Return to broker profile

Restaurant Chain – Highly Profitable with Beach Income Property!

San Diego, CA (San Diego County)

General image
Contact Seller

Asking Price: $5,800,000

Cash Flow: $1,042,022

Gross Revenue: $5,076,172

EBITDA: $1,042,022

FF&E: N/A

Inventory: $20,000*

Real Estate: N/A

Established: N/A

*not included in asking price.

Restaurant Chain – Highly Profitable with Beach Income Property!

Save Print Share Valuation Report

Business Description

San Diego Restaurant

This well-established San Diego restaurant chain has been a local favorite for over 20 years. The extraordinarily popular 3-unit chain boasts coveted locations in some of San Diego’s most popular areas, including one multi-use beach area property that is being offered in the sale. The concept is centered around fresh, healthy, simple and “tasty” food. Each location is a consistent earner that is professionally operated and a staple in its community.

Detailed Information

Location:
San Diego, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
40FT + 46PT
Facilities:
The businesses operate from 3 ideally suited locations in prime areas. The first is housed in a 2,500 square foot restaurant facility with 3 residential rental units (1 - 3 bedroom and 2 – 1 bedrooms) on top. This prime beach area real estate is owned and available. The second location is in a 4,000 square foot facility plus a patio that leases for $12,000 per month on a lease through 2023 with two 5-year options. The third is in a 2,500 square foot facility plus a patio. It leases for $9,000 per month on a lease through 2025 with two 5-year options. All of the assets are owned, including beer and wine licenses, are and will be included in the sale. The real estate is only being offered in conjunction with a business sale. $20,000 in estimated inventory will be sold at cost in addition to the purchase price.
Competition:
Competition naturally exists as new restaurant concepts are regularly introduced throughout San Diego. This concept has become a well-known brand that has amassed a loyal following over the past 20 years. Although many have tried to emulate their formula for success, they are not highly susceptible to the impact of new competitors.
Growth & Expansion:
These well-established locations are perennial earners still have significant growth potential. Because they are daytime only locations that are known as breakfast and lunch menus, enormous opportunity exists for an operator to extend hours into the evening or to even introduce a dinner service. With the brand’s brand recognition and accompanying accolades, new locations may also be identified and opened throughout the greater San Diego region or beyond. Similarly, management may also wish to explore licensing the name and concept. The property of one location may be included in the sale. Along with the restaurant, it includes 3 apartments in one of the city’s most sought after beach areas. The apartments may be renovated and leased for significantly more than their current lease rates. Once accomplished the property’s capitalized value may increase considerably, while diversifying the investment’s cash flow stream. With this decreased risk, more attractive returns may be achieved than a typical mixed-use retail and residential real estate interest would typically provide.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
Contact Seller

Contact the Seller

Contact Seller Loading

Robert Rodriguez

Business Listed By:
Robert Rodriguez

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1642633 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Checkers Drive In Restaurants, Inc.

Franchise Opportunity In CA
Cash Required: 250000