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Listing View: High Profile Hillcrest Restaurant w/ Beer & Wine & Parking - Hillcrest, San Diego, California


High Profile Hillcrest Restaurant W/ Beer & Wine & Parking
Hillcrest, San Diego, California

Offered at:
$37,000

Office Listing #   CrestThai
Revenue: $144,000 / year
Cash Flow: $0 / year
Lease Rent: $4,700 / month
Square Feet: 2,000

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 Listing Description

This high profile Hillcrest restaurant with a beer and wine license and parking offers it’s buyer an excellent location with great street visibility on one of Hillcrest’s main thoroughfares. The restaurant is fully equipped and provides a new owner an attractively priced, turn-key Hillcrest location with a beer and wine license. The owner purchased the restaurant without much formal restaurant experience and has decided to sell to focus on their primary careers. As such, a buyer will be able to capitalize on the seller’s motivation to complete a transaction sooner than later. The restaurant is located in a 2,000 square foot facility that leases for $4,000 per month plus common area maintenance expense of approximately $700 on a lease valid through 2012. The sale includes all the business assets such as the furniture, fixtures, kitchen equipment, small wares, and the beer and wine license. Inventory will be sold at cost at close in addition to the purchase price. Competition is high, as Hillcrest is known as a hotspot for unique and trendy restaurants. That said, Hillcrest restaurants have a built-in customer base that tend to be loyal to local restaurants. This business has excellent growth potential. A new owner may seek to carry on the existing concept, which has been offered at this location for over 10 years, or convert it to a number of other concepts such as Indian, Mediterranean, Italian, Chinese, Japanese, Mexican, BBQ, Burgers, Pizza, Vietnamese and more.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1992
Current Owner:   2009
# of Employees:   5
Square Foot/Size:   2,000
Parking:   Lot & Street
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $144,000 / year
Cash Flow:   $0 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   $4,700 / month
Lease Expiration:   4/30/2012
Lease Option:   5 Year Option
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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