Profile: Unique Busy Restaurant Bar With Live Entertainment.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Matthew Remuzzi, Broker
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| Primary Phone: |
858-456-1303 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/17/09 |
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| Date Last Revised: |
9/17/09 |
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| BizBen Ad #: |
135465 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$125,000 |
| Down Payment: |
$125,000 |
| Annual Revenue: |
$743,974 |
| Annual Adjusted Net: |
$60,953 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Not Your Typical Restaurant- This Great Location Features Great Food, Great Drinks And Fantastic Entertainment And Makes Great Money Even Though It Is Only Open For Dinner And Only Six Nights A Week. This Is A Well Known Venue And The Kind Of Place People Make A Special Point To Visit. Even With A Down Economy The Business Has Been Doing Well And The Crowds Have Still Been Filling The Seats. There Is Opportunity For A New Owner To Revamp The Menu, Add Lunch Hours, Do More Marketing And Generally Build The Business To Even Bigger Heights. It Would Also Be Possible To Cut Some Costs And Increase The Profits Through Tighter Management Of The Expenses. With Over 5000 Square Feet Of Space, There Is Definitely Room To Grow And More Sales To Be Made By Taking Over And Pushing The Location To Even Greater Heights.
Ff&e Value: 50,000(Included)
Inventory Value: 35,000(Not Included)
Year Established: 2004
Employees: 15 P/T
Facilities: 5000 Square Feet With Full Kitchen, Full Bar And Room For Entertainment As Well As Seating For Over 80 With Indoor And Outdoor Areas. Lots Of Time Left On The Below Market Lease. They Have A Full Liquor License With Entertainment Provision.
Competition/Market: There Are Lots Of Restaurants In This Popular Neighborhood For Going Out, But None To Match What This Venue Offers In Food And Live Entertainment. Lots Of Foot Traffic To Pull In As Well As Advertising That Makes This A Destination Spot For People From All Over San Diego.
Growth Potential/Expansion: The Best Way To Grow This Business Is By Adding Lunch, Adding More Night Time Events And Doing More Marketing. They Have The Room To Fill They Just Need More People In Filling It.
Support/Training: Owners Will Work With Buyer To Ensure A Smooth Transition As Needed.
Reason For Sale: Partners Splitting Up, Going Different Directions.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Matthew Remuzzi, Broker at 858-456-1303 |
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