Sushi & Thai: Hi-Vol Sales $1.3M, Net $192K, SBA OK, at $500K

Contact Seller
AYCE Sushi & Thai: Hi-Vol Sales $1.3M, Net $192K, SBA OK, Reduced to $500K, El S
Asking Price:
$500,000

Gross Revenue:
$1,320,000
Cash Flow:
$192,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

"Price has been reduced to as low as $500,000"
• A monumental and traditional Sushi and Thai diner, being open since 1998 in El Segundo. Situated in a vibrant strip mall in a densely populated area and is exposed well to the traffics
• It is known as one of the most famous and lively sushi and Thai restaurants in the area.
• It is a place where neighborhoods and local staff who want to dine out with their freinds or families enjoy a special cusine all day. In fact, the restaurant is full at lunch rush and customers are waiting in line.
• The place is not noticeable but famous for its well-known quality, fresh and good portion of freshly prepared sushi and homemade Thai dishes, and all dishes are fairly priced.
• The same menu offers both sushi and Thai cuisine, but a variety of different dishes are offered, all of which are delicious.
• Here is a quick overview of operations and finance:
(1) Average monthly turnover is over $106,000. More than 95% of sales paid by credit card
(2) Average net income per month is $16,000 or more
(3) Cost of goods averages 34%
(4) Current all-in rent is $7,600/m, including NNN/CAM
(5) Premise size is approx. 2500 sq. ft
(6)The current lease is 6+5 years
(7) There are 9 full-time and 13 part-time employees. Wages are about $28,000/m
(9) Average monthly sales tax is about $10,000
(8) Established for 20 years, but operated for 5 years by the current owner
(9) There's plenty of parking, but sometimes is a little tough
(10) SBA loan very possible w/qualified buyer with 30% down, 720+ FICO, and at least 2 years restaurant experience. Buyers must prove appropriate financial statement, sufficient down payment in the bank account seasoned more than 90 days, and similar restaurant experience. Business financials are only available to qualified buyer.
• For more information, contact Kevin Kim at beeinvest.kim@gmail.com
• An online NDA form attached for your convenience. Review, sign and return
• Never speak to any staff, interfere with or interrupt work during your visit
• Seller is motivated

About the Business

Year Established:
2013
Number of Employees:
9+13
Real Estate:
Leased
Building Sq. Ft.:
2,500
Rent:
$3.04 Per Month
Lease Expiration:
2/29/2024
Facilities:
Unique AYCE Sushi restaurant in El Segundo, Full kitchen, Walkin-freezere, Fancy dining room, Healthy Thai food also served, Lunch rush
Market Outlook/
Competition:
No
Growth & Expansion:
Very little marketing or advertising has been done over the past several years, relying mostly on word of mouth and on-line reviews. Seen an opportunity to grow the business through use of variety of marketting tools or expansion of the catering services
Contact the Seller

About the Sale

Reason For Selling:
Move out
Training/Support:
2 weeks after closing escrow
Seller Financing:
None

Listing Info

ID:
1551232
Ad Detail Views:
372

Contact the Seller
$
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

 Show Phone Number

View My 100 Active Listings
U.S. Census Data for Los Angeles County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;