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Pacific Beach Restaurant With Beer & Wine

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $533794
Net Profit / Cash Flow  $78026
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2000
Number of Employees  4 - 5
Inventory  20000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This Pacific Beach restaurant with a beer and wine license is located within steps of the beach and has been a favorite of both locals and tourists for nearly 10 years. Nestled within the center of Pacific Beach's main attractions, locals love it for its close proximity to home, and summer visitors make it a regular visit. Pacific Beach continues to be a San Diego hotspot, and this stellar location is a rare opportunity due to its excellent street visibility and exposure, in addition to the goodwill developed from its loyal customer following. Asking Price $159,000. The 1,200 square foot facility leases for $4,900 per month, including common area maintenance expense. All of the restaurant's furniture, fixtures, equipment, beer and wine license and goodwill are included in the sale. The name, menu and recipes are also included in the sale should a new owner seek to continue to capitalize on the existing concept. This prime location is at the epicenter of a thriving, highly desirable community, which gives it a built in advantage in the immediate local area. While competition exists few locations have enjoyed the success of this restaurant even through the down economy. One of the primary owners has been out of town focusing on their next venture the last few years. As such, a new owner that can offer the operation the utmost attention should naturally capitalize on easily missed opportunities. Increased marketing during the non-summer months, aggressive delivery advertising and other promotions should provide a new owner the ability to capture additional market share. A new owner may continue with the already successful concept, or convert to a number of other popular options not currently offered.
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