Last Revised: 9/18/19. Posting #: 254800
Key Words: fast food, san diego
Financial Info: Price: $325,000. Down: $260,000. Adjusted Net: $164,802. Annual Revenues: $587,277. Revenues are currently averaging ~$50K per month!
Profile: Motivated Seller: Profitable Fast Food, Fantastic Concept
Price Reduction: This is a brand new fast food restaurant that is meticulously built-out to high quality standards. It has been operating since January 2019 and is already proven to be highly profitable. Revenues are currently averaging ~$50K per month and growing! The food is popular and simply delicious. The restaurant already enjoys tremendous reviews and repeat customers, stemming from the surrounding business and residential community as well as visitors to this popular destination area. It offers eat-in, takeout and catering options. The area is highly walkable and also accessible by car with easy access and convenient adjacent parking.
What a tremendous opportunity for a new owner to have an incredible business with immediate income to support a San Diego lifestyle! Don't miss out on this rare opportunity!
Competitive Overview: This restaurant is located in a high density area with many food choice options available to consumers. However, this concept is somewhat unique and the food choices are differentiated from competition. This is an affordable dine-in, takeout and catering business in high demand. There is nothing quite the same in the surrounding area, which appeals to repeat customers that enjoy the fast convenience and delicious menu choices offered by this restaurant.
Potential Growth: The business is highly scalable and it offers any new owner the opportunity to open multiple locations and, if so desired, to make it a national or international franchise offering. It is certainly a highly suitable "franchise concept." Imagine the future royalties that could be enjoyed with just a few new non-franchise locations or, alternatively, with a strategic plan to develop it as a national or international franchise offering!
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: Escrow services to brokers & agents, owner/sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services.
Key Words: shalonda chappel-pilgram, town country escrow, escrow, bulk sale, bulk sales, escrows, liquor license transfers, lien search, lien searches, los angeles, orange, riverside, san bernardino, san diego, imperial
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: When examining a restaurant for sale, buyers must pay attention to the costs associated with owning and operating that business. Southern California restaurant broker specialist Joe Ranieri explains the cost percentages that buyers should look for when examining an existing restaurant business.
Key Words: restaurant, restaurants, cafe, fast food, due diligence, adjusted net income, buying a restaurant, buy a restaurant, buying a cafe, buy a cafe, profit, profitability, joe ranieri
Profile: During the sale of your business, you are going to encounter many types of business buyers. BizBenNetwork Manager Jordan Green identifies 6 classifications of business buyers for business owners to look out for and explains their interests and motivations for buying a business.
Key Words: buyer, buyers, business buyer, business buyers, buy a business, entrepreneur, acquisition, acquire a business, jordan green
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
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Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
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