Business Overview

Yoshi opened its doors in August of 2009 and was one of the first Japanese restaurants to hit the Greater Bangor area food scene. This successful restaurant is family owned and operated and has amassed a loyal following by serving fresh, delicious, and authentic Japanese and Asian inspired cuisine in a clean, friendly, and fun atmosphere. Currently, the kitchen and sushi bar staff consist of the chef-owner and a chef who was chosen and trained by the chef-owner. The front of the house staff typically fluctuates between 10 and 20 servers and hostesses with the majority of those being part-time. The owners provide a fair and flexible work environment that induces loyal employees and low rates of turnover. The owners and their son share management responsibilities and decisions. The owners have dedicated the past 20 years to learning the restaurant business starting with a few restaurants in Massachusetts. When they moved to Maine, they began a partnership with Ichiban in 1999 when they opened and after nearly 10 years, they decided it was time to strike out on their own. Now, a decade after opening, the family has decided that it’s time to slow down a bit and move back to Massachusetts to be closer to their family and friends.

Gross Sales $870,000

Excellent history in gross sales and strong EBITDA.

Financial

  • Asking Price: $290,000
  • Cash Flow: N/A
  • Gross Revenue: $870,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2009

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Relocating to be closer to family.

Pros and Cons:

The competitive landscape for Yoshi has grown to include the following establishments: Ichiban, Green Tea, Kobe Ninja House, Oriental Jade, Pad Thai and some grocery stores offering sushi items. Currently, Yoshi is the only Japanese restaurant of its kind in Brewer; all other competing restaurants are located in Bangor. A few more major differentiators for Yoshi are the Asian fusion items they have available along with their famous salad dressing, Pho and Ramen noodle soups, bubble tea drinks and more.

Opportunities and Growth:

The future of Yoshi depends on the ability of the new owner’s ability to continue to serve loyal patrons the same high-quality Japanese and Asian fusion cuisine in the warm and inviting atmosphere that they have become accustomed to. There are also many opportunities to build upon the already solid base of happy customers by expanding the menu to offer additional Asian dishes not served anywhere else in the area, a larger selection of Japanese and Asian desserts, and by adding mixed drinks to the adult beverage menu. Additional locations are a definite possibility for future growth as well as adding a catering component to the mix of offerings. Possible renovation of the existing space to add a hibachi section and a full length drinks bar would also create an opportunity to add to the existing streams of revenue.

Additional Info

The venture was established in 2009, making the business 13 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell companies. Nevertheless, the real reason and the one they say to you may be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is extremely vital that you not depend entirely on a vendor's word, however rather, utilize the vendor's answer together with your general due diligence. This will paint a much more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too tight. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in brand-new consumers? Often times, companies have repeat consumers, which create the core of their daily profits. Particular elements such as new competitors sprouting up around the area, road construction, as well as employee turn over can influence repeat customers and negatively influence future revenues. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median household income influence future revenue prospects?