Profitable and Well-Established Teriyaki Restaurant
Asking Price: | $750,000 |
Gross Revenue: | $791,878 |
Cash Flow: | $188,541 |
Rent: | $9,100/Month |
Absentee Run and High Net; Motivated Seller
Well-established for over 15 years; current owner has operated since 2018. Excellent following of repeat customers and first time visitors. Open daily from 11:00 a.m. to 9:00 p.m. Approximately 1,700 SF with ample seating capacity (around 48) and plenty of parking.
Desirable location on a busy street, providing high volume of traffic. Within busy commercial district area with many surrounding businesses and shopping centers and close to densely populated residential neighborhoods.
Fully functional restaurant with minimal owner participation and supervision; mostly employee operated. Greater income potential for an owner/operator or more vested owner.
FY 2022 Total Gross Profit - $791,877.60
FY 2022 Total Net Income - $68,541.12 (EXCLUDING $120,000 wage compensation to owner)
Seller has sizable payroll-related expenses due to high level of staffing - approximately 6 full-time and 10 part-time employees.
Seller currently does not invest much time, effort, and resources into advertisement and promotion, instead relying mostly on longtime patrons, word-of-mouth, and walk-in customers. Higher revenue and expansion may be possible with greater dedication to actively marketing the business.
Overall an attractive and desirable business opportunity with verifiable gross sales; absentee ownership; high-level of staffing; busy and active commercial location within close proximity to dense residential areas; and tremendous upside and growth potential.
*Prospective buyers to execute an NDA and provide Proof of Funds.
**The aforementioned information was furnished by the Seller. Business Brokers and/or its agents have not and will not verify the accuracy or completeness of information provided and make no representations as to its accuracy or reliability. Buyers are advised to consult with their legal and financial advisors to the extend they may deem necessary.
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