Successful Teriaki & Sushi Restaraunt w/ Loyal Following
Spokane, WA
| Asking Price: | $270,000 |
| Gross Revenue: | $711,000 |
| Established Year: | 2019 |
| Cash Flow: | $265,000 |
| Rent: | $2,800/Month |
Listing ID: 2249877Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established Midori restaurant. Very loyal and growing customer base located in the hugely popular Garland District in Spokane. Reasonable lease rate with 6.5 years remaining (including option). Building is in good condition and has 17 paved parking spots. High traffic counts on both Garland and Monroe. Great sales volume for this very popular niche market, with fantastic income for a hands-on owner willing to put in the work.
DETAILED INFORMATION
Location
Spokane, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,615
Lease Expiration
30/09/2030
Employees
3
Facilities
FF&E in great shape or new. Coolers, ice machine, cold display cases, dishwasher, etc. Included in asking price. Current lease through 9/30/2025; option at $3,000/month through 09/30/2030 (landlord will need to approve new owner to exercise option).
Competition
Remarkable sales volume considering business was started in 2019 just prior to Covid. Gross and net figures are a 3-year average, 2021 to 2023.
Growth & Expansion
The sky is the limit!
Financing
Cashout due to value; asking price less than one year's net profit!
Support & Training
TBD - owner will help new owner starting out, but their need to move out of area will limit timeframe, so time is of the essence! Priced below market value due to this being a niche market and owner's need to relocate for family.
Reason for Selling
Relocation
BUSINESS LOCATION
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