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901 Bayfront Court,#101

San Diego, CA 92101
  • $100,000
  • STATUS: PENDING
  • ON SITE: 19 Days
  • ID#: 220023698
Pending
UPDATED: 143 min ago
$100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 790
    SQFT
  • $127
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Description

GELATO AND FRIENDS PRESENTS AN EXTRAORDINARY OPPORTUNITY TO PURCHASE AN UP AND RUNNING BUSINESS WITH A PRIME LOCATION IN THE RETAIL SECTION OF THE INTERCONTINENTAL HOTEL AT THE WATERFRONT. THE GELATO SHOP IS DIRECTLY ACROSS THE STREET FROM THE CRUISE SHIP TERMINAL AND THE BROADWAY PIER. THE SHOP HAS VIEWS OF THE STAR OF INDIA, THE HARBOUR, POINT LOMA, THE MIDWAY MUSEUM, AND GALLEON SHIPS. THE PURCHASE PRICE INCLUDES A $65,000 DEPOSIT WHICH WILL REVERT TO THE PURCHASER WHEN THE LEASE EXPIRES IN EIGHT YEARS. BUSINESS REVENUES COULD BE INCREASED TREMENDOUSLY BY EXPANDING BUSINESS HOURS (IT CURRENTLY OPENS AT 12:00 NOON). ADDITIONAL MARKETING AND ADVERTISING OPPORTUNITIES INCLUDE THE INTERCONTINENTAL HOTEL, THE CRUISE SHIPS, ADJACENT HOTELS AND CONDOMINIUMS. THE MENU COULD BE EXPANDED TO INCLUDE: COFFEE, ESPRESSO, PASTRIES, GRANITA, AND BRIOCHE. WITH PERMITS, IT MAY BE POSSIBLE TO SERVE PIZZA, FISH AND CHIPS, AND OTHER ITEMS.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133130080
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901 Bayfront Court,#101 San Diego, CA 92101

  • Price: $100,000
  • Status: PENDING
  • On Site: 19 Days
  • Updated: 143 min ago
  • ID#: 220023698
0
Beds
0
Baths
0
½ Baths
N/A
Acres
790
SQFT
$127
$/SQFT
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
GELATO AND FRIENDS PRESENTS AN EXTRAORDINARY OPPORTUNITY TO PURCHASE AN UP AND RUNNING BUSINESS WITH A PRIME LOCATION IN THE RETAIL SECTION OF THE INTERCONTINENTAL HOTEL AT THE WATERFRONT. THE GELATO SHOP IS DIRECTLY ACROSS THE STREET FROM THE CRUISE SHIP TERMINAL AND THE BROADWAY PIER. THE SHOP HAS VIEWS OF THE STAR OF INDIA, THE HARBOUR, POINT LOMA, THE MIDWAY MUSEUM, AND GALLEON SHIPS. THE PURCHASE PRICE INCLUDES A $65,000 DEPOSIT WHICH WILL REVERT TO THE PURCHASER WHEN THE LEASE EXPIRES IN EIGHT YEARS. BUSINESS REVENUES COULD BE INCREASED TREMENDOUSLY BY EXPANDING BUSINESS HOURS (IT CURRENTLY OPENS AT 12:00 NOON). ADDITIONAL MARKETING AND ADVERTISING OPPORTUNITIES INCLUDE THE INTERCONTINENTAL HOTEL, THE CRUISE SHIPS, ADJACENT HOTELS AND CONDOMINIUMS. THE MENU COULD BE EXPANDED TO INCLUDE: COFFEE, ESPRESSO, PASTRIES, GRANITA, AND BRIOCHE. WITH PERMITS, IT MAY BE POSSIBLE TO SERVE PIZZA, FISH AND CHIPS, AND OTHER ITEMS.
Exterior Features

Location Neighborhood Shopping CtrRemarks Parking PublicStreetOther/Remarks Parking Free Form Street. Public.

Interior Features

Equipment Gelato MachinesTablesEtc. Heating Central Forced Air Elec

Property Features

Actual Accounting Expense 0.0 Actual Adjusted Net Income 0.0 Actual Annual Other Expense 0.0 Actual Cost Of Sales 0 Actual Depreciation 0 Actual Equipment Rental Expense 0.0 Actual Expense Ins Adv 0.0 Actual Gross Profit 0 Actual Gross Sales 0 Actual Interest 0 Actual License Expense 0 Actual Manager Salary 0 Actual Other Expense 0 Actual Owner Salary 0 Actual Payroll Expense 0.0 Actual Payroll Tax 0.0 Actual Phone Expense 0.0 Actual Rent Expense 62400.0 Actual Repairs Expense 0.0 Actual Supplies Expense 0 Actual Taxes Expense 0 Actual Total Expense 0 Actual Utilities Expense 0.0 Assets Total 100000 Business Name Gelato & Friends Business Type Food ServiceRestaurantRetail Employees 4 Est With Present Owner 3.0 Existing Financing Other/Remarks Financial Information Source OwnerOther/Remarks Flood Zone Hazard Unknown Full Time Employess 4 Geological Hazard Zone Hazard Unknown Gross Annual Sales 0 Have Business For Sale. How Long Established 3.0 Lease Deposit 65000 Lease Expires 2030-09-15 Lease Option Yes. Lease Type Term Lease. Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 5200 Motive Want Cash Out/Move On. Owner Works Yes. Price Inc Lease Value Yes. Price Includes Equipment Gelato And Friends Presents An Extraordinary Opportunity To Purchase An Up And Running Business In A Great Waterfront Location Downtown. Price Includes Gelato MachinesTablesChairsAnd The $65000 Deposit To Revert To Purchaser In Eight Years. Price Includes Inventory Yes. Price Includes License Yes. Price Includes Real Estate No. Price Includes Total Dollars 100000. Projected Accounting Expense 0.0 Projected Adjusted Net Income 0 Projected Depreciation 0 Projected Equipment Expense 0.0 Projected Expense Ins Adv 0.0 Projected Gross Profit 0 Projected Gross Sales 0.0 Projected Interest 0 Projected License Expense 0 Projected Manager Salary 0 Projected Net Income 0 Projected Other Annual Expense 0.0 Projected Other Expense 0 Projected Owner Salary 0 Projected Payroll Expense 0.0 Projected Payroll Tax 0.0 Projected Phone Expense 0.0 Projected Rent Expense 62400.0 Projected Repair Expense 0.0 Projected Supplies Expense 0 Projected Taxes Expense 0 Projected Total Expense 0 Projected Utilities Expense 0.0 Sale Includes InventoryLeasesLicenses/PermitsOther/Remarks Sales Restrictions N/KOther/Remarks Short Sale No Terms CashOther/Remarks Type Of Business Gelato/Ice Cream Shop. Zoning Commercial

San Diego MLS logo Listing provided courtesy of Berkshire Hathaway Homeservice: [IDXCONTACTINFORMATION]. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101