Elegant Restaurant & Bar - Cheap Rent, Great Area
www.GlobalBX.com
Listing ID:
700240407
Listing Title:
Elegant Restaurant & Bar - Cheap Rent, Great Area
Quick Link:
http://www.globalbx.com/listing.asp?bId=240407
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
City:
San Diego
Asking Price Range:
< $250K
Gross Revenues:
$300,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
2012
Number of Employees:
1 - 3
Business Description:
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.
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