Seller's Contact Information
- RE: IUNDER AGREEMENT Iconic Asian Cuisine Restaurant
- Contact: Karen
Quick Facts
| Asking Price: | $300,000 | |
| Annual Revenue: | $1,230,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $500,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 9 | |
| BBN Listing #: | 19662849 | |
| Broker Reference #: | 15716 |
Business Overview:
Cash Flow on Day One of Ownership!
This is an incredible opportunity to take over a turnkey, incredibly profitable and well known Asian Cuisine Restaurant, Bistro and Sushi Bar. This business has provided their unique blend of Asian cuisine and fresh sushi, along with a full bar serving exotic and traditional drinks since 2014. It’s well-known by locals and tourists alike for its delicious menu and atmosphere, and its loyal patrons consider it a destination for catching up and for the perfect date night! Its location is on a cross-city street with high-volume vehicle traffic, and it’s surrounded by businesses that generate high-volume foot traffic.
This business adjusted its hours and operations and survived the negative impacts of Covid faced by many restaurants. It came out on the other side in 2021 incredibly stronger and with an unheard of cash flow of $500K on $1.23MM of sales, as reported on (Tax Returns). Q4 2022 indicates higher profits than last year. The addition of Grub hub delivery service has allowed the restaurant to expand its reach, especially during the cold-weather months.
With a return to pre-covid hours and an increase in social media presence, this location is prepared for continued growth.
Value Drivers
Strong reputation in market and surrounding areas
Partnered with Grub hub delivery service
Highly visible location, accessible parking
Wide variety of menu and drink offerings
Strong supply chain relationships
Asking Price Business: $300,000
With $225,000 Down Payment
$75,000 Seller Financing Secured Note
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Lease: The landlord is aware of a potential sale and will discuss a new lease with a qualified purchaser Premises: 2,100 sf street level. Open floor plan with casual dining, a bistro & sake bar area and a commercial kitchen designed for efficiency. Parking: 17 shared spaces.
Reason for Selling:
Retirement & Other Interests.
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
Documents:
Relevant Links:
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