* Included in Asking Price
Profitable Established Freestanding Steakhouse, Prime Rib And Seafood. Sba Prequalified
Asking Price: $550,000
Location: San Diego County, San Diego County, California
Yearly Revenue: $2,913,348
Yearly Cash Flow: $215,148
Monthly Rent: 16,046 Base rent
This well known establishment has been a San Diego favorite for over 40 years and is centrally located in San Diego between the 805 and 15 freeways with freeway exposure, highly visible signage, and surrounded by corporate office buildings. Over $700,000 of interior refurbishment has been completed by the owner. The establishment benefits from a beautiful, large banquet room! Reminiscent of a classic Chicago-style steakhouse, this opportunity features only the finest quality mid-western aged steaks and chops, charbroiled to perfection over a mesquite wood-fire grill. In addition to the USDA Choice & Prime beef steak, the extensive menu also is highlighted by Angus Prime Rib, slow-roasted to retain its tender juiciness, as well as veal, chicken, lobster tail, king crab legs and shrimp entrees.In addition to the USDA Choice & Prime beef steak, the extensive menu also is highlighted by Angus Prime Rib, slow- roasted to retain its tender juiciness, as well as veal, chicken, lobster tail, king crab legs and shrimp entrees. The establishment offers three main restaurant rooms and two banquet rooms accommodating up to 400 guests. A large fireplace enhances one of the more popular seating areas. The main banquet room seats 180 with its own bar, rest rooms, separate entrance, and a large dance floor. There is lots of carved glass and fine woodwork throughout the restaurant as well as a built-in mahogany and glass wine armoire accommodating more than 100 wine bottles. The ABC 47 license is included in the sale price. A partial list of the furniture, fixtures, and equipment also included in the sale follows: Walk-in Cooler 7.5''x11''x7'' Produce Walk-in Cooler 10.5''x15.x8'' Meat Case (3) Kitchen Exhaust Hood systems (3) Fire Suppression systems Built-in Under-counter frig with 6 drawers and 2 door reach in Free standing Dean gas fired deep fryer Dean countertop gas fired deep fryer U.S. Range stove with 6 burners (2) Double Ultrasham Slow Cookers Imperial double door oven Baker''s Pride Double door oven Wolf Oven with 4 top burners refrigerator utility table with 6 drawers Wolf stove top with 6 burners Wolf salamander Gas Griddle top Large wood fired broiler gas steam table with cutting board and shelf True Reach-in refrigerator Wells bread and baked potato warmer Hobart meat slicer (2) (2) Upright reach-in freezers Butcher Boy meat saw Ice cream freezer (2) three compartment sinks one and two compartment sinks (18) Metro shelving Manitovac Ice machine (2) Dairy Fulsa reach-in refrigerators Grease trap Cres-Cor slow cooker Upright reach-in cooler Bevels food warmer (36) booths (13) bar stools (12) square tables (4) backless stools (46) chairs (22) 6'' round tables 220 stacking chairs electric glass washer capuccino machine 3-door reach-in cooler (6) Partner Avaya phone system DVR security system with (16) cameras Aloha POS with (6) terminals large safe (2) TV''s 100 gallon water heater misc. utensils, work tables, shelving, glassware, flatware, appliances, and more. Back of the house appointment only after execution and approval of the NDA. Do not disturb employees as they are 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. Landlord is currently in negotiations for a lease extension at attractive terms. Tenant pays base rent, annual property taxes, all utilities, and repairs and maintenance to the premises. Lease assignment is subject to Landlord''s approval. SBA pre-qualification subject to lender approval of buyer.
Organization: LLC | Year Established: 1977 | Current Owner: 1998 | Employees: FT (14) PT (43) | Seating: 180 Main Dining 120 (2) Banquet Rooms | Square Footage: 8841 | Parking: 67 on site with valet stand | Licenses Required: ABC 47 County Health Dept. City Business Permit | Days Open/Hours: Lunch: M-F 11a-4p Dinner: Sun-Th 4p-9:30p Fri-Sat 4p-10:30p | Reason For Sale: Retirement |
Yearly Revenues: $2,913,348 | Yearly Cash Flow: $215,148 |
Monthly Rent: 16,046 Base rent | Lease Expiration: 11/20/2018 | Yearly Adjustment: CPI not to exceed 4% | Lease Option: 1 x 5 year | Security Deposit: 10,000 |
Seller Reference #2853
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