Buy a Business

Advert Ref: SD Beach

Pacific Mission Beach Beachside Quick Service Restaurant For Sale

Details: Asking price:$79,500; Sales revenue:$373,309; Net profit:$30,000; Fixtures value:$25,000; Inventory value:Undisclosed

Business description: This beachside quick service restaurant is an amazing opportunity for a restaurateur to implement their name and concept in a turnkey facility. Located within steps from San Diego’s most populous beach, the location is heavily trafficked by locals and tourists alike, with a substantial “off season” student population. Although it only opened in 2005, this business has already reached sales of nearly $400,000 in 2007, its second full year of operations. This highly desired, unbeatable beach location should provide a new owner with amazing upside potential.

General information: Years established:3; Employees: 5 f/t; Trading hours: Su-Th 11-9; Fr, Sa 11-10; Real Estate: Lease; Lease terms:1,200 sq. ft. for $5,500/month incl. CAM thru 2010.; Location:The business is housed in a 1,200 square foot facility with a monthly lease rate of $5,500 including CAM. The lease is valid until 2010, with an additional 3 year option to extend. The sale includes all of the assets of the business, such as a full kitchen, hood system, new refrigerators, freezers, and furnishings. The sale does not include the name or website.; Expansion potential:The business has significant room to grow. The current owners do not offer or promote local delivery services. Revenues should be enhanced with local mailers and door coupons/menus, student specials, summertime “beach-catering” and private party catering events, and the addition of a beer and wine license.; Competition / Market:Competition is considered high as due to its traffic and strong student population the beach area is naturally filled with many eating and drinking establishment. This business, however, has an unbeatable location.; Support & training:2 weeks at 20 hours per week.; Reasons for selling:Personal