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Owner Absentee Japanese Restaurant With Bar
Location: United States -> Texas -> Fort Worth, Tarrant County
Industry: Franchises > Food and Beverages




Business Summary

Prime location Japanese restaurant located near a well-known shopping mall is now available for acquisition. This business opened its door for business in early 2015 originally as a sushi buffet, but since the height of the pandemic and to battle, the restrictions, alleviate patrons' safety concerns, and staff shortage issues, the ownership and the management changed the business model in April 2020 to full-service dine-in, which made the overall operation more efficient and profitable by significantly reducing unnecessary food waste and labor cost. Even before changing the business model, the customers have been loyal and enjoyed the freshness and variety of options this restaurant provided, but after changing to the current business model, the business has acquired a new set of customers by offering authentic Japanese cuisine, including ramen, rice bowls, poke bowls and fresh sushi rolls that are made to order. In 2020, the monthly average net sales were $55,000 and it significantly grew to $83,000 per month in 2021. This business operates in a free-standing building, sharing a space with a well-known franchise food retailer and from across one of the busier malls in the city. The immediate vicinity of this business is comprised of different types of well-known nationwide restaurant chains, retail stores, and department stores providing free and immense foot traffic from shoppers and commuters. Despite being surrounded by many other restaurants, one would assume it is disadvantageous from the competition standpoint, but there are no other sushi restaurants in the immediate area and enjoys a competition-free operation.

Much of the customer base consists of affluent, upper-middle-class individuals that live in neighboring residential areas, hospitals, hotels, churches, and shoppers from the mall. The business runs autonomously generating healthy revenue and cash flow without too much owner involvement. While many positive things have been mentioned, the new a...


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $996,773
Cash Flow:   $190,091
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2014
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will provide a training period of 2 weeks for a smooth transition into the business.
Reason For Selling:  The owner is seeking other opportunities.




Print Listing Id: 700372201
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