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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