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Asking Price:	$600,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Moving to larger location
Year Established:	2004
# of Employees:	79 part time
Yearly Revenues:	$2,800,000
Yearly Cash Flow:	$300,000

Business for Sale Overview:

This downtown San Diego restaurant is perfectly located in the heart of the Gaslamp within walking distance of the Convention Center, Petco Park and most high end condo developments. This restaurant gained instant success and has generated average sales in excess of $5,000,000 per year, by capitalizing on its ideal location. The facility includes a full liquor license, and two bars and two dining rooms, capable of accommodating up to 500 persons. The flexible layout is conducive to a bar and restaurant operation, a restaurant and banquet facility concept, or even a combination quick service and fine dining restaurant operation.

Property Features and Assets:

This 5,700 square feet facility leases for $16,500 per month including CAM. The current lease is valid until 2012 with 2 five year options. The sale includes all the furniture, fixtures and equipment of the restaurant, as well as a full liquor license. The facility’s layout provides for a number of potential concepts, and includes an office, and plenty of storage and walk in refrigeration space. The sale does not include the name, website or menu.

Market Competition and Expansion:

There are a number of fine dining venues and high end drinking establishments. This facility and location can be converted to a number of concepts that should excel considering the proximity to the Convention Center and condominium community. A new owner should also capitalize on the built in customer traffic that downtown naturally provides as a major destination point. The facility’s flexible layout and high end guild out will provide a buyer many options for implementing their concept.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be 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.