Must Go,Well Established Sushi Restaurant

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$50,000 $1,037,336

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Must Go,Well Established Sushi Restaurant Broker: Austin Zhao

Quick Facts

Asking Price: $50,000
Annual Revenue: $1,037,336
Net Profit: Not Disclosed
Cash Flow: $108,274
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 13
BBN Listing #: 197144107
Broker Reference #: 76931-268164

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Business Overview:

Up for sale is a revolving Japanese sushi bar. Established in April of 2012, this popular local favorite is in a major shopping center at a major intersection of two high-traffic commercial streets in West Houston. The restaurant is known for its unique and simple concept of being a self-serve sushi bar with a conveyor belt. Customers can look and easily pick up the dishes they want from the moving belt. It has attracted many repeat customers from the nearby offices and residents in the community.

The seller spent upward of $360K in leasehold improvements when it was built. The professionally-designed restaurant of 3,902 square feet includes three main areas: a bar area, an open setting area and a party room of approximate 150 square feet.

The restaurant has been profitable since it was established in 2012, despite a decline in revenue since the manager left at the end of 2017. Revenue for the year of 2019 was $1,037,336 with an SDE of $108,274. Huge potential to recover revenue and profit if effective management is in place and more marketing activities are applied.

Seller is extremely motivated to sell. He is unable to manage the business and in need of relocating abroad immediately for personal reasons. Rare opportunity to acquire one of the top restaurants in the area.

Special requirement on buyers:
The landlord requires the new owner has a credit score of 750+ to sign the lease.

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Property Features and Assets:

Established in April, 2012. The same owner, the same location.

Market Competition and Expansion:

>Profitable since it was established in 2012 >Unique and simple business concept with low food cost and easy operations >Excellent location in a major shopping center >Great reputation and ratings, 4.4 rating on Google Review >Same owner and same location since opening >Only Japanese restaurant nearby, little to no competition in the area Potential Growth A well-established restaurant with stable customer base in an excellent location. However, the current owner is unable to manage the business, he is planning to relocate abroad immediately for personal reasons. Rare opportunity to acquire one of the top restaurants in the area. There is big potential to grow the business if effective management is in place and more marketing activities are applied.

Reason for Selling:

relocation

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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