Business For Sale

Restaurant & Lounge with Beer & Wine - San Diego

San Diego, CA
San Diego County

Asking Price: Annual Revenue:
$109,000 $706,880

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant & Lounge with Beer & Wine - San Diego Broker: Robert Rodriguez

Quick Facts

Asking Price: $109,000
Annual Revenue: $706,880
Net Profit: Not Disclosed
Cash Flow: $105,460
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 15
BBN Listing #: 49234929
Broker Reference #: LoungeVSD

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Business Overview:

This North County Inland San Diego restaurant and bar specializes in offering a farm fresh menu, small production boutique wines and a unique specialty micro beer offering. The venue has been designed to include a rustic blend of reclaimed wood that creates a comfortable, contemporary urban feel. The spacious facility has a favorable lease at $1.37 per square foot (including CAM expense) and boasts a large kitchen and prep area that is ideal for catering and private parties. The business sale includes a beer and wine license as well a non-amplified live entertainment (limited to no more than 3 entertainers) entitlement. The unique facility layout also includes an option to expand into a large partially covered patio. It has ample dedicated parking along with public frontage street parking. The restaurant maintains consistently stellar Yelp ratings and reviews, drawing customers from all of North County, and has been increasing revenues every year.

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Property Features and Assets:

This 3,500 square foot restaurant leases for $4,810 per month on a lease that expires in 2020 with a 3 year option. All of the business’s furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale, however some of the assets are owned by the landlord (though the tenant has exclusive use of them). Approximately $7,500 in inventory will be sold at cost at close.

Market Competition and Expansion:

Competition is considered to be low despite the area’s significant growth in recent years. This is expected to continue for some time as re-investment has fueled growth. This North County community in which this venue is located is one of the next pockets undergoing rapid gentrification, which will likely increase rents going forward. As such, the business is in a prime location to capitalize on the anticipated growth. North County breweries have created significant excitement the last few years, however many do not serve food creating an excellent opportunity for catering, partnering and cross promoting

Reason for Selling:

Other business ventures.

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.

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