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Mission Valley, San Diego

  • Listing No.: 130-00181

  • Category: Food - Restaurant

Asking Price $100,000.00
Down Payment
Gross Revenue $340,500.00
Total Adjusted Net Income $103,033.00
Equipment / Fixtures $65,000.00
Year Established 2018
General Location Mission Valley, San Diego
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Have you always wanted to own your own "Cheers" bar with a steady flow of regulars, a "VIP Club", buy-outs and catering orders that attract a recurring revenue stream each month? Then, this new modern small bar and restaurant with B&W 41 License is for you! It features clean, stylish build and modern décor. With less than a year in business, the bar has already been profitable for the last months. The current industry veteran and absentee owner has set up the business for high growth and increasing profits by operating with only a few employees, smooth processes and a simple but appealing menu. If you are an owner operator, you only need to follow a few simple steps to accelerate growth and profits. The bar is located in the heart of the thriving Mission Valley neighborhood of San Diego in an apartment complex with 3,300 residences. There are also other apartment complexes and the location has 9,000 to 10,000 residences in close proximity.  As it is also within walking distance of Class A office space, high density residential and hotels, this is a unique opportunity in town for someone looking for a local watering hole in the immediate area.  With a chef driven menu featuring gourmet tacos, meatballs, appetizers, salads, and a unique offer of and beer & wine and a unique offering of beer and wine, this bar is enjoying a 5 STARS on Yelp! As the owner, you can change the concept or keep this concept and grow the business. Plus, the new owner has the possibility to apply for a 47 License for beer, wine, & distilled spirits or upgrade to a 42 License.

Gross Revenue $340,500.00 Listed Price $100,000.00
Total Income $103,033.00 Down Payment
Base Rent $3,270.00 Square Feet 1090
Total Rent $3,270.00 Lease Expiration 7/2023
Rent Deposit $3,539.55 Lease Options 1/5 years
Inventory $5,000.00 Leasehold Improvements $65,500
Equipment / Fixtures $65,000.00 Other Assets
Full-Time Employees 1 Training Period 2 Weeks
Part-Time Employees 3 Special License Required 41 On-Sale Beer and Wine for Bona Fide Public Eating Place
Contract Staff Reason for Selling Seller has other business ventures

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.