Ohana - Japanese Seafood and Steak Turnkey Hibachi Restaurant For Sale

Bronx, NY

Seller Financing Available

Asking Price:$2,950,000
Gross Revenue:$2,600,000
Established Year:2003
Cash Flow:$1,200,000
Real Estate:$3,000,000
BUSINESS DESCRIPTION

Over 20 Years in Business - High Cashflow with Real Estate

SIGNIFICANT PRICE DROP - OWNERSHIP LOOKING TO MAKE A DEAL - COMES WITH REAL ESTATE ALREADY APPRAISED AT $2,950,000

Once in a lifetime opportunity to purchase an extremely high cash flowing business on a humongous plot size of land in City Island. Located within the Bronx County, City Island is famously known for its fantastic views, seafood restaurants and antique stores. With an already existing structure of 6,796 square feet and a corner plot size of 16,625 square feet which includes a massive parking lot - investors will see a large potential of potential future developmental rights.

Operating currently as a business for the past 14 years, Ohana has flourished. All management and employees have been with Ohana for over 10 years and will be included as part of the business sale. Liquor license has just been renewed and will be included as part of the transferrable acquisition along with all fixtures and inventory. All potential purchasers must sign an NDA and be fully registered in order to see full inventory, financials and a complete assessment of the transaction.


ATTACHED DOCUMENTS
Ohana 5M RW.pdf.pdf Download

DETAILED INFORMATION
Location
Bronx, NY
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
16,625
Facilities
Large valet parking that can fit more than 40 cars, 15 Hibachi ventilation and grilling systems, completely outfitted kitchen freezers and preparation area.
Competition
Only Hibachi Japanese restaurant on City Island!
Growth & Expansion
Being in business for over 20 years, plenty of growth and opportunity
Financing
Working with a lender that will do 90% financing!
Support & Training
Ownership will stay on board to train all operations of the restaurant - inclusive of management and staffing.
Reason for Selling
Retirement
Home-Based
This business is Home-Based
Franchise
This business is an established franchise

BUSINESS LOCATION
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Richard Wong
Richard Wong