Sushi Restaurant Full Service, Retiring & Hands Off Owner

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Hands Off Owner, Retiring, Financing
Asking Price:
$289,000

Gross Revenue:
$1,025,496
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Well known, well established, popular Sushi Restaurant in East Ventura County (Near Moorpark), serving the area since 2006. Established for over 10 years the business has weathered good and bad times, creating valued relationship with its long-term employees

With having such a long successful career and now old age, the owner is ready to sell the business and retire. The Business is a good fit for an experienced or a new business buyer looking to continue the tradition, enjoy the reputation and growing revenue that the business currently enjoys.

The Restaurant is in a busy, high traffic and prominent shopping center. The Business underwent a minor remodel few months ago. All FF&E is well maintained and in great condition. Original cost to build the location was in the range of $450k-$500k. Current lease term has 4 years remaining + 5-year option. According to the seller, the landlord has no problem extending to 10-year option for the qualified buyer.

There are well trained key employees in place, both in the kitchen/ back and the front of the house. Turn key operation. Hands - Off owner involvement will help make smooth transition. The owner tends to manage inventory, HR and the back end of the business - sometimes the owner spends time on the weekend greeting customers during busy hours. The Owner visits the business approximately 1.5 - 2 days/ week.

Visa: The current owner migrated to this country based on E-2 visa obtained via this business and believes that the business could potentially be a good candidate for another immigration visa as well.

Verifiable books and records and detailed financials available during due diligence. Possibility of SBA and limited Seller finance upon accepted offer and buyer qualification

Yearly Revenue:
• 2014: $844,740
• 2015: $981,563
• 2016: $994,899
• 2017: $1,027,119
• 2018: $1,025,496

ASKING PRICE: $289,000 + Inventory
Contact: Raj Parikh | (909) 510-9102 | rparikh@naicapital.com

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About the Sale

Reason For Selling:
Retirement
Training/Support:
As needed
Seller Financing:
Possibility of SBA and limited Seller finance

Listing Info

ID:
1574329
Ad Detail Views:
0

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Business Listed by

Raj Parikh - CBB, CBI, MBA

NAI Capital - Business Brokerage Division
License# 01962451

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Certifications:

U.S. Census Data for Ventura 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 Ventura 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.


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