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Elegant Restaurant & Bar - Cheap Rent, Great Area
Location: United States -> California -> San Diego
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This restaurant was created only one year ago in beautiful downtown San Diego. Originally created for both the purpose of serving food as well as catering large events, all equipment is brand new. Cuisine is described as ''Mediterranean Riviera'' with a California twist. Seating for up to 40 inside as well as two large patios provide plenty of space to customers to eat and enjoy the cozy atmosphere.

The 1300sqft of indoor space is tastefully decorated and is carefully designed for maximum efficiency. Food products are often locally sourced and cater to the growing food culture in the area. Excellent online reviews reflect the customer's appreciation for fresh food as well as a comfortable setting. In addition to the delicious menu the restaurant also offers an excellent selection of wine and beer in the restaurant's bar. The space has a very favorable lease with a fixed rent amount of $3,495 per month.

The restaurant holds the exclusive right to cater any event in their neighbor's large event space, the restaurant also holds the option to lease a secondary patio. Unlike most restaurants in San Diego, this opportunity includes an oversized parking lot for up to 100 cars. This space could easily be converted for night time entertainment with its ample parking, no noise restriction, and permissible valet service. A pending type 57 ABC license will allow all alcohols to be sold on premises and will allow for nightly entertainment.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $300,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller will train for one week
Reason For Selling:  Sellers used restaurant to obtain e2 visa, have other busienss interests




Print Listing Id: 700240407
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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