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Downtown San Diego

  • Listing No.: 106-15291

  • Category: Food - Restaurant

Asking Price $129,000
Down Payment $0
Gross Revenue $228,000
Total Adjusted Net Income $48,000
Equipment/Fixtures $40,000
Year Established 1998
General Location Downtown San Diego
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image-for-Shawn Ko

This well known Mexican Seafood Restaurant has been in business for 20 years and has a 4 Star YELP Rating and 4 1/2 Star Google Review with a loyal customer base.  Located in a desirable downtown location - near office and government buildings, and in front of a Trolley Stop.  Seller wants to retire.

Gross Revenue $228,000 Listed Price $129,000
Total Income $48,000 Down Payment $0
Base Rent $0 Square Feet 1024
Total Rent $3,898 Lease Expiration 8/2024
Rent Deposit $4,000 Lease Options 1, 5 year option
Inventory $0 Leasehold Improvements $50,000
Equipment/ Fixtures $40,000 Other Assets
Full-Time Employees 0 Training Period 2 weeks
Part-Time Employees 1 Special License Required
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.