Business Overview

This is a premier sushi restaurant located in the posh and upscale neighborhood of Plano, TX. The restaurant specializes in Japanese gourmet food and focuses on providing not only natural and healthy food but exceptionally delicious meals.

Sushi is gaining widespread popularity as public becomes more health conscious. In addition to its healthy ingredients, sushi is a very delicious food if its prepared well. This restaurant takes pride in using fresh premium ingredients for a taste that will make you come back for more. This restaurant has great client reviews (>4.5/5) on Google & Yelp.

This business was established in December 2014 by the hardworking family of the current owner. Currently the owner’s family is taking care of the business. The business remained very profitable throughout its existence despite COVID-19 pandemic devastating the restaurant industry in Y2020 and Y2021. The business realized a profit of >$84K in Y2021. The business is poised to grow even more in 2022 as COVID-19 vaccine is administered to general population and social restrictions are eased.

The current owners are selling the business due to health issues and retirement. They would like to handover this business to a new and energetic entrepreneur who can take it to the next level.

Financial

  • Asking Price: $149,000
  • Cash Flow: $84,724
  • Gross Revenue: $163,692
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,875
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The restaurant is housed in a spacious and well-equipped facility at a prime locality of Plano, TX. The facility has a covered area of 1,875 sq. ft. and monthly rent of $2,276 (includes NNN). The restaurant includes a well-equipped large kitchen of 650 sq. ft. with a large 14 ft. vent hood and 1,000 gallon grease trap. All the equipment is like new and in great shape. The restaurant has a seating capacity of 70 people. The current lease expires in August 2024.

Is Support & Training Included:

2 weeks

Purpose For Selling:

Health & Retirement

Pros and Cons:

Although there are other sushi restaurants in the area, this business has established a great reputation and goodwill among its clients. The restaurant currently has a loyal clientele that keeps coming back for the consistently good quality food provided here.

Opportunities and Growth:

This business is expected to grow significantly under a new energetic ownership who can focus on marketing, especially on social media. A new owner can substantially improve sales and marketing initiatives to increase revenue. There is a huge potential for growth in this market.

Additional Info

The business was founded in 2014, making the business 8 years old.
The deal will include inventory valued at $5,000, which is included in the asking price.

The business has 1 employees and resides in a building with disclosed square footage of 1,875 sq ft.
The real estate is leased by the business for $2,276 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the real factor and the one they say to you may be 2 totally different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is very vital that you not rely absolutely on a seller's word, but instead, make use of the vendor's solution along with your total due diligence. This will paint an extra reasonable image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that earnings margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as brand-new competitors sprouting up around the location, road building and construction, and personnel turnover can influence repeat clients as well as adversely affect future incomes. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood average house income effect future earnings potential?