Business Summary:
This unique restaurant and bar is located in the heart of San Diego, just minutes north of the downtown Gaslamp District. The business has a full liquor license (type 47) and catering permit (type 58). Opened in 2002, this swanky restaurant s modern / chic design compares to the boutique lounges found in New York and San Francisco. Annual revenues have averaged over $550,000 over the last 3 years. Built with a stylish foundation of sophistication and funk, a new owner s investment for leasehold improvements could be limited to cosmetic touch-ups and minor modifications, as much of the groundwork has already been laid.
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| Year
Business was Established: 2000 |
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| Number of Employees:
6 |
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| Facilities / Terms of Lease:
The 2,500 square foot facility leases for $5,970 per month including CAM. The lease is valid until November 2007, at which time a 5-year option may be exercised. The sale includes all of the kitchen equipment, furniture, fixtures, point of sale system, liquor license, and business goodwill. |
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| Potential
Growth/Expansion:
New owners may seek to expand the catering business, promote additional evening entertainment, and change the operating hours to allow a breakfast or lunch service. |
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| Competition:
Competition exists due to the inherent nature of the business and area, however this restaurant maintains a unique niche for the style and customers it serves. |
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| Owner
willing to finance:
not offered |
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| Owner
willing to train:
2 weeks at 20 hours/wk. |
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| Reason for selling:
personal / moving |
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Seller Reference Number: SD Bar C
BusinessMart.com Listing Number: 33668 |
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