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Business For Sale
CHULA VISTA / EASTLAKE RESTAURANT - FULL LIQUOR LI
Attn:
Robert Rodriguez
Chula Vista, CA, USA
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Listing Number: "SD Rest CV"
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Listing
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Asking Price: |
$250,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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personal |
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Year Established:
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2007 |
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# of Employees:
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12 |
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Yearly Revenues:
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$450,312 |
Business for Sale Overview:
This stylish and classy restaurant and bar presents a buyer the opportunity to acquire a near million dollar investment for a fraction of the cost. The restaurant's build out and decor compare to some of San Diego's most popular nightclubs, as the same professional design team collaborated on every aspect of the restaurant's design and construction. From hand picked fabric and lighting, to top of the line kitchen equipment, this facility exudes attention to detail and class.
Property Features and Assets:
This 2,846 square foot facility also has a 1,000 square foot patio and plenty of parking. The facility leases for just under $7,000 (including CAM expenses) per month with a 10 year lease expiring in January 2017, plus a 5 year option. This discounted lease rate does not reach market rates until 2012 and is based on an escalating schedule that will be disclosed at a later date. The sale includes all the business assets including a full liquor license, a new kitchen, and all of the furniture, fixtures, and equipment. Invested capital exceeded $800,000.
Market Competition and Expansion:
Other restaurants exist in the area, however this has the only fine dining location in the shopping center.
A new owner may seek to maintain the current restaurant concept, or implement a new concept. The facility's bar and patio area make this an excellent location for evening entertainment or weekend sports viewing. A major supermarket and Star bucks anchor this new development in its high growth community.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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