Established Asian Restaurant Sushi Bar “Just Renovated”

Price: $249,900

Location: Stand-alone

Industry: Restaurants, Asian Restaurants

Listing Category: Restaurants -- Asian

Listing ID: 82304

Established Asian Restaurant and Sushi Bar offering some of the best Sushi in the city. In addition to the Sushi other Korean BBQ and dishes round out the menu. A full bar is located next to the sushi bar, so any concoction you want can be shaken up. They offer specialty cocktails, Sake, various beers, and wine. The restaurant has a D5 and D6 Liquor. License.

The entire restaurant and bathrooms have been recently renovated (in 2017) the main restaurant has seating for 95 the Sushi bar seating for 9 and the there is a Private Room for Special Events and Parties that holds another 60.

Strong Sales with a strong following and customer base.

Great Lease >> Total Rent Only $6,000 per month stays the Same (No Increases) until 1/1/2022. When the lease is renewed in the option the Total Rent is Only $6,240 per month stays the Same (No Increases) until 1/1/2027.

Keep the restaurant as is and continue with the success.

Or Easily convert this Prime AAA location to your own concept!!

Listing Details

Total Sales: $657,128

Cash Flow: $115,738

Inventory: $7,500

Terms and Conditions?:

Potential Financing to a Qualified Buyer with $100,000-$150,000 Cash Down.

Reason For Sale:

Seller have other Interests.

Training & Support:

Seller to provide sufficient training to insure a smooth transition to a new owner.

Operation

Year Established: 1995

Year of Last Acquisition: 2016

Days & Hours of Operation: Mon-Thurs 11:00 - 10pm, Fri / Sat 11:00- 10:30pm, Sun Noon - 10:00 pm

Employees: Full Time: 5 / Part Time: 4

Location

Security on Lease: 2000

Lease Option: Lease expires 1/1/2022. There is one Five Year Option to Renew. Total Rent Fixed at $6,000 per month Through 1/1/2022. In option Total Rent Fixed at $6,240 per month Through 1/1/2027. Great Lease !!! One (1) Fiver (5) Year Option to Renew.

Monthly Rent: 6000

Type of Location: Stand-alone

Square Footage: 4700

Facilities Information:

Located in an affluent area in a AAA Prime High Profile Stand Alone Location with plenty of on site parking. The restaurant seats 95 in main restaurant and 9 at the Sushi Bar and has an additional room for Private Parties/Events that seats 60. Restaurant was Recently Renovated and has modern finishes this eatery is very inviting and comfortable to dine..
Kitchen equipment is all in good shape and well maintained.

Summary

Historical Summary:

Established in 1995.

Competition:

Limited.

Financing/Terms:

Potential Financing to a Qualified Buyer with $100,000-$150,000 Cash Down.

Afilliations