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#5012
San Diego

Major Franchise Pizza - Profit - Absentee - Beer/Wine

$349,999
Sold
Major Franchise Pizza - Profit - Absentee - Beer/Wine
This Listing is Sold

Great opportunity to get in to a profitable AND absentee owner run pizza restaurant.

This restaurant has CPA prepared profit and loss statements to prove profitability.

If you are looking to get in and be a part of the operations this place will absolutely provide the type of income you have been looking for.  

As a completely absentee owner run location this restaurant has had growing profits of $25,853, $55,707, and $83,606 over the last three years.

Gross sales have been over 700k in each of the last three years as well.

Adding back the industry standard of 50k for a working owner and you will be looking at approximately 133k last year and 105k in 2015, this place is a money maker.

Currently this is a franchised location and seller has paid over 30k in franchise fee's each of the past three years. Could you use an extra 100k over three years? Change the name and keep the change!

The restaurant is a huge hit with the local community and is a neighborhood favorite, check out the online reviews and you will see how popular they have become.

Built from the ground up at a cost of over 500k, this restaurant is a dream come true for absentee owners and even more so for owners looking to be involved in the daily operations.

The restaurant is in near new condition as the current owner requires his management and employees to keep the place spotless and operate the business like they own it.

Kitchen is fully equipped for high volume pizza operations with two Middleby Marshal conveyor ovens, 60 Q Hobart, large walk in cooler along with a convenient reach in cooler, refrigerated prep tables and everything else you need for a high volume pizza restaurant.

Two station POS system is in place along with a security system allowing a very close eye to be kept on operations when you are not in the restaurant.

The restaurant is 2400 sq. feet with rent of $5735 plus NNN. Total rent is $7435 or approximately 12% of  of monthly sales, right where you want to be to allow for cash flow.

Current lease term expires Aug 2019 and there are two five year options available to secure the space through 2029.

Come see this great San Diego pizza restaurant opportunity in person today and see if it's the place you have been waiting 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 Aug 2019 with two five year options
Total Monthly Rent:
$5,735

Financials

Last Year's Annual Gross:
$708,556
Last Year's Owner's Cash Flow:
$83,606
Last Year's Food Cost %:
23.1
Last Year's Payroll Cost %:
30.7
Last Year's Rent %:
10.5
EBITDA:
83606

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
22
Hours Open:
Daily
11-10pm
Year Established:
2009
Hood System Type 2:
Yes

Facilities

Indoor Seating:
75
# of Parking Spots:
100
Inside Sq. Ft.:
2400

Highlights

  • Absentee owner and profitable!
  • Rent is approximately 10% of gross sales
  • great decor and atmosphere
  • beer and wine license in place
  • good demographics in surrounding residential
  • spotless kitchen

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 23,524 89,189 349,330
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,537 37,506 129,878
2010 Persons Per Household 2.41 2.31 2.60
Median House Value $423,700 $397,241 $390,446
Income Per Household $67,616 $64,315 $60,014
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 331 2,441 7,712
2012 Number Of Employees 3,670 65,694 185,462
2012 Total Annual Payroll $52,187,000 $1,526,123,000 $3,617,623,000

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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