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San Diego

  • Listing No.: 106-14855

  • Category: Food - Restaurant

Asking Price $275,000
Down Payment $275,000
Gross Revenue $889,913
Total Adjusted Net Income $126,539
Equipment/Fixtures $54,863
Year Established 2004
General Location San Diego
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Profitable full service restaurant with twelve plus years of excellent customer service.  Growing sales with consistent earnings and with staff and management in place.  Seller added a new bar area with a type 41 beer and wine license 2 years ago with 11 tap handles serving local craft beer.  Steady clientele has grown this restaurant year after year with many great reviews and recommendations.  This 2,916 square foot restaurant has an occupancy of 91 with 20 plus tables with rent at $1.27 per square foot plus triple net.  Verifiable financials show sales increasing at a rate of 20% or more per year.  Seller states this is a great opportunity for a buyer looking to buy a restaurant that is in an upswing.  Management in place now allows seller to work less hours and this restaurant could be set up to run absentee. 

Gross Revenue $889,913 Listed Price $275,000
Total Income $126,539 Down Payment $275,000
Base Rent $3,681 Square Feet 2916
Total Rent $3,831 Lease Expiration
Rent Deposit $3,645 Lease Options
Inventory $7,000 Leasehold Improvements $39,738
Equipment/ Fixtures $54,863 Other Assets
Full-Time Employees 6 Training Period 2 weeks
Part-Time Employees 10 Special License Required Liquor/ Health Permit
Contract Staff 0 Reason for Selling Taking Time Off

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.