Business For Sale

Heart Of Hillcrest. Turnkey And Ready To Open

San Diego, CA
San Diego County


Asking Price: Annual Revenue:
$109,900 $372,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Heart Of Hillcrest. Turnkey And Ready To Open Broker: Steve Zimmerman

Quick Facts

Asking Price: $109,900
Annual Revenue: $372,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 771011533
Broker Reference #: 3092

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Heart Of Hillcrest. Turnkey And Ready To Open. Like New!

RRC#: 3092
Asking Price: $109,900
Location: 3825 Fifth Ave, San Diego, California
Yearly Revenue: $372,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $7245.50 includes $1333 CAM

LISTING DESCRIPTION:
The restaurant enjoys a prominent location on busy 5th Avenue with University Avenue nearby. Two prominent movie theater size marquis signs are available to prominently display the name of your establishment. Bring your ideas, culinary skills, and take advantage of the hip, young, trendsetting Hillcrest demographic! This beautifully remodeled contemporary restaurant was formerly a wings franchise of a multi-store Mexican franchise opening in December of 2017 and closing in March 2018 with first year sales projected to be close to $400,000!. The owners were unhappy with the franchise and choose to devote their full time attention to their non-restaurant careers. The franchise is not included in the sale. The neighboring tenant sells Mexican food but all other food types are welcome! The establishment has an active ABC 41 license (with restrictions). A partial list of the furniture, fixtures, and equipment included in the sale follows (20) white tables (64) red steel chairs (4) cushion booth like chairs (5) Samsung 64" TV's HDMI Matrix TV (2) Samsung 42" TV's (2) Samsung 32" TV's JVC 84" TV (2) JVC 24" TV's Harman Kardon sound system POS system with (2) printers 4 Tap beer system refrigerator ice machine 8 burner range with griddle, hood and Ansul system (3) hand sinks 4 compartment sink Like new deep walk in cooler (2) two basket deep fryers 6'x3' Polar freezer 4' x 2' SS prep table 6'x3' prep table 5'x5' steel rack Ultra Max stove True refrigerator Microwave (5) cutting boards (2) ADA restrooms 4 compartment steel cabinet misc. glassware, cutlery, utensils, pots, and pans. The cola dispenser and adjacent beverage refrigerator are not included in the sale. Tenant pays gas and electricity. Tenant is billed for 50% of the water bill. ABC 41 restrictions include quarterly sale of alcohol shall not exceed food sales during the same period and sales records kept and made available to ABC upon demand Alcohol sales restricted to 6am and 11pm everyday and no off premises consumption permitted no live entertainment permitted no dancing. Please complete the on-line NDA and email to jonathan@restaurantrealty.com before requesting a walk through.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2017 | Current Owner: 2017 | Employees: 1 (FT) (9 PT) | Seating: 80 | Square Footage: 2150 | Parking: Street | Licenses Required: ABC 41 County Health Dept. City Business Permit. |

FINANCIAL INFORMATION:
Yearly Revenues: $372,000 |

LEASE INFORMATION:
Monthly Rent: $7245.50 includes $1333 CAM | Lease Expiration: 7/21/21 | Yearly Adjustment: 3% | Lease Option: 1 x 5 year @ 3% annual | Security Deposit: 5912.50 |

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

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

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!