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Restaurant With Beer And Wine In San Diego For Sale

San Diego, California - South
Asking Price:
$109,000 (USD) Furniture / Fixtures included
Sales Revenue:
$706,880 (USD)
Cash Flow:
$105,460 (USD)

This North County Inland San Diego restaurant and bar specializes in offering a farm fresh menu, small production boutique wines and a unique specialty micro beer offering. The venue has been designed to include a rustic blend of reclaimed wood that creates a comfortable, contemporary urban feel. The spacious facility has a favorable lease at $1.37 per square foot (including CAM expense) and boasts a large kitchen and prep area that is ideal for catering and private parties. The business sale includes a beer and wine license as well a non-amplified live entertainment (limited to no more than 3 entertainers) entitlement. The unique facility layout also includes an option to expand into a large partially covered patio. It has ample dedicated parking along with public frontage street parking. The restaurant maintains consistently stellar Yelp ratings and reviews, drawing customers from all of North County, and has been increasing revenues every year.

This 3,500 square foot restaurant leases for $4,810 per month on a lease that expires in 2020 with a 3 year option. All of the business’s furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale, however some of the assets are owned by the landlord (though the tenant has exclusive use of them). Approximately $7,500 in inventory will be sold at cost at close.

Property information

Real Estate:

Lease

Business Operation

Expansion Potential:

This North County community in which this venue is located is one of the next pockets undergoing rapid gentrification, which will likely increase rents going forward. As such, the business is in a prime location to capitalize on the anticipated growth. North County breweries have created significant excitement the last few years, however many do not serve food creating an excellent opportunity for catering, partnering and cross promoting.

Competition / Market:

Competition is considered to be low despite the area’s significant growth in recent years. This is expected to continue for some time as re-investment has fueled growth.

Reasons for selling:

Other business ventures

Employees:
15
Years established:
2014

Other Information

Support & training:

2 Weeks at 20 hrs/wk

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$7,500 (USD)

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