For Sale
$199,000

555 Discreet Restaurant San Diego, CA 92103

Profitable Turnkey Restaurant, Hillcrest

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional opportunity presents a thriving Japanese restaurant and bar in San Diego's vibrant Hillcrest neighborhood. Priced at $199,000, this 2,100 square foot establishment boasts nine years of operational success, a loyal customer base, and a stable workforce. The restaurant's prime location on University Avenue offers a Walk Score of 97, ensuring high foot traffic and significant revenue potential. In 2023, sales totaled $1,016,100, generating a net income of $120,000 with absentee ownership, or $250,000 with part-time owner involvement. The fully equipped restaurant includes a Type 41 Beer & Wine license, a well-appointed bar, a modern kitchen, ample outdoor storage, and recently remodeled restrooms and dishwashing area. The current lease, expiring in June 2025, features a base rent of $5,590 per month and CAM of $1,000 per month, with renewal options. This turnkey operation offers high margins and minimal owner involvement, making it an ideal investment for both experienced restaurateurs and newcomers seeking a profitable venture in a prime location. The restaurant operates from 4 PM to 10 PM, with the owners currently working a combined 28 hours per week. The business benefits from a full tip table service system, maximizing profitability. This is a rare opportunity to acquire a well-established and highly profitable business in a thriving San Diego community.

Highlights

  • Hillcrest, San Diego Japanese restaurant and bar; 2,100 square feet; asking price: $199,000.
  • Established business: Nine years in operation with loyal clientele and stable staff.
  • High profitability: 2023 sales of $1,016,100; net income of $120,000 (absentee owner) or $250,000 (part-time owner).
  • Excellent location: University Avenue, Walk Score of 97, high foot traffic, $1.05 billion in annual food and beverage spending within a three-mile radius.
  • Fully equipped: Type 41 license, bar, modern kitchen, outdoor storage, recently remodeled restrooms and dishwashing area.
  • Favorable lease: $5,590 monthly rent, $1,000 CAM, expiring June 2025 with renewal options.

Property Details for 555 Discreet Restaurant

Property type
Commercial real estate
Square Feet
2,100 SF
Stories
1

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.749789
Longitude
-117.1676501

FAQs

What type of property is this?
Commercial real estate - Profitable Turnkey Restaurant, Hillcrest
Where is the commercial real estate located?
The property is located at 555 Discreet Restaurant San Diego, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Hillcrest, San Diego Japanese restaurant and bar; 2,100 square feet; asking price: $199,000.; Established business: Nine years in operation with loyal clientele and stable staff.; High profitability: 2023 sales of $1,016,100; net income of $120,000 (absentee owner) or $250,000 (part-time owner).
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555 Discreet Restaurant
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