Business Overview

Sushi and Asian restaurant known for their quality and service is available due to the owner’s planned retirement. The restaurant is located near major retailers and has high visibility with approximately 30k cars driving by each day.

Strong demographics with average household income above $160,000 within a 5-mile radius have helped the restaurant remain profitable and thrive throughout the covid pandemic. The restaurant offers take-out and delivery through 3rd party providers and also has a very large dining area with multiple seating areas. The large facility allows for the tables to be spread out for social distancing and currently seats 100 diners. Tables can be added for extra capacity.

$600,000 asking price with seller financing, available on a case-by-case basis.

Contact us now through the ad or by contacting the broker directly at jason@truview business.com or calling (713) 714-7516 to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Financial

  • Asking Price: $500,000
  • Cash Flow: $122,973
  • Gross Revenue: $640,533
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Class B Strip center on a highly trafficked road.

Is Support & Training Included:

The current owner is offering training and support during the transition period.

Purpose For Selling:

Retirement

Pros and Cons:

Contact us to receive a Confidential Business Opportunity Report which will highlight the competition and strengths and weaknesses of the business.

Opportunities and Growth:

There are many opportunities to grow the business including adding menu items, expanding days open, and investing in advertising.

Additional Info

The venture was started in 2012, making the business 10 years old.
The sale will include inventory valued at $10,000, which is included in the listing price.

The business has 9 employees and is situated in a building with approx. square footage of 5,000 sq ft.
The building is leased by the company for $6,400 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. However, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is very crucial that you not rely completely on a vendor's word, yet instead, utilize the seller's response together with your total due diligence. This will paint a more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money so as to cover items such as inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that profit margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new consumers? Many times, companies have repeat clients, which form the core of their daily revenues. Certain elements such as brand-new competitors sprouting up around the location, road building, and employee turnover can affect repeat customers as well as adversely impact future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the chance to build a returning client base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood median house earnings impact future revenue prospects?