REALLY Busy Sushi Restaurant NET $384,000 for SALE

Torrance, CA
Asking Price:$680,000
Gross Revenue:$1,630,000
Rent:$3,000/Month
Established Year:2023
Cash Flow:$384,000
Inventory:$10,000
FF&E:$100,000
BUSINESS DESCRIPTION

REALLY Busy Sushi Restaurant with GROSS $1,630,000 with $384,000 NET

Store size: 3,100 sf
Rent: $3,000
Lease: 2029 plus 5 year option
ABSENTEE - owner just manages once a week but it’s not necessary.

1) Business hours: 11:30am - 10pm
2) # of Employees: Ft10, Pt2($45,000)
3) Reason for sale: Moving to Vegas to take over fathers business.
4) Gross sale: $1,630,000
5) Net income: $384,000
6) Asking price: $680,000

Comment:
This restaurant has very big potential. Right now, weekends have a waiting list. Patio is yet to be utilized, which can be used for 8 new tables, significantly reducing wait times for customers. New owner can come in and fix patio and raise monthly revenue from $135,000 to over $150,000+ easily.

Customers have the option of AYCE or à la carte. Currently AYCE(60%), à la carte(20%), ubereats/DD(20%). Monthly average $135,000+.

WILL NOT LAST. SELLING FOR LESS THAN 2X CASHFLOW TO GET A SALE QUICK.
Buyer needs to move to Vegas asap for family matters.

No SBA due to company being less than 2 years old. Buyer may obtain a personal loan to buy the business.

Must sign NDA and must show proof of funds. Business Financials will be provided after.


DETAILED INFORMATION
Location
Torrance, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,100
Lease Expiration
01/08/2034
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
FF&E 100,000 included.
Growth & Expansion
Waiting list on weekends. Can utilize patio space to get more tables in. Current owner does not have the time.
Financing
No SBA due to company being less than 2 years old Buyer can obtain personal loan
Support & Training
2-4 weeks training period. Willing to stay on as manager until owner is comfortable..
Reason for Selling
Taking over family business in las vegas.
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Young K
Young K