**Just Reduced** S. LITTLE ITALY - Tapas Cold-prep Kitchen with ABC 41

San Diego, CA (San Diego County) (Relocatable)

**Just Reduced** S. LITTLE ITALY - Tapas Cold-prep Kitchen with ABC 41
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Asking Price: $168,900

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $35,000

Inventory: $20,000

Rent: $4.65 /Month

Established: 2007

**Just Reduced** S. LITTLE ITALY - Tapas Cold-prep Kitchen with ABC 41

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Business Description

Well established restaurant in South Little Italy. All equipment conveys, including hi-tech security system, fridges and prep tables. Cold kitchen only (landlord will contemplate any type of hood to be installed). The lease is assumable and the seller (on approved credit) will remain on lease until the end of their term. Please do not show up without appointments. Showings ONLY Sunday Morning when restaurant is closed. Financials available upon NDA execution and seller approval.

Attached Documents


Detailed Information

Location:
San Diego, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,282
Lease Expiration:
5/31/2025
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully renovated and upgraded by current tenant with large main room for wine and dine occupancy is about 50. Small private office for manager or owner operator privacy, small separate dish washing room and separate small storage and restaurant bathroom inside the premises. All the current equipment to remain including all kegarators 6 taps and wine refrigerators. A list of the equipment will be provided with signed NDA. Employees are not aware of the sale, therefore no information will be given until LOI is presented along with proof of funds (POF) or loan approval letter. Lease includes the NNN&CAM. Square footage is the interior plus patio footage not included.
Competition:
The massive growth of restaurants & bars in Little Italy its the attention of Forbes Magazine and not many spaces for sale are available especially with an 11-year history. All been & wine inventory to convey. Simply revamp menu, give your own personal touches and probably add a hood Address VOILA! Change the menu, and make it a unique Mexican, Sushi, Poke, Cheese bar, upscale coffee shop, breakfast place, you name it.... make it your own business expansion and come set your footprint to Little Italy. Breakfast locations are booming in San Diego, Little Italy has just a handful of them. Your first brick and mortar, pizza, salads and sandwiches, infinite possibilities. As the area is booming this is a great opportunity. Not many places in Little Italy have live music/entertainment permit, this location has one. About the area: just across the street from successful bars to new condo towers and even more to come late 2019 early 2020. New hotels around the block and new apartments just released one block away. Make it the neighborhood cozy place for locals location. Casual dining, wining and hip place to come out every day of the week. More than 500 hotel rooms within .25 mile radius. Right by The INS office police building with hundreds of potential lunch time patrons. ALL PROS NO CONS. There are no other Little Italy spaces at this asking price!! Make an offer today.
Growth & Expansion:
Location, location. location. https://www.forbes.com/sites/ellenparis/2018/07/19/downtown-san-diego-is-booming-heres-why/#5c4aef5440bf
Support & Training:
Seller can remain for 2-4 weeks training upon mutual agreement, longer time if needed with pre-negotiated pay.
Reason for Selling:
Seller is buying another restaurant close to home.
Business Website:
http://www.theschwarzgroup.com
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Contact the Seller

(from currently available funds)
 
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Jean Paul Schwarz

Business Listed By:
Jean Paul Schwarz

The Schwarz Group

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