555 Discreet RestaurantSan Diego, CA 92103

Property Details for 555 Discreet Restaurant

Property size (Sq ft)

2,100 SF

Property type

Other commercial real estate

Property subtype

Investment properties

Description

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.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7498

Longitude

-117.168

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