Quaint Gaslamp Restaurant With Beer & Wine License
Location California,United States
Asking Price Range < $250K
Gross Revenues $456000
Net Profit / Cash Flow $96000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training 4 weeks at 20 hours / week.
Reason for Sale Personal / moving.
Description ASKING PRICE - $195,000. This quaint restaurant is located in the heart of San Diego's Gaslamp district, walking distance from major attractions such as Petco Park, Horton Plaza, and the convention center. The restaurant's excellent location, beer and wine license, accessibility and sidewalk patio makes it an ideal location for a breakfast cafe, bistro, or tapas bar. The facility is permitted for a capacity of 45 persons in the restaurant and 15 persons in the patio. The restaurant's location benefits from the strong development of condominiums, mall customers and employees, and other local businesses.
The business is located on a major downtown street near Horton Plaza. The 1,500 square foot facility has a monthly payment of $6,400 on a lease valid through 2010, with a 5 year option to renew. The sale includes all the assets of the business, including a fully equipped kitchen, beer & wine license, inventory, and goodwill.
Competition is considered high as other restaurants exist downtown, however this business' location gives it a competitive edge.
Many opportunities for growth exist. This business' location could easily be converted to a number of other food concepts. A new owner may seek to expand the breakfast menu offering, to take advantage of the weekend traffic, create a quaint provincial French bistro, a simple sushi bar, or a happening Spanish tapas and wine bar. Contact for more information on this Restaurant for sale.
Click Here To Contact Seller
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