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San Diego

  • Listing No.: 130-00181

  • Category: Food - Restaurant

Asking Price $125,000.00
Down Payment
Gross Revenue $362,679.00
Total Adjusted Net Income $106,397.00
Equipment / Fixtures $65,000.00
Year Established 2018
General Location San Diego
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Brand new fast casual bar & restaurant in the heart of San Diego with B&W license! This is an asset sale, and a new owner can change the concept of this business or keep this concept and grow the business. Don’t wait on this opportunity to buy an 8-month young business at an asset sale price. This business has started to achieve profit for the last couple of months. This absentee owner operated exceptional fast casual bar and restaurant was created by a notably famed owner with other restaurant concepts. This bar and restaurant feature gourmet tacos, meatballs, appetizers, salads, and beer & wine in the San Diego area. The business has the potential for high growth, increasing profit, and positive cash flow! This fast-casual restaurant/bar has it all with a clean, stylish build out featuring modern decor and services loyal customers, VIP club members, apartment complex residents, and catering orders. It is comfortable, clean, and inviting for those looking for a fairly easy operation to run and grow. In addition to being located in a convenient location below a residential community apartment building of 3,300 residences, large offices, a hotel and a trolley that goes to Qualcomm stadium. There are also other apartment complexes and the location has 9,000 to 10,000 residences in close proximity. The fast-casual bar and restaurant also has a great online presence with excellent reviews and an average of a 5-star rating. The bar and restaurant has a build out of $65,500 in improvements and $65,000 in FF&E. The location does not have a hood and is not needed to run this easy operation. Floor sinks were just installed and add value because a new owner can obtain a 47 License for beer, wine, & distilled spirits. This opportunity is ideal for a buyer that is a chef, owner operator. Seller has other business ventures and does not have time to grow the business. The projected business financials for 2019: Projected Gross Income: $362,679, and Projected Net Income: $106,397 Inquire now!

Gross Revenue $362,679.00 Listed Price $125,000.00
Total Income $106,397.00 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.