Price Reduced to $650,000 - Well Established Restaurant & Bar, Highly Visible, Corner Location on Main Street

RRC# 4969
Location: San Diego County

Description:
Reduced to $650,000. This restaurant & bar has an open-concept floor plan with it's open kitchen with fire-burning pizza oven and modern light-drenched spaces giving its location that true San Diego area vibe. Surrounded with multiple upscale hotels patronized by many seasonal Tourists, Conferences and is a Locals favorite. This bar/restaurant is 100% absentee run with excellent consistent management & chef these past few years. The Chef’s dream kitchen is well equipped and includes a large Pizza oven, 2 Broilers, 3 deep fryers, burners, 2 Rational convection ovens, refrigerated worktops all under a 25ft type 1 hood. Separate kitchen prep area includes all the toys from a robot coupe, large stem blender, 20 qt mixer, stainless steel worktops, banks of upright refrigeration and freezers along with a walk-in. The dining room seats 150 with a large patio popular dining area for a further 70 seats, all under heat lamps. Appealing, light walls and decor with modern art and a few TV’s with the Bar with its many seats serving all manner of wine, beers and a variety of hand-crafted cocktails. The financials below are annualized 2024 with historic tax returns available to well qualified Buyers. This high value San Diego County type 47 full liquor license is included in the sale. Long term, competitive lease with up to 15 years remaining makes this opportunity the ONE not to be missed.
This is a highly confidential listings so to receive more information and discuss this opportunity with the broker along with connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll connect with the Broker who will request your experience resume and strong financials prior to sending you the name and address of this business along with financial information, lease & comprehensive list of equipment included with the sale. No Broker Co-op.


Financial Information:
Monthly Revenue: $233,000
Monthly Cash Flow: $22,300
Annual Revenue: $2800000
Annual Cash Flow: $280000

General Info:
Ownership: LLC
Established: 2020
Employees: 38
Reason For Sale: Other Interests
Monthly Rent: $18,429
Expiration: 2025 plus Three 5 year Options

Facilities:
Square Feet: 5,000
Seating: 150 Indoors 70 Outdoor Patio
Parking: Parking Structure & Street
Licenses: ABC Type 47, Health & Business
Days/Hours of Operation: Daily 11.00am - 10.00pm