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#783
San Diego

San Diego Steakhouse & Bar For Sale

$90,000
Sold
San Diego Steakhouse & Bar For Sale
This Listing is Sold
Are you looking for a turn key business, with affordable rent, outstanding food and a hard liquor license? Seller Financing available up to 80% with the right qualified buyer.!

Look no further, this is the real deal, all wrapped up in one pretty package. Continue as the current concept or bring your own, it is up to you.

2005-2008 gross sales have averaged $755,396, so volume has shown to be huge. This is an opportunity of a lifetime. A local favorite, drawing its loyal customer base from the surrounding 120,000 people living with in a five mile radius. This place is rocking on week ends with live music and a great patio area for socializing.
This is a well designed restaurant offering both inside and outside dining. It is 3000 square feet and the rent is only $3400 per month including NNN. Current lease term expires in August of 2010 with a five year option available. Annual rent increase is only $100.

Five years from now you will only be at $3900/month rent. Finally a landlord that wants his tenant to thrive! If you are looking to get into the restaurant and bar business, you won't regret going to see this outstanding opportunity. Please click on one of the orange buttons below for the address and full listing details.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 8/26/2010 + 5 Year Option
Total Monthly Rent:
$3,400
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$687,900
Last Year's Owner's Cash Flow:
$117,308
Last Year's Food Cost %:
32.5
Last Year's Payroll Cost %:
24.5
Last Year's Rent %:
5.99
EBITDA:
117308

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
8
# of Family Employees:
4
Hours Open:
11-9 Sun-Thursday; 11-10 Fri-Saturday
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
120
Outdoor Seating:
50
# of Parking Spots:
100
Inside Sq. Ft.:
3000
Outside Sq. Ft.:
1500

Highlights

  • Type 47 Hard Liquor License & Great Food!
  • Averaged over 750k in gross sales 2005-2008
  • Rent at only 6.0% of 2008 sales
  • 3,000 sf space
  • Beautiful interior
  • Fun inside bar
  • Outstanding rent! Only $3400 per month total
  • Outstanding patio area for drinks
  • Located inland North County
  • Live music on week ends
  • Seller financing available

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
80.0%
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 16,615 17,819
Households 3-mi. 5-mi
2010 Number Of Households 6,209 7,100
2010 Persons Per Household 3.06 3.03
Median House Value $439,800 $429,296
Income Per Household $81,835 $78,237
Businesses 3-mi. 5-mi
2009 Number Of Businesses 352 380
2012 Number Of Employees 7,850 9,256
2012 Total Annual Payroll $138,153,000 $162,475,000

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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