Selling Restaurants presents this rare opportunity to own one of the premiere restaurants in all of San Diego County. This is a Zagat rated restaurant with a wall full of awards. The north county location is outstanding, just steps from a performing arts center that draws patrons in from all over the county. They are situated in the center of the main thoroughfare of the city. This place is a local, tourist and theater crowd favorite. Features a beautifully decorated interior dining room, a stylish bar area, comfortable patio area and a banquet/party room completely separated from the restaurant and bar.
Sales have been as high as $1.4 million for this restaurant and the most recent tax return reports nearly one million in gross sales. The previous two years adjusted net show average profits of 60k per year. This class of restaurant is the hardest hit by this recession and are the first to skyrocket when the economy takes off again. So get this on the cheap!
The full liquor license allows bar income to flourish. Space is approximately 4,000 Square feet with rent of $6,500 per month. Landlord is flexible and ready to negotiate a new lease with the next owner of this established, high volume restaurant.
Location is currently closed if you have the vision to make this into your dream restaurant for pennies on the dollar now is the time. Click on one of the orange buttons below and lets make it happen.
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:
New lease available
Total Monthly Rent:
new lease
Financials
Last Year's Annual Gross:
$692,618
Last Year's Food Cost %:
30.9
Last Year's Payroll Cost %:
40.5
Operations
# of Full-Time Employees:
2
# of Part-Time Employees:
12
Hours Open:
currently closed fro business
Highlights
- profitable business
- high volume
- full liquor license
- outstanding location
- steps from performing arts center
- banquet/party room
- patio dining area
- beautiful decor
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
49,864 |
106,099 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
14,902 |
31,061 |
2010 Persons Per Household |
3.27 |
3.29 |
Median House Value |
$404,000 |
$352,029 |
Income Per Household |
$45,983 |
$49,239 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
1,714 |
2,212 |
2012 Number Of Employees |
46,454 |
56,798 |
2012 Total Annual Payroll |
$893,448,000 |
$1,032,362,000 |
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.