Seller's Contact Information
- RE: Michelin Guide Acclaimed - San Diego County
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $395,000 | |
| Annual Revenue: | $1,265,065 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $169,690 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 20 | |
| BBN Listing #: | 599311533 | |
| Broker Reference #: | 4461 |
Business Overview:
Michelin Guide Acclaimed - San Diego County - Seaside Resort City – Successful 2800 sq ft restaurant
RRC# 4461
Location: San Diego County
Description:
SBA loan pre-approved for this highly acclaimed Michelin Guide restaurant located in Seaside Resort city. Annual sales revenues exceeded $1.2 million in 2022, and is for sale for $475,000 with 2022 Profits of $170,000. All employees are long-term and run the day-to-day operations. The owner is semi-absentee but extremely experienced and enjoys working with the Chef inspiring and compiling new menu items. The Buyer needs to be well qualified and have a passion for naturally grown food full of flavor and visually appealing.
The small but well laid out kitchen is fully loaded, including a vacuum sealer and a sous vide immersion circulator, all fully owned with no leased kitchen equipment. 10ft hood with fire suppression system, the kitchen is only 5 years old and has large storage room incorporating the office and a rear entrance for deliveries. The 1000 sq ft apartment rental upstairs collects $1,650 monthly adding to the bottom line or a restaurant conversion could be tackled which would greatly increase the dining room seating capacity of 45 seats and a bar serving all-natural beer and wines plus a 2 group Espresso machine which don's the back of this solid concrete bar. Easy to maintain concrete floor and quality wall fixtures and paintings. Verifiable Financials, Provable Cash Flow & Consistent Earnings are available for review.This business is SBA loan approved with only 15% down on a fixed rate, 10-year loan.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Co-Listed by Martin Cramer and Keith Simpson
For more information please visit: https://www.restaurantrealty.com/listings/4461/
Financial Information:
Monthly Revenue: $105,422
Monthly Cash Flow: $14,140
Annual Revenue:$1,265,065
Annual Cash Flow: $169,690
Annual Payroll: $542,219
General Info:
Ownership: LLC
Established: 1990
Current Owner: 2017
Employees: 20
Reason For Sale: Other Interests
Monthly Rent: $6,776 including NNN
Expiration: 2027 plus 5 year Lease Option
Facilities:
Square Feet: 2,800
Seating: 45 6 Bar
Parking: Street
Licenses: Health and Business plus ABC Type 41 Licenses
Days/Hours of Operation: 5.00pm - 9.00pm Tuesday - Sunday - Closed Mondays
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 2,800; Seating: 45 6 Bar; Parking: Street.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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