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Fusion Restaurant With Sushi, Beer & Wine For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $944358
Net Profit / Cash Flow  $120444
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2006
Number of Employees  10 - 19
Inventory  50000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal
Description  This North County Asian fusion restaurant boasts a full service sushi bar, a large kitchen and spacious dining area, and beer and wine. The fully equipped restaurant is located in a shopping center with plenty of parking and street front exposure in one of North County's busiest intersections. The dining room can accommodate up to 99 persons, including the 16 seat sushi bar, and the kitchen is well laid-out with all of the essential equipment, including a walk-in cooler and freezer. The floor plan is ideally structured to accommodate sushi in addition to any other Asian concept, but may be converted to many other concepts. Asking Price $249,000 + Inventory This 3,600 square foot facility leases for $8,780 per month plus common area maintenance expense of approximately $2,496 (for a total of $11,276) on a lease valid through November 2015. The sale includes all the business assets such as the furniture, fixtures, kitchen equipment, small wares, and the beer and wine license. Inventory will be sold at cost at close in addition to the purchase price. Competition is considered to be medium as this is a popular high traffic intersection that houses several other restaurants. That said, the concentration of restaurants and other businesses draws a lot of traffic to the area that this venue can capitalize on due to its ideal exposure. This business has excellent growth potential. A new owner may seek to carry on the existing concept, or modify the Asian fusion offering to any number of concepts that can benefit from the beer and wine license and high traffic location.
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