Trendy Burger & Craft Beer Restaurant in Beach City

Carlsbad, CA (San Diego County)

Trendy Burger & Craft Beer Restaurant in Beach City
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Asking Price: $99,000

Cash Flow: N/A

Gross Revenue: $495,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,000 /Month

Established: N/A

Trendy Burger & Craft Beer Restaurant in Beach City

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Business Description

DESCRIPTION:
Get your hands on this hip and trendy burger restaurant located in Carlsbad, a city world-renowned for its popular attractions like Legoland, beautiful beaches, and astonishing museums. Carlsbad has a median household income of over $110,000, making it one of the more affluent coastal cities in San Diego County. With everything from amazing coastal hikes, gorgeous resorts and golf courses, inspiring art events, and famous micro-breweries, Carlsbad is a huge attraction for tourists and a popular residential area for families.
This casual-dining restaurant is located in a largely commercial area nearby various parks and just a couple blocks from the beach. The shopping center it is located in is extremely popular over the weekends and attracts heavy foot traffic from nearby shops. In regards to the footprint of the restaurant, it has approximately 2000 square feet with a large indoor seating area and a small outdoor patio.
The menu consists of mouth-watering burgers of the highest quality. Guests love the food and have awarded the restaurant 4 out of 5 stars built on over 400 Yelp reviews. With a type 41 liquor license, the restaurant sells both craft beers and a hand-picked selection of wines. The restaurant can easily be converted into another concept with landlord approval. It has a fully equipped kitchen also allowing a simple change of concept. Additionally, the landlord is open to renegotiating the lease! Rather than spend hundreds of thousands of dollars to build a new business of your own, take advantage of this restaurant listed at a fraction of the cost.

FACILITIES & OPERATIONS:
This restaurant has a semi-open kitchen, patio, and a separate seating area amounting to 2000 square feet in total. Total capacity for the restaurant is 40 inside and 12 on the outside patio. There are 6 years left on the lease with 2 separate 5 year options. Rent is $6000/mo. including NNN. The landlord is open to renegotiating the lease.

CURRENT MANAGEMENT & LABOR:
The restaurant is currently operating at an average of a 32.5% labor cost. The restaurant has clean books to reflect these numbers.

EQUIPMENT:
The kitchen is fully equipped with a Type 1 hood, grease trap, and walk-in freezers and coolers.

FINANCIAL SUMMARY:
The owner is open to financing, making it easy for experienced and qualified restaurant owners to turn this business into their own highly profitable pride of ownership restaurant.

PROFORMA ANALYSIS:
Sales = $550k/yr.
Rent (13%) $72k/yr.
Labor (at industry standards of 30%) $165k/yr.
COG (at industry standards of 30%) $165k/yr.
Misc. (credit card/insurance/etc. 10%) $55k/yr.
YEARLY NET PRO FORMA (83% operating cost) 17% net profit = $93K/yr. profit

PRICE: Call for pricing.

Listing #18179JD
visit us at www.PacificRestaurantBrokers.com and fill out our Confidentiality Form

Detailed Information

Location:
Carlsbad, CA
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Business Website:
http://PacificRestaurantBrokers.com
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Pacific Restaurant Brokers

Business Listed By:
Jerry Diza

Pacific Restaurant Brokers

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