440

Operations

Liquor License:
41
# of Part-Time Employees:
4
# of Family Employees:
3
Hours Open:
11am-9pm Daily
Year Established:
2018
Hood System Type 1:
Yes

Facilities

Indoor Seating:
35
Outdoor Seating:
8
# of Parking Spots:
30
Inside Sq. Ft.:
1,000

Highlights

  • Large income NOW
  • RENT at 6% of SALES
  • doing great sales volume
  • small footprint
  • low operating cost
  • beer and wine license in place
  • FIVE STAR YELP REVIEWS
  • near new condition

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 54,293 77,817
Households 3-mi. 5-mi
2010 Number Of Households 19,310 28,847
2010 Persons Per Household 2.72 2.62
Median House Value $323,500 $356,627
Income Per Household $71,100 $69,948
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,086 1,417
2012 Number Of Employees 25,086 28,756
2012 Total Annual Payroll $428,449,000 $480,636,000

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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