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#3161
San Diego Restaurants For Sale

Hillcrest location, beautiful restaurant, great lease-Half Off!

$149,000
Hillcrest location, beautiful restaurant, great lease-Half Off!
This Listing is Expired

Location, location, location. This newly constructed restaurant is in the heart of Hillcrest. If you are looking for a restaurant in San Diego your search needs to start here.
Hillcrest is literally the geographic center of the 8th largest city in the U.S.A. The demographics though are what drive the demand for restaurants to be in this area. The census shows over 30,000 residents with in one mile of the landmark “Hillcrest” sign and you guessed it, you could throw one of their delicious garlic knots and hit the sign from this restaurants front patio. Hillcrest is home to one the most densely populated communities in the city, all these customers are walking distance away.


Now is your chance to capitalize on this rare opportunity. This restaurant was professionally designed and built from a vanilla shell just a few short months ago. The owner paid cash for the build out and now needs out before the fruits of his labor can be realized. His loss is your gain, as this place could not be rebuilt for less than 300k! Save yourself the hassle and headache of building from scratch, this restaurant is absolutely turnkey.

Have you looked into getting a beer and wine license lately? Again the hard work is done, this location is already approved and the wine is flowing.

This truly is a beautiful restaurant with sales that are surging even in these tough economic times. The value will be obvious as soon as you walk through the doors of this very well received and reviewed local restaurant.

The restaurant has 2000 square feet inside and a nice outside front patio facing the main street in Hillcrest perfect for socializing. The base rent is an unbelievable 3200/month. The total rent is 4200/month including the CAM which includes four gated/reserved and highly coveted parking spaces. The current lease term expires in April of 2015 and two five years options are available.

Don’t miss your chance to own the restaurant of your dreams located in one of the most sought after areas in the city.

This is a Stone Path Brokerage Services DBA: selling restaurants San DiegoRob Tade-Broker listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
Expires April 2015 plus (two) five year options
Total Monthly Rent:
$3,200
Security Deposit:
$4,200

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
11am-11pm Sun-Thursday
11am-1am Friday and Saturday
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
56
Outdoor Seating:
8
# of Parking Spots:
4
Inside Sq. Ft.:
2,000
Outside Sq. Ft.:
200

Highlights

  • Hillcrest location
  • Grest visibility
  • Nice patio with street frontage
  • All new construction
  • Below market lease
  • Beer and wine license in place
  • Minutes from downtown S.D. and airport
  • Professionally designed and built
  • Low cost menu and break even point
  • Close to half of build out cost!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 31,997 191,819 530,192
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 17,827 96,767 214,897
2010 Persons Per Household 1.70 1.84 2.33
Median House Value $546,800 $445,973 $455,749
Income Per Household $62,092 $55,371 $54,328
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,637 10,616 18,841
2012 Number Of Employees 42,816 346,470 704,220
2012 Total Annual Payroll $1,085,825,000 $4,294,967,295 $4,294,967,295

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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