Japanese Restaurant With Beer & Wine
Location:
United States
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California
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Southern California - Los Angeles Area
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Torrance
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This traditional Japanese concept (non Sushi) restaurant for sale has been an established mega-earner since its 2004 launch. The restaurant boasts a stable earnings history with well-documented books, a long-term lease, a central location convenient for all South Bay Residents, a beer and wine license, 2 private dining rooms, and a stellar reputation. The facility, which can accommodate up to 70 patrons, also has two restrooms, a manager's office, and plenty of room to store customer's Sake and Japanese Sho-chu.
Asking Price $720,000.
This 2,200 square foot facility boasts two hoods (one with a deep fryer, oven and stove, and second with a stove and grill), a large kitchen and food prep area, two point of sale terminals plus the manager's computer, a spacious parking lot and large anchor tenant neighbors leases for $7,000 per month plus $1,700 in common area maintenance (CAM) on a new lease valid until January 2014, with 1 five year option.
As Torrance has a large Japanese community, competition for this traditional Japanese concept (75% of patrons are ethnic Japanese) naturally exists. This restaurant, however, has gained a reputation for being one of the higher-end restaurants of its type with a traditional offering in the customer manner and setting. New owners will likely seek to maintain the exact concept, menu and operation that the current owners have achieved such a high level of success with. As the owners are adamant that they only seek to be open for dinner hours (again, due to the traditional nature of the concept), new management may seek to explore the addition of a lunch-time offering.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$1,200,000
Cash Flow:
$360,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2004
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700100022
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