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PROFITABLE + LOWER PRICE...Mediterranean in HILLCREST.

San Diego, CA
Oven Fresh !
Asking Price:$400,000
Gross Revenue:$1,100,000
FF&E:$180,000
Cash Flow:$248,000
Inventory:$20,000
Established Year:2023
Listing ID: 2227538Listing provided by BizBuySell
BUSINESS DESCRIPTION

AN INCREDIBLE OPPORTUNITY....1.6 Multiple on SDE !
Owner says "GET IT SOLD" !!!!
Take over this Profitable Mediterranean Restaurant & Bakery in San Diego at a discount.
This place has it all !
Corner location in one of most vibrant communities in San Diego.
Plenty of walk-in traffic and late night "feasters".
The food is incredible!
The Tenant Build Out is first class, well designed, and less than two years old.
The atmosphere is open, very well lit, and extremely comfortable.
This is a turnkey set up and a money-maker from the start.
There is a solid base to launch this one to new levels !
Don't miss out !
Special Note....The Corporate Brand and proprietary family recipes are not Included.

DETAILED INFORMATION
Location
San Diego, CA
Inventory
Included in asking price
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Space is approximately 2260 SF Rent is about $11,000 / mo..... All In. There's about 7 years left on the Initial Term. Buyer to qualify with Landlord for Assignment or new Lease. There is some onsite parking.....a rarity in this market. The kitchen is fully built out, with 18 foot Hood, Grease Trap, and Stone Oven. DOES NOT have a B&W License....But the space has been licensed in the past....Huge upside !
Competition
It took the Owner almost 2 years and $500K for permits, construction, and equipment to open the doors. That creates a strong barrier to entry. The Owner is willing to sign a non-compete.
Growth & Expansion
Only open a little more than a year....Word of mouth is just catching on. But more social media presence would really press it up. Longer hours to catch the late night crowd. Add a B&W license to enhance margins. Could open 7 days per week.
Support & Training
Seller will work with Buyer to ensure a smooth transition. Hours to be negotiated. Staff is experienced and committed. 3 of the 13 serve as Shift Managers already.
Reason for Selling
Owner is moving back to LA to help run the Family Business.
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Gary
Walswick
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Gary Walswick
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