Restaurant-Comfort Food Diner With RE Available
San Diego, CA San Diego County
North San Diego County
Seller's Contact Information
- RE: Restaurant-Comfort Food Diner With RE Available
- Contact: Ken Oppeltz
- License #: 01197451
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $1,118,009 | |
| Net Profit: | $112 | |
| Cash Flow: | $112,535 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 30 | |
| Employees: | 18 | |
| BBN Listing #: | 808616576 | |
| Broker Reference #: | Not Disclosed |
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 was over $1.1MM. Adjusted cash flow for 2022 was over $112,000 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 homebased business opportunity.
- This is not a franchise resale opportunity
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