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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Sushi Restaurant
(Food & Beverage , Restaurants)
Hudson County , NJ
Listed Price: $ 150,000
Listing ID: REST661

Listing DetailsGross Revenue: $ 686,691
FFE: $ 95,000 (Included in Price)
Reason for Sale:

Owner is involved in alternative business.


Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2003
Days & Hours of Operation: Monday-Sunday
Non-owner Payroll: $ 9,500
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 5,165
Square Footage: 2000
Facilities:

The retail facility which consist of approximately 2,000 square feet has an attractive clean appearance. The business is on an active commercial avenue with various other retail businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of a highly populated city with continued demand for this industry.


SummaryBusiness Description:

Recently available, this sixteen-year-old successful sushi restaurant located in a highly populated urban city in Northern New Jersey. The restaurant can evidence a 2018 gross yearly income of $686,691 and a consistent net yearly income to the owner operator with additional growth potential. The restaurant is a new take on Japanese food but with a modern twist. The restaurant has a welcoming feel, with attractive décor and inspired accents. The restaurant is the culmination of their unwavering focus to the purity of the fish and the expression of their devotion to traditional Japanese techniques. Regarding employees and payroll, this restaurant company consist of eight full / part time employees who are unaware of the pending sale. The payroll is based on a weekly salary and an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,500. Lease and terms, the business transaction will offer an assignable commercial lease which expires 2025, plus additional options available, with a monthly rent of $5,165, cost per square foot is estimated at $41.32 and rent security of approximately $5,000. This casual restaurant business opportunity consists of approximately 2,000 square feet and has an estimated capacity for fifty-five customers. Days Hours of operation, this fast food restaurant business is active seven days per week, with hours from 11:00 am to 11:00 pm. The business has been valued / priced at $150,000 which will be based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

Regarding growth and expansion, the business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Can be considered to a qualified buyer.