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Profitable Mediterranean Restaurant for sale

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Well established profitable restaurant
Related Searches:

Ocean Beach, California (San Diego Co.)   |  Businesses for Sale Between $100k and $150k

Asking Price:
$139,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

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Business Description

Best profitable spot in Ocean Beach.

This business was originally established in late 2015 by the current owner of the business. There is a diverse amount of businesses nearby this restaurant that doesn't pose an issue as there are no restaurants specialized in Mediterranean cuisine around the area. The owner has put $141,000 for the upgrade and leasehold improvements. In 2017, after the major remolding, this restaurant has generated more revenue and acquired new customers.
Fresh home- made style Mediterranean restaurant in the nice, comfortable, but busy spot is available for acquisition.

LANDLORD ALLOWS ASIAN FOOD, MIDDLE EASTERN FOOD THAT DOES NOT COMPETE WITH OTHER SHOPS NEAR BY

*Great location 2 blocks from Ocean Beach Front
*Low rent is approximately $2,400/month including NNN per month for 900sq
*Seating Capacity is max 25 customers inside and outside
*The lease can be renewed with 2 extended options
*Security service is available

This business is Turn-Key ready to be turned into any cuisine aside Mexican.
3 breweries on the same block
OWNER with 45 years experience retiring.

Serious inquiries only! Potential buyer or Buyers agent must sign NDA and make the appointment before visit the store. DO NOT speak to the employees! Seller is requesting qualification letter from lender from interested parties.

About the Business

Year Established:
2015
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
900
Facilities:
This facility is located a high traffic area in Ocean Beach city. 220 visitors per hour, with low rent and high maintenance. Please email or call the listing agent to obtain a full list of equipment.
Market Outlook/
Competition:
There is only one direct competitor within the immediate market area.
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About the Sale

Reason For Selling:
Owner is going to retire.
Training/Support:
We support and train the new owner or staff for one month after close the escrow.

Listing Info

ID:
1389945
Ad Detail Views:
163

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Business Listed by

Kyoko(Kay) Wolf

Kay Wolf Realty - 01984469

 Show Phone Number

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