Business Overview

Japanese Teriyaki Restaurant for Sale. SBA Loan Available
Great opportunity to take over a successful Teriyaki Japanese Restaurant. Great location with loyal repeat customers. Fully equipped kitchen with hood and grill. Lots of room for storage and a walk-in cooler. Dine in or take out. Business hours are Monday through Friday 10:30 am to 8:30 pm and Saturday 11:00 am to 8:30 pm. Please call agent for more information.

Financial

  • Asking Price: $300,000
  • Cash Flow: N/A
  • Gross Revenue: $780,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $4,000
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,850
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Walking cooler, grill, Hood

Is Support & Training Included:

one week

Purpose For Selling:

retiring

Additional Info

The venture was started in 2013, making the business 9 years old.
The deal won't include inventory valued at $4,000*, which ins't included in the listing price.

The company has 3 employees and is situated in a building with approx. square footage of 1,850 sq ft.
The real estate is leased by the business for $3,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is very vital that you not count completely on a seller's word, however rather, utilize the vendor's answer together with your total due diligence. This will paint a much more realistic image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new customers? Many times, companies have repeat customers, which develop the core of their day-to-day profits. Specific variables such as new competition growing up around the location, roadway building, and staff turnover can influence repeat consumers and negatively impact future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the better the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the neighborhood typical home income impact future earnings potential?