This Point Loma area restaurant and bar sale includes a liquor license, a patio and monthly rent below $1.00 per square foot. This full service restaurant features a dining room with oversized booths that accommodates 64 persons, a separate bar that seats 16 and patio that seats 32 persons. The kitchen houses a full cooking line with a 12 foot hood as well as walk-in refrigeration. The business boasts a great corner location with main street exposure and benefits from a built in client-base that provides a steady flow of customers, in addition to the loyal following it has developed over the last 20 years.

This 3,500 square foot facility leases for $3,000 per month including CAM expense on a 5 year lease valid through July 2017 with two 5 year options. All of the business assets will transfer in the sale including the furniture, fixtures, equipment and liquor license. Inventory will be sold in addition to the asking price at cost at close.

Competition is considered to be medium as other restaurants exist in the area, however this business’s excellent lease rate, built in client base and grandfathered entitlements make this a unique opportunity with a sustainable advantage over competition.

This restaurant has excellent growth potential. A new owner may continue with the current concept, or implement any new concept they seek fit such as Italian, Mediterranean, Mexican, Japanese, Indian, burgers, seafood and much more, as there are no restrictions on the lease. Alternatively, they may seek to migrate the concept to more of a sports bar oriented theme.

Posted Jan 26, 2016

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