San Diego Restaurants For Sale
Huge traffic location - Quick Serve Mexican - Low Rent
Go visit this restaurant! Select the link to left 'Sign NDA." Nothing to Print, All Digital.
Here is a fantastic opportunity to take over a long established Mexican food restaurant in a super high traffic area.
The current owner has a full-time construction job and wants to raise cash by selling this fully staffed and nearly turn key restaurant.
Located on the corner of one of the highest vehicle traffic count intersections in the city the demographics for Mexican food are exactly what you would want.
Several super high-volume neighbors contribute to a constant flow of customers churning through the area and your parking lot.
Sales have averaged 35k/ per month plus for years with very little owner effort. If you are looking for an established Mexican food restaurant to owner operate this place is calling your name.
Current owner works 2-3 hours per day, with an owner working the restaurant full time you could eliminate 30-40 hours of employee labor per week and added another $2500 to an already profitable operation.
Seller states monthly net income of 4000-5000 dollars. How much would you like to make by being a full-time owner operator?
Are you ready to get to work and make a very good living as the owner of this restaurant?
Name will not convey so you will need to change the name but it’s the location that drives sale here.
Restaurant has a nicely decorated and updated dining area.
The kitchen is well equipped with everything you would need in a Mexican food concept. There is a large 10 ft. hood system, flat grill, burner stove, cold prep table and even a walk-in cooler.
Security system in place allows for complete off-site monitoring.
The restaurant is approximately 1200 square feet.
Monthly rent is $3730 all in. You are right at the ideal 10% of sales mark to really allow for good drop-down income. Current lease term expires Oct of 2018 with a five-year option available.
Seller is ready to negotiate, so bring your best offer and make this place yours.
Broker of Record Rob Tade DRE License #01339409
Lease
Operations
Sun 8am-10pm
Facilities
Highlights
- Super high vehicle traffic
- High traffic center with high volume neighbors
- mostly absentee owner run
- pass thru window for kitchen
- 10 foot hood system
- full kitchen with walk in cooler
- Nice dining area
- good rent factor
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 57,810 | 128,395 | 211,556 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 19,966 | 49,291 | 77,018 |
| 2010 Persons Per Household | 2.82 | 2.55 | 2.68 |
| Median House Value | $380,200 | $395,183 | $375,384 |
| Income Per Household | $46,856 | $54,232 | $57,216 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,815 | 3,758 | 4,695 |
| 2012 Number Of Employees | 52,004 | 99,692 | 114,258 |
| 2012 Total Annual Payroll | $1,030,890,000 | $2,018,522,000 | $2,230,940,000 |
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, 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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