Listing ID: 74766
Beautiful and thriving Japanese fine dining restaurant tucked in a quiet and affluent neighborhood. Husband and wife have created a relaxing spot for a quiet interlude with the best Sushi in town. Ripe for the picking by investor who knows their way around a restaurant but does not want to be tied down. Both owners can be replaced with some top level management and current staff with small increase to labor costs.. Husband drives quality, finds the freshest fish and trains the cooks and sushi chefs, less than full time, only pulls two shifts a week. Wife manages, no scheduled shifts, watches the books, pays the bills and hires and fires. Staff able to handle it all when she is gone. Both work less than full time.
Great landlord and lease,.
Price reduced to 2 times average Cash Flow; includes FFE, inventory, #12 LL. 2021 numbers recovering nicely from ’20, even with no lunch.
NOTE: Posted numbers are an AVERAGE between 2019 and 2020
Confidentiality is critical, as always. Contact Bill Swan (Broker) for more information, complete our NDA to start receiving additional financials and a possible tour when appropriate.
- Asking Price: $646,000
- Cash Flow: $323,000
- Gross Revenue: $1,049,514
- EBITDA: N/A
- FF&E: $52,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,641
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
Capacity about 70 with cozy dining room, Sushi bar, small patio seating. Full kitchen including several chefs stations at Sushi bar. #12 restaurant liquor license.
Will support new owner(s) with up to 2 weeks of orientation and training and follow-on mentorship if required.
Succeeds because of top quality food, presentation. unique menu combinations and approach, and highly trained staff. While others closed or went into the red in 2020, their dedicated customers just kept coming back and they are coming back on all cylinders.
As we come out of the pandemic, might be time for a touch of brand awareness on the web or in local advertising venues (they do NONE). Other than that, don't change a thing.....
The venture was started in 2008, making the business 14 years old.
The deal does include inventory valued at $10,000, which is included in the asking price.
The business has 16 employees and is located in a building with estimated square footage of 2,641 sq ft.
The real estate is leased by the business for $6,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nonetheless, the real factor and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is very important that you not rely entirely on a vendor's word, yet instead, utilize the seller's answer together with your general due diligence. This will repaint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that revenue margins are too tight. 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 also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new clients? Most times, companies have repeat clients, which create the core of their day-to-day earnings. Certain variables such as brand-new competitors growing up around the area, road building, and also personnel turnover can impact repeat clients and adversely influence future profits. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the neighborhood median home earnings influence future income potential?