Gaslamp Restaurant & Lounge With Patio & Full Liquor
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2800000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2004
Number of Employees 50 - 99
Inventory 50000
Relocatable No
Number of Employees 50 - 99
Real Estate Leased
Training Minimal.
Reason for Sale Moving to larger location.
Description This downtown San Diego restaurant for sale is perfectly located in the heart of the Gaslamp within walking distance of the Convention Center, Petco Park and most high end condo developments. This restaurant gained instant success and has generated average sales in excess of $5,000,000 per year, by capitalizing on its ideal location. The facility includes a full liquor license, and two bars and two dining rooms, capable of accommodating up to 500 persons. The flexible layout is conducive to a bar and restaurant operation, a restaurant and banquet facility concept, or even a combination quick service and fine dining restaurant operation. 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.
Asking Price $400,000.
This 5,700 square foot facility leases for $16,500 per month including CAM. The current lease is valid until 2012 with 2 five year options. The sale includes all the furniture, fixtures and equipment of the restaurant and full liquor license. Facility's includes office, plenty of storage and walk in refrigeration space. Does not include the name, website or menu.
San Diego's Gaslamp District is considered one of the most coveted hospitality districts in the state, for locals and tourists alike. There are a number of fine dining venues and high end drinking establishments. This business has proven itself with revenues well in excess of most competing establishments. This facility and location can be converted to a number of concepts that can excel considering the proximity. A new owner should also capitalize on the built in customer traffic that downtown naturally provides as a major destination point. The facility's flexible layout and high end guild out will provide a buyer many options for implementing their concept.
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