About 530 University Ave
For Sale: Thriving Japanese Restaurant & Bar in Prime Hillcrest Location Price: $299,000/ Price Reduction - $249,000. Key Financial Highlights (2023): Total Sales: $1,016,100 (including sales tax & tips) Sales: $869,150 (excluding sales tax & tips) Net Income: $120,000 absentee run; $250,000 with part-time owner involvement Operational Details: Hours: 4 PM to 10 PM Owner Involvement: Owner and spouse each work 2 days a week, supported by additional staff on weekends High Margins: Full tip table service system with no sharing, ensuring strong profitability Lease Details: Base Rent: $5,590/month CAM: $1,000/month Lease Term: Expires 06/30/2025 with options for renewal Location & Market Advantages: Features : The establishment possesses a Type 41 Beer & Wine license, hood, grease trap and all FF&E included.
Features of 530 University Ave
| MLS® # | 240019728 |
|---|---|
| Price | $249,000 |
| Type | Commercial Sale |
| Sub-Type | Com-BusOp |
| Status | Closed |
Community Information
| Address | 530 University Ave |
|---|---|
| County | San Diego |
| State | CA |
| Zip Code | 92103 |
Amenities
| Parking | Street |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Central Forced Air Elec |
|---|---|
| Fireplace | Yes |
Additional Information
| Date Listed | August 20th, 2024 |
|---|---|
| Days on Market | 134 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | American Real Estate Group |
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