Established Italian Restaurant/Lounge Downtown San Diego w/47 License

San Diego, San Diego County, California 92101, United States

Asking Price$500k

Revenue$2.20m

EBITDA-

Cash Flow-

Description

Million Dollar Remodel and Renovation Prime Downtown San Diego Italian Restaurant – Multi-Million Dollar Sales Location. Atmosphere. Legacy. Seize this rare opportunity to own an award-winning Italian restaurant located in the heart of Downtown San Diego’s vibrant Marina District, steps away from the bustling Convention Center, and Gaslamp Quarter. A staple of the community for decades, this establishment has become synonymous with exceptional dining, lively entertainment, and an unforgettable nightlife experience. Highlights: Iconic Location: Situated in a high-traffic area surrounded by retail, nightlife, and residential hubs. Modernized Space: Recently underwent a $1.5 million renovation during COVID, blending timeless charm with modern flair. Full Liquor License: Includes a coveted Type 47 license, enhancing its appeal to diners and nightlife patrons. Revenue Powerhouse: $2.2 million in sales for 2024, with breakeven performance after owner addbacks. Turnkey Operation: Fully staffed and ready for an experienced buyer to step in and elevate its success. Versatile Appeal: Known for its sought-after menu, vibrant atmosphere, live music, and active nightlife. Why It’s For Sale: Owned by absentee operators living too far away to manage daily operations, this presents a perfect opportunity for a hands-on owner or team to build on its established reputation. Next Steps: This is your chance to own a cornerstone of San Diego’s dining and nightlife scene. Serious inquiries only—an NDA is required for detailed financials, photos, and additional information.

Real Estate

Rent is $15,000 per month

Building Size: 4000 sq. ft.

Inventory

$50k

Business is

Absentee Owner

Reason Selling

Owner lives too far

Financing Options

Seller financing is available.Depending on offer and buyer experience/collateral

Asking Price$500k

Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.