Very Successful Hibachi style, Asian Dining, Sushi

Johnson City, TN
Washington County

Asking Price: Annual Revenue:
$148,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Successful Hibachi style, Asian Dining, Sushi Broker: James McGeehan
License #: 384454
Owner Financing is Available!
To the right candidate with down payment

Quick Facts

Asking Price: $148,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $84,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 14
BBN Listing #: 289656159
Broker Reference #: Not Disclosed

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Business Overview:

Very successful Hibachi style, Asian Dining and Sushi Bar.

Close proximity to VA Hospital and 5 minutes form ETSU with 20,000 hungry students. ETSU students can use their school food card to purchase meals-big money maker.

Each weekend Gross $2,400 to $3,200.
Very high table turnover.
Just recently added Bite Squad Delivery - seems to be doing nicely.

Current owner bought it in November 2017. She needs to relocate. Will offer 2 to 3 weeks of training to new buyer.

GREAT DEAL - to build out this restaurant it would cost over $200,000.

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Property Features and Assets:

4371 SF. Lease rate: $1.50/SF Per Month. 8 table front grills, fully equipped kitchen, wok, deep fryer, walk in freezer sushi bar, soup station, walk in cooler. Occupancy for 192. Hours Open 6 days a week Closed Tuesday. *Mon to Thus 11am to 2.30pm, 4.30pm to 9.30pm. *Fri 11am to 2.30pm, 4.30 to 10pm *Sat 11am to 10pm *Sun 11.30am to 9pm. Monthly Rent is $4,725 plus CAM $1,825 total of $6,560 monthly. Full patio - Covered for outdoor dining.

Market Competition and Expansion:

Only other Asian restaurant in the area offers buffet only. This Chinese theme restaurant has been in this location for over 10 years under a different name. Previous owner at this location selling Stir fry, American food with Bar and live music had annual gross revenue of over $1 million. Current owner has done no marketing at all. Huge potential to increase cash flow of table business or catering. Catering is approximately $2,000 per month on average currently.

Reason for Selling:

Relocation due to family illness.

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.

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