Business Overview:
This Monterey Park Japanese restaurant with beer and wine offers its buyer a growing operation, a highly successful concept and an ideal return on investment that mitigates the buyer’s risk. The location offers convenient freeway access, which has helped the restaurant to quickly grow its loyal client base of patrons who travel from near and far. With an ideal lease rate on a secure long term lease, continued month over month revenue growth, an innovative and scale-able concept that not only draws clients to it but also that retains them while providing the restaurant a unique point of differentiation. This attractive offering price provides either an absentee owner or a working owner a timely return on investment, this fantastic opportunity will not last long!
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Property Features and Assets:
This 1,100 square foot facility with a parking lot leases for $3,325 per month on a lease valid until November 2013, with one 5 year option to renew. The sale comes with a beer and wine license that allows for service until 2 am, as well as all of the new restaurant’s furniture, fixtures and equipment paid off are included in the sale. Specific assets including seating and service for at least 28 patrons, 2 ADA approved restrooms, a dry storage area, a point of sale system, two salad prep tables, refrigerated preparation table, a three door fridge, three bucket sink, dishwasher, deep fryer, and a grill, stove and oven amongst other items.
Market Competition and Expansion:
This restaurant is located in a fairly competitive market. That said, its unique food and beverage offering give it a unique point of differentiation that has set it apart from local competition and made it a favored destination for local residents as well as those regularly hailing from as far away West Los Angeles & Orange County.
As the current operation is dinner only service 5 days a week, new owners may seek to offer daily service and a lunch offering. Of course, while the concept has already caught on solely based on word of mouth advertising, new management may seek to launch an aggressive ad campaign to further increase the business’s growth and attract new customers. Similarly, they may seek to capitalize on the concept’s proven track record and loyal client base by opening new locations.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: