Seller's Contact Information
- RE: Must Go! - Japanese Restaurant In NW Of Houston
- Contact: Austin Zhao
Quick Facts
| Asking Price: | $48,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $75,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 9 | |
| BBN Listing #: | 998944107 | |
| Broker Reference #: | 76931-386998 |
Business Overview:
This Japanese restaurant was established in 2007 on a very busy street in Northwest of Houston. It has been known in the area as quality food at low prices. The restaurant offers perfectly exquisite sushi and Robata grill dishes with signature entrees such as the Hamachi Ceviche and Miso Chilean Sea Bass. For non-sushi lovers, they can enjoy the tantalizing Angus NY Garlic Steak, Hot Rock Beef with Certified Angus Beef.
With chic Japanese decor, flowing waterfalls and modern ambiance, it provides a relaxing, yet elegant and warm atmosphere for customers to enjoy the elegant food in the elegant restaurant.
The facility of 5,600 Square Feet provides total 216 seats. 113 seats in the main dining area and sushi bar; 32 seats in the bar and lounge area and 39 seats in two private rooms (one with 25 seats, another one with 14 seats), plus a patio area that can sit 32 people outside.
The revenue was $829,748 with about $25,000 of Seller Discretionary Earnings (SDE)in 2020 even under the impact of Covid-19. the revenue of first 7 months in 2021 was $556,022 . It is projected for $1 million revenue with about $75,000 SDE in whole year of 2021.
One of the two owners are retiring, so they decided to sell the restaurant to someone who can keep growing the business. A rare opportunity to buy an elegant restaurant at a low price.
This business was established in 2007 by previous owner and then the present owner took over the operation on July 1, 2015.
Competitive OverviewSTRENGTHS / UNIQUENESS:
>Good quality food: fresh, tasty.
>Reasonable pricing and unique menu.
>Unique presentation and dynamic combination of ingredients
>Modern ambiance and chic Japanese decor.
>Clean and good atmosphere.
>Excellent customer service.
>Friendly and experienced staff.
>Positive reviews from the customers.
At this time, business is currently not participating in any marketing initiatives to drive traffic. Proactive marketing methods are needed to fully utilize to achieve maximum income potential and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, and daily specials etc. Also, the nearby area keeps growing and developing for the growth of the business.
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Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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