Bring any reasonable offer! We've reduced to the price to the asset value of the build out and FF&E's ... we think its a great deal and a steal, let's talk today! You can be the owner of a recently built "A" National Franchise in North County San Diego for a fraction of the build out cost with establish traffic for north of $600k in annual sales.
This location has the latest modern design with the newest menus, and the latest technology. This is your opportunity to capitalize on the previous owners hard work and initial investment. This "A" National Franchise was created in 1965 and has grown to close to 4,000 stores. This restaurant is located in a new shopping center with anchor stores, as well as other specialty restaurants and retailers. Franchise support is provided. The restaurant is 2,611 sq/ft, highly visible from the street, and has plenty of convenient parking. It is in the 3rd year of a 10 year lease, with two additional 5 year options available. Rent is $7,573/mo. Royalty fees are 4%.
If you are seeking to be part of a national franchise, I encourage you to call, but please ... Do not be offended by our pre-qualification process on this transaction, this is a strict requirement of our client and their franchisor.
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 Nov. 10, 2015 + two 5 yr options
Total Monthly Rent:
$7,572
Operations
# of Full-Time Employees:
7
# of Part-Time Employees:
7
Hours Open:
11:00-11:00 Monday-Sunday
Highlights
- Recently built "A" National Franchise in North County San Diego
- Modern design with the newest menus
- Latest technology; Top of the Line Equipment Package
- Original build out for this restaurant was $650,000
- Located in a new shopping center
- Franchise support is provided
- 2,611 sq/ft, highly visible from the street
- Lease through 11/2015, plus two 5 year options
- Rent is $7,571.90/mo. Royalty fees are 4%.
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
38,097 |
167,910 |
242,052 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
10,393 |
54,478 |
77,706 |
2010 Persons Per Household |
3.50 |
2.96 |
2.96 |
Median House Value |
$284,000 |
$357,406 |
$362,564 |
Income Per Household |
$46,580 |
$54,465 |
$59,173 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
833 |
3,453 |
4,255 |
2012 Number Of Employees |
22,206 |
101,362 |
119,856 |
2012 Total Annual Payroll |
$404,126,000 |
$2,112,537,000 |
$2,665,272,000 |
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.