Money Making Vietnamese Restaurant in San Diego For Sale

Outstanding location in very busy center with central San Diego location.

Vehicle traffic counts are through the roof.

41 License Beer and Wine in place

Surrounded by commercial and office buildings which drive huge traffic to the center.

Residential area’s are both just across the freeway and a few freeway exits away.

Seller completely remodeled this restaurant in 2016 and has been successfully operating it ever since.,

Yelp and other online reviews are all very good.

Recipes will convey and chef will train you on the preparation of these delicious and very well received menu items.

Sales reported on tax returns for each of the last three years were:

2017-$524,639

2018-$647,154

2019-$548,048

Net income on tax returns: (adjusted net adds back in Depreciation and Owner compensation lines from tax return) 

2017- $64,048 /adjusted net $87,565

2018-$106,238/ adjusted net $125,882

2019-$45,341/ adjusted net $77,051

This is an absentee owner operation and cash cow over the past three years!.

Get in and run the restaurant yourself and see huge cost savings across the board.  

Rent for this 1200 sq. ft sp is only $3174/Month with NNN of approx.$800/month

Lease expires 10-2021 with three-year option available.

POS system in place along with security camera system to monitor operations remotely.

Kitchen has plenty of cold storage, six foot cold prep table, 10 ft Captive Air hood system, American Range deep fryer, 24" char broiler, double wok burner, a Hoshizaki ice machine and everything else you will need to continue this Pho restaurants operations.  

Location is currently set up for Covid guidelines from health dept and sales are coming back up quickly.

The owner has set this place up right and it's ready for the next operator to take it to the next level.  

Come by today to visit this location to see if it is the one you have been waiting on.

Demographics

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