November 21, 2009
 
 
Restaurant & Lounge  •  $400,000

Location: Hillcrest Area
Seller: Robert Rodriguez
Phone: 310-652-8353
 
 
About This Business
BizBen Ad #: 128346
Status: Available
Start Date: 10/19/09
Last Revised: 12/31/69
Location: Hillcrest Area
County: San Diego
City: San Diego
Contact Information
Seller or Contact: Robert Rodriguez
Primary Phone: 310-652-8353
Alternate Phone: Not Provided
Email: contact@theveldgroup.com
 
 
Financial Information
Asking Price: $400,000
Down Payment: $400,000
Annual Cash Flow: $200,000
Annual Revenue: $1,800,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: No
 
 
Business Summary
This Ultra Modern Hillcrest Restaurant’s Urban Chic Design Exemplifies Style, With Substantial Substance. Carefully Designed And Constructed With Top Of The Line Furniture, Kitchen Equipment And Sound System, This Remarkable Restaurant Includes A Wine Cellar, Dual Kitchen Line, Walk-In Refrigeration, Private Party Room, Outdoor Patio, Lounge, Office And Plenty Of Storage Space. The Restaurant’s Ideal Location, In A Stand-Alone Building With Main Street Exposure Gives It A Significant Advantage Over Other Area Restaurants.

This Business Is Housed In A 5,000 Square Foot Facility With A Monthly Lease Rate Of 11,000. The Sale Includes All The Furniture, Fixtures And Equipment Of The Restaurant, Which Are Less Than 2 Years Old, As Well As A Full Liquor License. All Of The Equipment Is In Excellent Condition. The Sale Does Not Include The Name, Website Or Menu.

Competition Is High As Hillcrest Is Known For Quality Restaurants With A Bit Of An Edge. This Is An Excellent Location In A Growing Area, With A Lease Rate Substantially Below Market Rate.

As This Restaurant Has Already Demonstrated Its Potential For Success, The Layout May Be Re-Designed To Expand Or Relocate The Bar To Create A More Conducive Environment To Cater To The Late Night Drinking Crowd. The Ideal Location, Buildout And Market Potential Should Provide A New Owner With A Modified Concept The Ideal Opportunity For Success.

Please Note That It Is Necessary For All Prospective Buyers To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Not Only Indicating Ability To Purchase, But Identifying Where Funding Will Come From. Requests For Specific Data Without Such Will Not Be Entertained, Nor Will Responses Such As Not Applicable, Bank Loan (Without Indicating % Down), Or Investors. This Opportunity Is Not Available For Co-Broker At This Time.