Incredible opportunity to own a profitable restaurant with increasing bar revenue in the Heart of Solana Beach. Recently renovated less than 2 years ago offering a modern interior with a large outdoor patio open to the inside. Includes a Type 47 liquor license with hours from 7am-midnight, allowing for both entertainment and off-premise wine sales. Renowned for weekend brunch and the positive reviews to prove it; 5 Stars on TripAdvisor, 4.5 Stars on Yelp and 4.4 Stars on Google reviews, revenue continues to grow and costs well maintained.
Ideal location with close proximity to the beach, train station & Cedros Design District. This is in a retail center undergoing some great improvements with lots of free customer parking.
– Sales $2,100,000
– Net $250,000
– Size: 4,400 SF + Patio
– Rent: $22,929/mo. (Gross Lease)
– Lease Term: 8 Years + Two 5-Year Options
– ABC License: Type 47 – 7am-Midnight
– Parking: Parking Lot
– Price: $549,000* Price Includes $150,000 security deposit* ( in lieu of a lease guarantee) net price is
*$399,000* which is less than 1.5x cash flow!
