High Margin Pho Restaurant-Corner Location, Busy

Poway, CA
San Diego County


Asking Price: Annual Revenue:
$259,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: High Margin Pho Restaurant-Corner Location, Busy Broker: Milford G Jones
License #: 01339409

Quick Facts

Asking Price: $259,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 6
BBN Listing #: 575162894
Broker Reference #: 6040

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Business Overview:

Very well-established Pho restaurant with ideal location. Located on super busy road with high traffic neighbors including the DMV, National coffee shop and CVS drug store.

Owners have remodeled this restaurant and it looks great. Beautiful granite tables and counters throug out the dining areas.

Type 41 beer and wine license in place.

Plenty of inside seating and several tables and chairs available outside as well. Significant percentage of their business is to go/take out and online ordering meaning less labor to run the restaurant.

Current owners designed both the menu and the website for maximum customer satisfaction.

Local favorite with outstanding online reviews. Owners both have full time jobs so they cannot give the restaurant the attention it needs. They will be willing to train and even work weekends until the new owners are comfortable with operations.

They have survived the pandemic and this place has enormous potential.

Sales in 2018 were: $295,072

Sales in 2019 were $440,960

Sales in 2020 were $236,392

2021 average monthly sales at 22,000 /month with reduced hours currently they are only open 5 days/week. Time to open back up to full hours!

Net income for past three years has been:

2018- $65,891

2019-$105,089

2020-$36,693

Now that restaurants and the economy have opened back up, their sales and profits are expected to be back to where they had been in 2019.

Kitchen is well set up for volume with a large hood , lots of cold storage including walk-in cooler.

Rent for this 2,100 square foot restaurant is $ 5,811/month base plus NNN of $ 308/month.

Current lease term expires 3/2024. Options or new lease to be negotiated during escrow.

Come visit this restaurant today to see if it's the one you have been waiting on.

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Property Features and Assets:

Outside Patio.

Reason for Selling:

Private Matter.

Additional Details:

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

Relevant Links:

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