successful restaurant for sale

San Diego, CA (San Diego County)

Seller Financing Available
successful restaurant for sale
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Asking Price: $700,000

Cash Flow: $250,000

Gross Revenue: $1,000,000

EBITDA: $800,000

FF&E: $100,000

Inventory: $10,000*

Rent: $7,800 /Month

Established: 1995

*not included in asking price.

successful restaurant for sale

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Business Description

successful restaurant for sale

very popular named Livingroom cafe and mexican grill is located in old town,san diego.there are 5 livingroom cafe and bistros in san diego.all of them doing extreamly well.been around for last 25 years.old town is tourist area of san diego.it receives 5 million visitors a year.cafe offers
american and mexican breakfast,lunch & dinner.also smoothies/milk shakes/juice bar,beer/wine,gourmet coffee/espresso drinks,margaritas/pina coladas,local & mexican beers on tap,french pastries/cakes, etc.....
business has been around for last 25 years.does close to 1 million dollar in sales.15 employees.well trained staff in the kitchen and front
beautiful ambience in side and outside.very well organized,owner operated.concept has been perfected and can be multiplied easily.seats 100 people.beautiful outside patio with lights,water fountain,fire places etc,,,,,

Detailed Information

Location:
San Diego, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
3/1/2025
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3000 sq feet of space.fully operational kitchen with hood.walk in refri,enough cold storage.assets worth $100,000.spent close to 1 million dollar to convert historic house in to a restaurant
Competition:
amazing foot traffic.5 million people visits old town historic park.Restautants do amazing business in old town.e.g(cafe cayote and old town mexican cafe does close to $100,000 a day).revenues are mind boggling.most amazing location in san diego.location,,,location,,,location in restaurant business is what i have
Growth & Expansion:
owner grew the business from $400,000 to $1 million dollar in last 5 year.it can do $1.5 million to 2 million with right operator.owner knows exactly what needs to be done.it is a concept that is perfected.just needs to be executed more in detail;
Financing:
will work with right buyer
Support & Training:
owner will train the right buyer for up to 6 months.we want you to be successful
Reason for Selling:
want to retire plus my parents are old and live in florida
Business Website:
http://livingroomcafeandbistro.com
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Business Listed By:
vijay joshi

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