For over 40 years, one of San Diego's landmark dining destinations and one of the most unique and memorable restaurants you will ever find. The restaurant was built in 1976 and benefits from it's highly desirable location between the 163/ 15 freeways, 170 plus parking spaces and is surrounded by major employers. The restaurant was built from the ground up and it is meticulously maintained by the owner who also owns the real estate who will negotiate a mutually beneficial lease to the buyer on approved credit. The restaurant is consistently profitable with climbing revenues each year and has been awarded "Best Sunday Brunch" for several years and received Open Table's "Diners Choice Award" in 2017. It is a favorite wedding venue and benefits from private parties. The dining room, main bar, and lounge for dancing and DJ are beautifully appointed. There is also a separate patio bar with service to the lounge and patio as well as an outside barbecue area serving patio diners and those enjoying cocktails. The restaurant benefits from a great management and kitchen staff with many of the employees maintaining long employment histories. The ABC 47 license is included in the sales price as well as the following partial list of the furniture, fixtures, and equipment : (2) Walk-in Refrigerators 9'x13'x7'; Walk-in Freezer 7'x9.5'x7'; (2) Kitchen Hood system including fire suppression system; (2) Manitovac ice machines; Welbit Mixer; Double Stack Blodgett Convection Oven; U.S. Range with 2 burners; U.S. Range with 4 burners; Flat Top Hot Griddle; Montegue Gas Broiler; Montegue Stove with 6 burners; AWP Wyott Gas Deep fryer (counter top) and free standing deep fryer; Double Door Maxxcool Refrigerator; Cleveland countertop steamer with table; Bevels Hot Cart; Hatco Electric Salamander and Gas Salamander; Reach-in Ice Cream Freezer; Metro Meat/Seafood Cages; 30"x72" and 30"x100" Work tables with shelfs below and above; Double pot sink; (2) 3 compartment sink; (20) Metro Storage Shelving Units; Two-Compartment sink: 100 gallon Water heater; Trulsen Upright Salad Refrigerator; Reach-in Refrigerator with salad dressing cutouts; Countertop with 2 Drawer Reach-in and 6 Drawer Refrigerator; Wells 3 Bin Steam Table; Wells 2 Door Bread warmer; Toastmaster 3 Drawer Potato Warmer; (29) 4' Tables; (154) chairs; (12) 6' Tables; (129) Metal Chairs; (18) 42" round Metal Tables; (16) Bar Stools; (14) 28" Black Metal Tables; (16) Black Patio Chairs; (5) Booths with tables; (18) umbrella stands; (8) Gazebo chairs; (50) Samsonite stacking chairs; (65) Stacking Banquet Chairs; (15) 6' and 8' Banquet Tables; (10) 30" Metal Tables; (2) Beer and Wine Coolers; Champagne Cooler; 3 Door General Cooler, 3 Door beer cooler, and Draft Beer setup; Cappuccino/Espresso Machine; Glass washer; ice bin; (5) blenders; (9) High Top Tables; (42) Bar Stools; (12) Cocktail Tables; (18) Cocktail chairs; Sharp TV Projector, 10' Auto Drop Down Screen; (2) 44' TV's; 47: TV; (4) Amplifiers; (4) Large speakers; (14) Perimeter speakers; Sound Mixer; Disco Lighting Control Board; (2) Turntables; Bellson Gas BBQ Grill; (7) Propane Space Heaters; Avaya Phone System with 8 stations; Aloha POS with 8 Terminals; (8) POS Printers; (2) Safes; (3) Computers with monitors; DVR Color Security System with (16) cameras; misc utensils, cutlery, pots, pans, glassware and flatware. Back of the house appointment only after execution and approval of non-disclosure agreement by listing agent. Do not disturb employees. Employees unaware of sale. Cash sale only. Offers must be accompanied by proof of funds, Pre-qualification letter from lender, completed sellers financial application, and approval by seller of buyer's credit worthiness.

General Info

  • OrganizationContact For Info
  • Established1976
  • Current Owner1997
  • EmployeesFT (18) PT (49)
  • Reason For SaleRetirement

Facilities

  • Seating396 (interior) + 233 (patio). Maximum 510.
  • Square Feet11,000 (approx) + 1600 (approx) outside patio
  • Parking170 car exclusive open parking lote
  • LicensesABC 47; County Health Dept.; City Business Permit.
  • Open HoursLunch: M-F 11a-4p Sunday Brunch: 9-3p Dinner: Sun-Th 4p-9p; Fri 4p-11p; Sat 4p-10p

Lease

  • RentTBD
  • ExpirationTBD
  • Yearly IncreaseContact For Info
  • OptionTBD
  • DepositContact For Info

Financials

  • Monthly Revenue344730
  • Monthly Cash Flow28728
  • Annual Revenue4136607
  • Annual Cash Flow344736
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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