Profile: Exceptional Wine Bar & Bistro At The Beach.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Richard Flask, Broker
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| Primary Phone: |
949-281-7333 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
01335012 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/4/09 |
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| Date Last Revised: |
11/4/09 |
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| BizBen Ad #: |
147833 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$350,000 |
| Down Payment: |
$350,000 |
| Annual Revenue: |
$712,000 |
| Annual Adjusted Net: |
$55,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Proprietor-Run Wine Bar And Café On A Prominent, Corner Location With Heavy Foot And Vehicle Traffic. Key Location On The "Hot Block" In One Of Hottest Beach Communities In San Diego. Neighborhood Is Primarily Affluent, Double Income.
An Extensive, Unique Selection Of Beers And Wines, Coupled With Its High-Quality, Moderately-Priced Menu Has Earned This Bistro A Number Of Coveted Awards, Including Local "Best Place To Eat", Union Tribune's Top 5 In San Diego, Beer Advocate's Highest Rating In The Nation, 2008 Wine Spectator Restaurant Award, And Best Of San Diego - Wine Bar.
Catering To The Local Residents And Tourists Alike, The Proprietor Has Carefully Built A Loyal Customer Base, Using Value Pricing And Great Service. 60-80% Frequent Users Who Come In Once A Week Or 3 Times A Month.
Owners Have Deliberately Preferred To Run The Business This Way To Build Patronage. However, This Positioning Has Produced Sub-Optimum Net Margins And Cash Flow. Looked At Differently, There Is Great Potential For Margin And Cash Flow Improvement Through Volume/Margin Management.
Permitted And Licensed Outdoor Patio Dining. 48 Seats Inside And 18 On The Patio. Complete Remodel Of Space Prior To Opening In 2004 At A Cost In Excess Of 200,000. Lease Option Runs Through June 30, 2010 With Option To Extend For Another Four Years At Market Rent.
Excellent Growth Opportunities Include Expanding Day-Part Service And Food & Beverage Margin Increases.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Richard Flask, Broker at 949-281-7333 |
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