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#3969
San Diego Restaurants For Sale

You just saved 100K! Beach area Restaurant, live entertainment, full bar, plenty of parking

$299,999
You just saved 100K! Beach area Restaurant, live entertainment, full bar, plenty of parking
This Listing is Expired

Priced slashed owners want out!

Here is the ultimate beach area restaurant and bar located in the heart of an upscale coastal community. The atmosphere is casual and friendly and sales are booming!

No details were overlooked in building out this restaurant. There is a place here for everyone. With a comfortable/ casual dining area, a great open full bar area, a stage for properly permitted live entertainment and a secluded wine bar area with a super high end refrigeration system, this is a restaurant that was designed for success.

The Owners did their research and found this location with the ideal demographics, an outstanding, close to all beach area location, super easy highway and freeway access that even has plenty of dedicated parking.  So they invested and built out their dream location opening for business in 2012.

With a build out of over 700k in one of the best beach restaurant locations in all of southern California they have since decided that living in LA and owning a restaurant/bar in San Diego is a grind.

Can you say “golden opportunity”? Their loss can be your gain. This is the place, buy it, thank them and be ready for your success.

Now is the time to get into this prime beach area restaurant. They are busy year round but with the Del Mar racing seasons set to be expanded to two or even three racing seasons per year, the disposable income in this area is ready to explode.

The restaurant space is approximately 4400 Square feet with a nice pet friendly patio area overlooking the 101. Rent is $14,345/ month plus CAM and includes plenty of parking with the steps away dedicated center parking area. This is a premium space.

Gross sales in 2012 were $918,469 with an adjusted net of approximately 80k.

2013 is looking even better with YTD sales through 8/12 of $640,353.81.

Monthly expenses are approximately 65k leaving 12-15k at the bottom line. All this and they are not even open for lunch during the week.

Location is a local favorite. visit the location and shop around for other beach area locations and you will see that this is a restaurant that has tremendous value and will be a great investment for the right owner.

Listing brought to you by Stone path brokerage services DBA Selling restaurants San Diego. 

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 Jan 2022 with two five year options
Total Monthly Rent:
$14,345

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
18
Hours Open:
Daily 3pm-12am
Year Established:
2011
Hood System Type 1:
Yes

Facilities

Indoor Seating:
148
Outdoor Seating:
8
# of Parking Spots:
250
Inside Sq. Ft.:
4,400
Outside Sq. Ft.:
600

Highlights

  • Upscale Beach area location
  • Solana Beach, Del Mar, Encinitas, La Jolla-in thehaert of it all
  • Great build out
  • Full bar -liquor and entertainment licenses
  • Nice patio
  • Lots of parking
  • Easy access
  • High end wine storage and keg lines/storage
  • Fun atmoshphere
  • Yelp reviews show the love for this place

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 12,820 37,547 142,588
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,304 15,664 56,849
2010 Persons Per Household 2.27 2.27 2.53
Median House Value $950,300 $910,249 $814,981
Income Per Household $87,701 $101,285 $107,680
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 904 2,018 6,474
2012 Number Of Employees 14,916 31,124 129,776
2012 Total Annual Payroll $369,183,000 $701,280,000 $3,467,317,000

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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