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Sba Loan Approved Sushi Restaurant
Location: United States -> California -> Southern California - San Diego Area -> San Diego
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

SBA Loan Approved At ~$60,000 Down. 2019 Profit $185,000 And 2020 Estimated Higher.

RRC#: 3863
Asking Price: Offered At $299,900
Location: San Diego
Annual Revenue: $860,000
Annual Cash Flow: $185,200
Monthly Rent: $8,092 includes base rent and NNN expenses.

Listing Description:
Pre-Approved for SBA Loan on business financials (tax returns) up to 80% of purchase price, or approximately $60,000 down payment. In 2019 the business had a profit of +$185,000, with 2020 Sales exceeding 2019 pre-covid levels. Well established and high visibility sushi restaurant in beautiful coastal San Diego. Located in well established restaurant neighborhood with strong year round residential and tourist populations. Has both indoor and outdoor seating. In business for approximately 25 years and with current owner for the last 7 years. Has good combination of traditional sushi bar and regular tables, plus an ABC Type 41 Beer & Wine License included in the sale price.

Some of the equipment included in the purchase price is: Type1 Hood (4'x7′), Grease Interceptor, Freezer (4'x6′), two Under Counter (3'x5.5′) Refrigerators, one Deli Refrigerator, two Sushi Cases (4′), one Sushi Case (6′), Hoshizaki Ice Maker, two Baking Ovens, one Gas Stove (4 burner), Sushi Bar (40′), one Hot Sake Machine, one American Range Deep Fryer, Rice Cookers, Clover POS system, and various tables, chairs, prep tables, dining ware, plus other equipment, tools and supplies necessary to run the restaurant.

This restaurant is located on a highly visible corner with an abundant amount of windows for visibility into the restaurant. This business has been conservatively valued at a sale value of $362,000 (pre-covid) making this restaurant an excellent opportunity for a qualified new owner based on its track record of profitability, years in business and location.

General Information:
Established: 1995
Current Owner: 2013
Employees: 9
Reason For Sale: Retirem


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $860,000
Cash Flow:   $185,200
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1995
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Retirement

Photos

View Larger Photo(s) Of Business
Sba Loan Approved Sushi Restaurant Photo 1




Print Listing Id: 700355231
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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 > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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