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This is a great Rancho Bernardo location in an extremely busy center with a dining area that's bright and comfortable.
Tax returns show profits !!
Traffic count here is huge and with the corner location that this restaurant has giving great visibility to attract new customers without even trying.
Rancho Bernardo has excellent upper middle income demographics and lots of disposable income!
The restaurant was built from the ground up by these original owners. They have been the owner operators for the past 18 years and with heavy hearts are now ready to hand it over to the next owners.
This restaurant has been reporting sales in the 250k-275k per year range for each of the last three years.
Add in catering and specials events and you are looking at another 7-10k per month in sales or nearly 100K over the year!
Net income on their schedule “C” has been in the 30-37k per year range.
Beer and wine license is already in place.
Currently and since their grand opening 20 years ago, this has been a very well received Mediterranean/Greek style concept, so continue the current profitable operations or change it up to any concept that the landlord would approve, it is a great choice to have.
Location has a very nicely set up dining area inside and some outside seating for café style dining.
The immaculate kitchen is very well maintained and equipped with everything you would need for nearly any restaurant concept you could imagine.,
14 foot Larkin hood system, walk in cooler, 8 foot cold prep table, an owned dishwasher system, it's all here and ready to go.
This restaurant space consists of approximately 1820 square feet inside and 250 square feet outside.
Base Rent is $4801/month and NNN charges are $1813/month.
Compared with other spaces in this and the surrounding centers you are below market rent.
Current lease term expires in December and the landlord is ready to give you a brand new lease.
If you are ready to hit the ground running at a profitable and popular Rancho Bernardo restaurant.
$76,968 per annum
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