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San Diego

  • Listing No.: 106-15231

  • Category: Bar/Liquor, Food - Restaurant

Asking Price $290,000
Down Payment $290,000
Gross Revenue $421,475
Total Adjusted Net Income $119,741
Equipment/Fixtures $40,000
Year Established 1991
General Location San Diego
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Restaurant Bar with ABC-47 liquor license included. The bar is currently run by the owner while subleasing out the restaurant part of the business. The bar offers Karaoke, Dancing, Live Latin Music and Sports with 7 TV screens. Restaurant and Bar seats over 200 customers. This long established business is located in the San Diego South Bay area with a loyal following of regular customers. A new owner could continue leasing the restaurant to the current restaurant operator while managing the bar. The bar Gross sales $421,475 and adjusted net profit of $119,741 from tax returns are without restaurant profits. Additional profit potential for someone with restaurant experience taking over the restaurant operation. Turn-Key Bar Operation.

Gross Revenue $421,475 Listed Price $290,000
Total Income $119,741 Down Payment $290,000
Base Rent $10,537 Square Feet 5000
Total Rent $12,257 Lease Expiration 2/2019
Rent Deposit $6,400 Lease Options 1 / 5 year option
Inventory $0 Leasehold Improvements $45,000
Equipment/ Fixtures $40,000 Other Assets
Full-Time Employees 0 Training Period 2 weeks
Part-Time Employees 6 Special License Required Transfer of Type 47 Liquor License
Contract Staff 0 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.