Description

Pacific Beach restaurant location on Garnet, four blocks from the beach, with parking lot. Profitable and growing fast-casual franchise that focuses on simple, healthy food. This store has excellent operations and superb Yelp reviews (4.5 stars). Current owner has procedures and long-term employees in place to manage the daily operations. Perfect for first-time or experienced business owners. The business has a 10%+ growth rate so far this year and has grown every year since opening. Current owner has another job, so is only active part time. Plenty of opportunity to boost sales and profits with a more active owner. This could also be a good opportunity for a new restaurant concept looking for a prime location and lease. Would be good for Asian or Mediterranean concepts, Poke bowls, etc. The cost to change the concept would be marginal, so a new owner could start up at fraction of normal cost while also saving time. Current owner spent over $260K fully-renovating and equipping the space (including new hood exhaust, grease trap, HVAC, ADA restroom, and more). The lease is very favorable for the area and has options to extend. Hard to find this type of location in Pacific Beach for less than $5,000/month especially with parking. Great chance to own a beach restaurant in the heart of PB with low startup cost! Please contact the broker Ryan Arango with any questions: (310) 739-4867, rarango@fcbb.com.

This is a leased location of 1,180 square feet and a Total Rent of $4,833. Lease ends 4/2024 with Two 5 year options. Seller is active in the business with 3FT and 2PT employees. Hours of operation are Mon-Sat 11am-10pm and Sun 11am-9:30pm. $3,000 in Inventory and $60,835.69 in FF&E included in Asking Price. $204,854.08 made in Leasehold Improvements. Assets include all equipment, computers, and software, etc. used to operate the business. A Flame Broiler Franchise License is required.

Posted Sep 15, 2016

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