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#5470
San Diego

Downtown San Diego - Profitable - SBA Loan - Easy Ops - Low Rent

$224,999
Available

Profitable business in Downtown San Diego. Located in the heart of downtown San Diego with one of the best downtown street addresses you'll find.

The storefront is in the shadow of Petco park, 100 yards from the park at the park, one block from the convention center, and two blocks from the entrance to the Gaslamp district. The location is outstanding and the restaurant/dessert shop has a super fun vibe and decor scheme.

It’s an ultra popular neighborhood quick serve restaurant and dessert shop. They specialize in traditional ball park cuisine (which you can bring into the stadium). Their menu items include all beef Chicago style hot dogs, homemade ice cream and of course their famous gourmet popcorn.

Check their website, Instagram and Yelp reviews customers love this place!

Game days are a sight to see with fans streaming through the area. This is a super fun restaurant and dessert shop attracting kids from 8 to 80!

Current owner works only part time at this business, roll your sleeves up for some full time work with a partner and save huge on labor and related expenses!

Two Marriott’s, dozens of other hotels, the Omni, 1000’s of apartments and condos literally surround this ideal location.

They have many corporate accounts with local large hotels like the Marriott, Grand Hyatt, Hilton Bay Front and the Sheraton all placing large bulk orders on a regular basis..

The online presence via their included website allows for nationwide sales and promotion of their highly regarded popcorn brand.

Being Petco’s immediate neighbor is just the beginning of the crowds with customers continuously flowing in and around this crazy busy location.

Get your customers on their way home, out to work or out enjoying the Downtown San Diego scenery, you are right in the middle of it all. Game days, concerts and other special events along with the year round conventions are constant drivers of traffic. You will enjoy coming to work and running your profitable and high margin business.

Talk about staying power the original owners built this location out right along with the opening of PETCO park. It has been in this location since 2005!

According to tax returns the location has been very profitable for a very long time!

The most recent tax returns show an Adjusted net income in 2018 of 103k. This place is a money maker without even trying.

They currently do not even advertise. 

Easily add some new favorites like coffee, yogurt, soft serve ice cream or sugar free options  to expand in store sales and watch profits soar even higher. Want even more revenue? Catering is a huge opportunity that is ripe for expansion. 

The original lease is still in place, the landlord loves this concept for this space. Current lease term expires April of 2020 with an additional five year option available.

This space is 865 square feet plus an enclosed outside patio area. Rent is $4763/month and NNN is $489/month all in rent of only $5252.

Kitchen equipment is all very well maintained and includes a three month old, 10 thousand dollar, high volume popcorn popper.

This is an extremely high margin business (Primes are about 30%) that has consistently shown six figure income, are you ready to have some fun and make good money doing it?      

Go to SellingRestaurants dot com and search for listing 5470 to get the name and location and go visit this store. 

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 April 2020 with a 5 (five) year option available
Total Monthly Rent:
$4,763

Financials

Last Year's Annual Gross:
$316,680
Last Year's Owner's Cash Flow:
$103,165
Last Year's Food Cost %:
16.7
Last Year's Payroll Cost %:
13.2
Last Year's Rent %:
22.4
EBITDA:
103165

Operations

# of Part-Time Employees:
4
# of Working Owners:
1
Hours Open:
Sun-THurs 11am-10pm
Fri&Sat 11am-11pm
Year Established:
2003

Facilities

Indoor Seating:
8
Outdoor Seating:
10
Inside Sq. Ft.:
865
Outside Sq. Ft.:
200

Highlights

  • Profitable businesss- SBA loanable
  • Walk to Petco Park-immediate neighbor
  • Ground floor of and surrounded by condos and apts
  • National Hotel Chain neighbors
  • Super high margin products
  • Fun atmosphere
  • Great decor scheme
  • Outside patio for seating
  • consistently over 300k in gross sales

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,318 66,417 355,261
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,599 38,447 151,879
2010 Persons Per Household 1.47 1.58 2.19
Median House Value $448,700 $493,942 $479,053
Income Per Household $52,550 $56,946 $55,375
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,848 5,592 13,566
2012 Number Of Employees 134,300 179,678 427,386
2012 Total Annual Payroll $3,347,327,000 $4,294,967,295 $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, 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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