Cool, Ultra Modern Restaurant with 47 License

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $315,000
Cash flow: $72,010
Revenue: Not Disclosed
Gross Income: $483,311
Inventory: Not Disclosed
FF&E $50,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This unique restaurant and bar is located in the heart of San Diego, just minutes north of the downtown Gaslamp District. The business has a full liquor license (type 47) and catering permit (type 58). Opened in 2002, this swanky restaurant s modern / chic design compares to the boutique lounges found in New York and San Francisco. Annual revenues have averaged over $550,000 over the last 3 years. Built with a stylish foundation of sophistication and funk, a new owner s investment for leasehold improvements could be limited to cosmetic touch-ups and minor modifications, as much of the groundwork has already been laid.

Facilities:
The 2,500 square foot facility leases for $5,970 per month including CAM. The lease is valid until November 2007, at which time a 5-year option may be exercised. The sale includes all of the kitchen equipment, furniture, fixtures, point of sale system, liquor license, and business goodwill.

Financing:
not offered

Support:
2 weeks at 20 hours/wk.

Competition:
Competition exists due to the inherent nature of the business and area, however this restaurant maintains a unique niche for the style and customers it serves.

Growth:
New owners may seek to expand the catering business, promote additional evening entertainment, and change the operating hours to allow a breakfast or lunch service.

General Information

Reason Selling: personal / moving

Number of Employees: 6
Year Established: 2000