Michelin Guide Acclaimed - San Diego County - Seaside Resort Town – Successful 2800 sq ft restaurant
Location: San Diego County
Description:
SBA loan pre-approved for this highly acclaimed Michelin Guide restaurant located in Seaside Resort city. Annual sales revenues exceeded $1.2 million in 2022, and is for sale for $475,000 with 2022 Profits of $170,000. All employees are long-term and run the day-to-day operations. The owner is semi-absentee but extremely experienced and enjoys working with the Chef inspiring and compiling new menu items. The Buyer needs to be well qualified and have a passion for naturally grown food full of flavor and visually appealing.
The small but well laid out kitchen is fully loaded, including a vacuum sealer and a sous vide immersion circulator, all fully owned with no leased kitchen equipment. 10ft hood with fire suppression system, the kitchen is only 5 years old and has large storage room incorporating the office and a rear entrance for deliveries. The 1000+ sq ft apartment rental upstairs collects $1,650 monthly adding to the bottom line or a restaurant conversion could be tackled which would greatly increase the dining room seating capacity of 45 seats and a bar serving all-natural beer and wines plus a 2 group Espresso machine which don's the back of this solid concrete bar. Easy to maintain concrete floor and quality wall fixtures and paintings. Verifiable Financials, Provable Cash Flow & Consistent Earnings are available for review.This business is SBA loan approved with only 15% down on a fixed rate, 10-year loan.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Co-Listed by Martin Cramer and Keith Simpson
For more information please visit:
Financial Information:
Monthly Revenue: $105,422
Monthly Cash Flow: $14,140
Annual Revenue: $1,265,065
Annual Cash Flow: $169,690
Annual Payroll: $542,219
General Info:
Ownership: LLC
Established: 1990
Current Owner: 2017
Employees: 20
Reason For Sale: Other Interests
Monthly Rent: $6,776 including NNN
Expiration: 2027 plus 5 year Lease Option
Facilities:
Square Feet: 2,800
Seating: 45 + 6 Bar
Parking: Street
Licenses: Health and Business plus ABC Type 41 Licenses
Days/Hours of Operation: 5.00pm - 9.00pm Tuesday - Sunday - Closed Mondays
