555 Discreet Restaurant San Diego, CA 92103

Property Details for 555 Discreet Restaurant

Property size

2,100 SF

Property type

Commercial real estate

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.