High Profile Hillcrest Restaurant With Parking In San Diego For Sale

Business 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.

Property information

Real Estate:

Lease

Lease terms:

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.

Location:

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.

Size in square feet:

2,000

Business Operation

Expansion potential:

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

Competition / Market:

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.

Employees:

5

Years established:

1992

Other information

Support & training:

2 wks at 20 hrs/wk