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Sushi Restaurant Business For Sale
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1660000
Net Profit / Cash Flow $696000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 10 - 19
Inventory 100000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Two weeks at forty hours per week
Reason for Sale Develop new restaurant
Description BTI 7867 - The business model for this owner over the past several years has been to develop sushi restaurants within the San Francisco bay area build them up then sell them to corporations and individuals. The owner has developed a successful design and restaurant prototype that works well within the volatile restaurant market place. He trains his staff and helps to develop a menu with broad appeal for the seafood lover tastes. The company prides itself on delivering high quality seafood with clever applications and processes and operates from a 2,589 sq. foot retail facility located in an attractive new shopping center location with quality tenants that attract a high traffic flow to the area. These tenants are large major nationally known retail operations. At this point, seller's tax returns are not being provided so a prospective buyer will have to disclose sufficient cash to complete a transaction and will need to conduct their own due diligence via seller's internally provided documentation.
Sales for 2011 $1,659,075 SDE 2011 $ 696,142 Sales 1st Qtr 2012 $409,103 SDE 1ST Qtr 2012 $169,425
Leased Space 2,589 sq ft w/Base Rent $10,680 + NNN $1,848 Options: 2 each at 5 years Security Deposit $10,416
Employees: 16 Full Time Working Owners: 1 Full Time
Hours : Mon -Sun 11:00 - 10:00 Fri - Sat 11:00-11:30 Established 12/2008
Asking $1,250,000 Down $875,000 Seller Financed $375,000 Term 5 years Interest 3% Payment $6,738.26
Click Here To Contact Seller
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