Business Overview:
Looking for a thriving restaurant in the cuisine capital of the world? Look no further, this sushi restaurant is on a roll!
The restaurant sits in the heart of uptown New Orleans, located in a highly upscale building, which is in excellent condition and is also included in the sale. With its prime location, loyal clientele, exquisite menu, and luxurious private rooms, this restaurant is perfect for anyone looking to expand into the commercial sector of New Orleans.
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Property Features and Assets:
The restaurant is in the heart of Uptown New Orleans in a highly upscale building in excellent condition. The real estate is included in the sale, the location is approximately 8000 square feet in size. The restaurant also offers private rooms for group events and large parties.
Market Competition and Expansion:
Regarding industry trends, Asian restaurants is one of the fastest growing categories in the U.S., though it’s very fragmented. As global economy improves, the U.S. will continue to flourish and families/individuals will have more disposable income which should help the industry. Restaurants and bars will continue to be a sought-after type of business. Many of the restaurant's customers do carry-out, corresponding with the growing trend, as 61% of all 2016 restaurant visits were for to-go orders.
In 2017, we expect to see a 41% growth in revenues and 25% growth in EBITDA.
Reason for Selling:
Seller wants to pursue other opportunities.
Additional Details:
- The property is owned.
- 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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