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.
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 |
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