$395,000.00
Asking Price
Status: Active
Posting ID: 283055
9/26/23
Description
Michelin Guide Acclaimed - San Diego County - Seaside Resort Town – Successful 2800 sq ft restaurant.
RRC# 4604
Location: San Diego County
Description:
SBA loan pre-approved for this highly acclaimed Michelin Guide restaurant located in Seaside Resort city. Annual sales revenues exceeded $1.2 million in 2022 and are for sale for $475,000 with 2022 Profits of $170,000. All employees are long-term and run the day-to-day operations. The owner is semi-absent but extremely experienced and enjoys working with the Chef inspiring and compiling new menu items. The Buyer needs to be well qualified and have a passion for naturally grown food full of flavor and visually appealing.
The small but well-laid-out kitchen is fully loaded, including a vacuum sealer and sous vide immersion circulator, all fully owned with no leased kitchen equipment. 10ft hood with fire suppression system, the kitchen is only 5 years old and has a large storage room incorporating the office and a rear entrance for deliveries. The 1000+ sq ft apartment rental upstairs collects $1,650 monthly adding to the bottom line or a restaurant conversion could be tackled which would greatly increase the dining room seating capacity of 45 seats and a bar serving all-natural beer and wines plus a 2 group Espresso machine which dons the back of this solid concrete bar. Easy to maintain the concrete floor and quality wall fixtures and paintings. Verifiable Financials, Provable Cash Flow, and consistent Earnings are available for review. This business is an SBA loan approved with only 15% down on a fixed-rate, 10-year loan.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Co-Listed by Martin Cramer and Keith Simpson
Financial Information:
Monthly Revenue: $105,422
Monthly Cash Flow: $14,140
Annual Revenue: $1,265,065
Annual Cash Flow: $169,690
Annual Payroll: $542,219
General Info:
Ownership: LLC
Established: 1990
Current Owner: 2017
Employees: 20
Reason For Sale: Other Interests
Monthly Rent: $6,776 including NNN
Expiration: 2027 plus 5 year Lease Option
Facilities:
Square Feet: 2,800
Seating: 45 + 6 Bar
Parking: Street
Licenses: Health and Business plus ABC Type 41 Licenses
Days/Hours of Operation: 5.00 pm - 9.00 pm Tuesday - Sunday - Closed Mondays
To get more information about this Restaurant for Sale business for sale in San Diego County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #283055 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant for Sale, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $395,000.00
Down: Call/Email
Cash Flow: $169,690.00
Revenue: $1,265,065.00
Area: San Diego County
City: None Given
Attributes:
My Notes About This Listing
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Revenue
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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