Restaurant-Comfort food diner with RE available

San Diego, CA
San Diego County

North San Diego County


Asking Price: Annual Revenue:
$385,000 $1,118,009

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant-Comfort food diner with RE available Broker: Ken Oppeltz
License #: 01197451

Quick Facts

Asking Price: $385,000
Annual Revenue: $1,118,009
Net Profit: $184,535
Cash Flow: $144,848
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 30
Employees: 18
BBN Listing #: 808616576
Broker Reference #: Not Disclosed

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Business Overview:

This old-style diner has been a part of this North San Diego community for decades. The great location offers both inside and patio seating, a full American-style menu, and both the location and the name are very well known, some say even famous. The restaurant is fully staffed with both front-of-house and back-of-house management, and the owner works part-time. While the diner is “old school”, the marketing and POS systems are up to date and allow for online ordering over numerous platforms. 2021 revenues exceeded $950,000 and 2022 should finish up even higher. Adjusted cash flow for 2022 was over $184,000, AFTER allowing the new owner to pay their mortgage for the property. This is a great opportunity for an experienced restauranteur, or someone with a good management background and passion for food, to own a restaurant and benefit from the real estate's ownership.

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Property Features and Assets:

Fully equipped kitchen with hood, walk-ins, full cooking line, etc. Seating both inside and on a covered patio. The building is 3,000 square feet and is available for purchase as well at $650k.

Market Competition and Expansion:

Competition is a constant in the restaurant industry. But this restaurant has earned the respect of the community after offering excellent service and a quality menu for decades.

Reason for Selling:

Retirement

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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