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Well Established Sushi Restaurant
Location: United States -> Texas -> Houston
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Up for sale is a revolving Japanese sushi bar. Established in April of 2012, this popular local favorite is in a major shopping center at a major intersection of two high-traffic commercial streets in West Houston. The restaurant is known for its unique and simple concept of being a self-serve sushi bar with a conveyor belt. Customers can look and easily pick up the dishes they want from the moving belt. It has attracted many repeat customers from the nearby offices and residents in the community.

The seller spent upward of $360K in leasehold improvements when it was built. The professionally-designed restaurant of 3,902 square feet includes three main areas: a bar area, an open setting area and a party room of approximate 150 square feet.

The restaurant has been profitable since it was established in 2012, despite a decline in revenue since the manager left at the end of 2017. Revenue for the year of 2019 was $1,037,336 with an SDE of $108,274. Huge potential to recover revenue and profit if effective management is in place and more marketing activities are applied.

Seller is extremely motivated to sell. He is unable to manage the business and in need of relocating abroad immediately for personal reasons. Rare opportunity to acquire one of the top restaurants in the area.

Special requirement on buyers:
The landlord requires the new owner has restaurant owner experience with a credit score of 750+ to sign the lease.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,037,336
Cash Flow:   $108,274
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $55,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  5 weeks
Reason For Selling:  Relocation

Photos

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Well Established Sushi Restaurant Photo 1




Print Listing Id: 700344312
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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