San Diego Restaurants For Sale
Great Sales-Low Rent-Long Lease-Possible SBA loan
Recently remodeled Mediterranean food restaurant with beer and wine license located on a busy street with huge vehicle traffic.
Opened in February of 2018 sales momentum has been building from day one.
2018 tax return for only 11 months shows annual sales of $ 357,441 and net income of $84,446.
2019 tax return sales were $451,266 and net income was $99,214.
2020 tax return sales were $351,254 and net income was $84,206.
2021 continues to roll big with the reopening of the economy
After four months they are averaging over 45k per month and are pace for 540k in annual sales.
Rent has been in 5-7% range per tax returns.
Located in an area underserved by restaurants in general and even more underserved by this growing food type.
They have a five-star Yelp review with hundreds of reviews, customers LOVE this place.
Visit SellingRestaurants.com and look for this listing then to go visit this restaurant.
All new build-out for this small footprint restaurant location means super easy operations and very low cost of occupancy.
Build on the business they've already established instead of trying to start from scratch.
Seller put in all new equipment and built this place out very nicely.
Kitchen is very nice and set up for big volume has walk in freezer and walk in cooler.
Restaurant is approximately 1,000 square feet with rent of only $1,700/month plus CAM of $460/month. Can't beat this rent!
CAM even includes trash and water.
Current lease expires Jan 2025 with five year option available
Come by today to see if this is the one you have been waiting on to become available.
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Facilities
Highlights
- averaging 45k monthin sales for 2021
- Tax return profitable three year in a row
- 2019 net income 99k
- 2020 net income 84k
- rent of 2160/month
- great build out
- Nice decor and equipment package
- lots of nearby residential
- possible SBA financing
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 54,293 | 77,817 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 19,310 | 28,847 |
| 2010 Persons Per Household | 2.72 | 2.62 |
| Median House Value | $323,500 | $356,627 |
| Income Per Household | $71,100 | $69,948 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,086 | 1,417 |
| 2012 Number Of Employees | 25,086 | 28,756 |
| 2012 Total Annual Payroll | $428,449,000 | $480,636,000 |
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.
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