Business For Sale

Landmark Italian Restaurant

San Diego, CA
San Diego County


Asking Price: Annual Revenue:
$575,000 $1,125,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Landmark Italian Restaurant Broker: Jose Bravo
License #: 01197451

Quick Facts

Asking Price: $575,000
Annual Revenue: $1,125,000
Net Profit: $200,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1960
Employees: 22
BBN Listing #: 976216576
Broker Reference #: Not Disclosed

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Business Overview:

Perfect and rare opportunity for the restaurant owner/operator. Combination business and real estate available for purchase in San Diego. This is a long established and Landmark Italian restaurant located in the central part of the county. The restaurant is an institution! It has been around since the early 1960’s! Restaurant may be purchased separately or in combination with the real estate. Seller asking $575,000 for the business and contemplating offers between $1,795,000 to $1,995,000 for the real estate.

Sales have been consistently above $1.1m per year and absentee owner nets over $200,000 out of this location. The furniture, fixtures, and equipment are extensive and feature a fully functional kitchen with extra-large hood, walk-in cooler, dishwashing area, prep area and private office. The kitchen is set up for high volume and catering if desired. The assets include a furniture, fixtures, and equipment (approximate value of $75,000), 40+ years of goodwill, DBA, 41-type on sale beer and wine license with few restrictions. Recent tenant improvements include new floors, grease trap panes, and new beer draft system.

If real estate is purchased, property includes the Italian restaurant and an adjacent fast food restaurant that is approximately 1,100 square feet. The fast food restaurant brings in an extra $3,000 per month in income.

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Property Features and Assets:

The restaurant is approximately 3,100 square feet of main dining area, kitchen and outdoor patio which is an extra 300 sf. A new lease will be drafted for approximately $7,000 per month or buyer has the option of purchasing the real estate.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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