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For Sale: Restaurant - San Diego Area

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Current Status: Active     Posting #: 245990     Last Refreshed: 11/10/18     BRE License #: 01310250    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $60,000     Down:  Call     Adjusted Net:  Call     Revenue:  $372,000    
Attributes:  Training & Support     Cooperation With Brokers?  Call
San Diego Area Restaurant Business For Sale Restaurant Company For Sale San Diego Area Restaurant Companies For Sale Buy, Sell A Restaurant Business Selling A San Diego Area Restaurant Restaurant Business Opportunity

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For Best Results & Response, Email & Phone This Contact: Steve Zimmerman at 415-945-9701.

  Description About This Posting: Restaurant
Heart of Hillcrest. Turnkey and ready to open. Like new!

RRC#: 3092
Asking Price: Offered At $60,000
Location: 3825 Fifth Ave San Diego
Annual Revenue: $369,411
Annual Cash Flow: Contact For Info
Monthly Rent: $7951.58 includes $1678.58 CAM

Listing Description:
PRICE REDUCED. Submit all offers. The restaurant enjoys a prominent location on busy 5th Avenue with University Avenue nearby. Two prominent movie theater size marquis signs are available to prominently display the name of your establishment. Bring your ideas, culinary skills, and take advantage of the hip, young, trendsetting Hillcrest demographic! This beautifully remodeled contemporary restaurant was formerly a wings franchise of a multi-store Mexican franchise opening in December of 2017 and closing in March 2018 with first year sales projected to be close to $400,000!. The owners were unhappy with the franchise and choose to devote their full time attention to their non-restaurant careers. The franchise is not included in the sale. The neighboring tenant sells Mexican food but all other food types are welcome! The establishment has an active ABC 41 license (with restrictions). A partial list of the furniture, fixtures, and equipment included in the sale follows;; (20) 3'x3 1/2 1/2 white tables; (64) red steel chairs; (4) table cushion seats; (5) Samsung 64 1/2 1/2 TV's; Seamless HDMI Matrix; (2) Samsung 42 1/2 1/2 Tv's; (2) receipt printers SNBC BTP-RIWII; (2) Esperatech POS system; Esperatech receipt printer; JVC 64 1/2 1/2 TV; Harman Kardon Surround Sound System; (2) full size bathrooms; Scotsman icemaker; A.O. Smith broiler BT80300; 32 1/2 1/2 Samsung TV; (2) JVC Tv's; Everest Refrigerator EBD4; 2 compartment sink; True Refrigerator TVC-27; Dandky Designer microwave; True Refrigerator TSV-6016; Star UTV Max Stove; 4'x2 1/2 1/2 Stainless Steel prep table; Royal fryer PPT-50; Frymaster IES635T0; Intertek 12 1/2 1/2 Hood model 4524NO2; Bukckeye fire equipment suppression system; 2 Eagle group sink compartment; 4 sink compartment; Nortech Walkin refrigerator 15'x5 1/2 1/2; Polar Freezer 6'x3 1/2 1/2; (14) small buckets; (24) large glass mugs; (33) medium glass mugs; 4 Triton dispenser; (5) cutting boards; 4 compartmet steel cabinet; 6'x3 1/2 1/2 stainless steel prep table; (3) towel dispensers; (3) trash cans; (10) steel stove pans; (4) frying baskets; 5'x5 1/2 1/2 steel rack. The cola dispenser and adjacent beverage refrigerator are not included in the sale Tenant pays gas and electricity. Tenant is billed for 50% of the water bill. ABC 41 restrictions include quarterly sale of alcohol shall not exceed food sales during the same period and sales records kept and made available to ABC upon demand; Alcohol sales restricted to 6am and 11pm everyday and no off premises consumption permitted; no live entertainment permitted; no dancing. Please complete the on-line NDA and email to jonathan@restaurantrealty.com before requesting a walk through.

General Information:
Organization: LLC
Established: 2017
Current Owner: 2017
Employees: 1 (FT) (9 PT)
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $31,000
Monthly Cash Flow: Contact For Info
Annual Revenue: $369,411

To get more information about this Restaurant business for sale in San Diego Area please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #245990 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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