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Downtown San Diego

  • Listing No.: 106-15326

  • Category: Bar/Liquor, Food - Pizza, Food - Restaurant

Asking Price $890,000
Down Payment $890,000
Gross Revenue $1,817,512
Total Adjusted Net Income $231,056
Equipment/Fixtures $665,446
Year Established 2001
General Location Downtown San Diego
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image-for-Todd Bell
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Located in San Diego's historic Gaslamp Quarter, this stunning bar and restaurant provides authentic libations and dining along with live entertainment and events. The 3,500 sqft. "must see" venue contains all high-end furnishings and fully equipped kitchen with Ansul hood and grease trap. The sale includes all furnishings, fixtures, equipment, Assistant General Manager, 25 fully trained staff, ABC 47 and Live Entertainment licenses. The seller is ready to retire and place this amazing opportunity in the hands of the right buyer. Complete financials and tax returns validate business performance with 10% year-over-year growth.

Gross Revenue $1,817,512 Listed Price $890,000
Total Income $231,056 Down Payment $890,000
Base Rent $14,018 Square Feet 3500
Total Rent $15,432 Lease Expiration 8/2025
Rent Deposit $10,750 Lease Options
Inventory $36,215 Leasehold Improvements $236,272
Equipment/ Fixtures $665,446 Other Assets
Full-Time Employees 0 Training Period 4 Weeks
Part-Time Employees 25 Special License Required ABC 47 License and Live Entertainment License
Contract Staff 0 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.