Profitable -great sales-great rent and location
Asking Price: | $429,999 |
Gross Revenue: | $819,989 |
Established Year: | 2013 |
Cash Flow: | $273,283 |
EBITDA: | $184,283 |
Long established, loved by their customers and extremely PROFITABLE!
Cash is preferred but this restaurant may qualify for SBA financing.
Surrounded by businesses and minutes from Mission Valley, Allied Gardens, La Mesa and Tierra Santa.
Their customer base is close by and with the freeway on/off ramps ¼ mile away they are 15 minutes or less from just about anywhere in the
San Diego area.
Are you ready to take over a restaurant driven by the passion of old-world Italy? Here it is ready today.
This is your opportunity to buy a restaurant that will be profitable on day one.
Easily increase sales by simply adding lunch hours and opening up on Mondays. Sky's the limit here.
Seller is willing and even would like to stay on to train and set up a seamless transition.
Built from the ground up this restaurant is now ready to take care of the next owner as it has the current owners and founders.
Authentic Italian does not do this restaurant justice. You need to go eat there to truly appreciate what the current owners have set in motion, it is beloved by everyone who eats here as evidenced by the outstanding online reviews.
Seller has this place dialed in and it shows everywhere you look, from the immaculate dining and kitchen areas to the area that is most important to a restaurant owner, THE BOTTOM LINE.
The profit and loss statement for 2023 , which will match the tax return, shows a net income of $184,283.
That is before owner perks and add backs are added back in to the bottom line.
On sales of $819,989, the adjusted net income after the add backs is $273,283.
This place is a goldmine, and the seller is willing and able to be sure the transition is seemless and the restaurant continues to produce big sales and income for the new owners.
The well-designed and maintained kitchen has everything you will need for this concept, and it is all in pristine condition.
12 ft hood with Ansul System, mixer, walk in cooler, double deck imperial oven, two six burner ranges and more, this is a kitchen build for volume and speed!
The restaurant is 1545 square feet.
Lease for this centrally location expires June of 2026 with additional options available.
Rent including CAM is currently 5600/month. Rent was 8.2% of sales in 2023 which is outstanding.
Restaurant also has adverting on a large monument sign on on very busy road
If you are looking for a restaurant that has it all going for it and is ready a new owner, you found it !
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