San Diego City Center-great rent -lease expires 12-2028-41 lic.

San Diego, CA
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Asking Price:$149,909
Gross Revenue:$500,000
BUSINESS DESCRIPTION

Come see this location as a customer at your convenience.

San Diego Himalayan/Indian food restaurant with Beer and wine license. Great lease for next five years it remains at 3736! , good volume, turn key restaurant.

Keep this popular concept or bring your own idea to this well located turnkey San Diego restaurant.

Located in super busy center with long time San Diego favorites that are constant draws to the center and area.

Yelp and other online review sites and their customers have very high praise for this long established local favorite restaurant.

Food is authentic and extremely well received by their patrons.

Close to major San Diego attractions including the airport, beach, Sea world, Down Town San Diego and the sports arena

They did over 500k in 2022. Sales reported by seller are approximately 40k per month.

Rent factor is well below 10% allowing for plenty of cash to flow to the bottom line.

They have a separate party room for overflow seating and private parties.

Large enclosed outdoor seating area is also included, customers love this seating area.

All new high end tile flooring and underground plumbing installed in 2021.

Kitchen is nicely equipped with 10ft hood system, six burner stove, tandoori oven, griddle, cold prep table and plenty of cold storage units

Restaurant space is 2291 sq feet with monthly all in rent $3700 rent includes water.

Current lease term expires Sept 2023 with one five year option available.

Area is part of the Midway re-development plan and the current landlord will not be renewing their ground lease with the city of San Diego as of 12/31/2028.

There is no certain plan in place yet after the lease expires, so there is a risk that the space will not be available beginning 1/1/2029.

Seller is motivated and this restaurant has it all and is ready now.


DETAILED INFORMATION
Location
San Diego, CA
Inventory
Not Included in asking price
Facilities
remodeled kithcen and dining areas
Reason for Selling
Owner has other restaurants that need his attention
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Rob
Tade
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Rob Tade