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Coastal San Diego

  • Listing No.: 106-15220

  • Category: Service

Asking Price $399,000
Down Payment $199,000
Gross Revenue $1,330,704
Total Adjusted Net Income $305,773
Equipment/Fixtures $70,000
Year Established 2017
General Location Coastal San Diego
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Located in a high-traffic, upscale beach locale in Coastal San Diego, this premiere eatery specializes in healthy, organic and ethically sourced Mediterranean cuisine. The highly trained staff of 12 run daily operations while the owner(s) handles high level operations, employee supervision and purchasing. All sales and profit are validated with clean financials and 13 years remain on the lease with 2 additional options to extend. The seller has an extended commute to and from Riverside County, so he has decided to place this amazing opportunity in the hands of the right buyer. ABC Type 41  license is to be transferred to the buyer. Kitchen includes 13 ft Type A Hood and grease trap. Sale includes branding and concept "as is", or buyer may set up a new one.  Seller will carry 50% loan for buyer. 

Gross Revenue $1,330,704 Listed Price $399,000
Total Income $305,773 Down Payment $199,000
Base Rent $10,000 Square Feet 3420
Total Rent $15,000 Lease Expiration 4/2032
Rent Deposit $30,000 Lease Options
Inventory $20,000 Leasehold Improvements $200,000
Equipment/ Fixtures $70,000 Other Assets
Full-Time Employees 2 Training Period 1 month
Part-Time Employees 10 Special License Required
Contract Staff 0 Reason for Selling Commute from Home

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.